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Retail

  • New CFO named at TJX

    FRAMINGHAM, Mass. — The TJX Companies announced Tuesday that Scott Goldenberg has been promoted to CFO, retaining his EVP title, effective Jan. 29, the beginning of TJX’s fiscal year. Goldenberg will oversee corporate finance for TJX and continue to report to Jeffrey Naylor who had resumed the CFO position in 2009. Naylor will continue as senior EVP, chief administrative officer and also have responsibility for other corporate functions, including Information technology, legal, risk management, and investor relations.

  • RadioShack predicts earnings drop in Q4

    FORT WORTH, Texas — RadioShack announced that preliminary net sales and operating revenues for the fourth quarter ended Dec. 31, 2011 increased approximately 6% to $1.39 billion compared with $1.31 billion for the fourth quarter last year. Comparable-store sales for company-operated stores increased approximately 2% during the 2011 fourth quarter.

    The company said it expects diluted earnings per share for the 2011 fourth quarter to be in the range of 11 cents to 13 cents, compared with 51 cents per diluted share reported in the 2010 fourth quarter.

  • Office Depot releases 2011 Corporate Citizenship Report

    Boca Raton, Fla. -- Office Depot announced Tuesday the release of its 2011 Corporate Citizenship Report, highlighting its commitment to business, ethics, diversity, environmental sustainability and community.

    Highlights of the report include diversity initiatives such as its Historically Underutilized Businesses catalog, which features products by businesses owned by minorities, women, the disabled and veterans; its ranking as the greenest retailer in America; and its compliance training initiatives.

  • NAI MLG Commercial names principal

    Milwaukee -- NAI MLG Commercial said Tuesday that Brian J. Vanevenhoven has been named principal of the firm.

    Vanevenhoven joined NAI MLG Commercial in 2000 and became a retail associate in 2001. In 2006, he was promoted to VP, and in 2007 was promoted to senior VP of the retail team. 

  • Post-holiday shopping center survey reveals optimism

    North Plainfield, N.J. -- A survey released Monday by Levin Management Corp., which polled retailers within its 12.5 million-sq.-ft. shopping center portfolio in New Jersey, Pennsylvania and New York, found a general feeling of post-holiday optimism.

  • Sainsbury’s selects Kronos workforce management solution

    Chelmsford, Mass. -- Workforce management solution-provider Kronos Inc. said Tuesday that Wokingham, U.K.-based Sainsbury’s has selected the Kronos solution to control labor costs and improve workforce productivity.

    The Kronos solution will manage the time and attendance and scheduling of more than 150,000 associates in more than1,000 locations across the United Kingdom.

    Prior to selecting Kronos, Sainsbury’s managed time and attendance and scheduling through a blend of manual and partially automated processes.

  • Apple bites off European retailer for new leadership

    CUPERTINO, Calif. — Apple Monday named a replacement for former retail head Ron Johnson, who left the company last year to become CEO of JCPenney. The company announced that John Browett will join the company as SVP retail, reporting to Apple CEO Tim Cook. Browett comes to Apple from European technology retailer Dixons Retail, where he has been CEO since 2007. Beginning in April, he will be responsible for Apple’s retail strategy and the continued expansion of Apple retail stores around the world, the company said in a press release.

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