Sales & Marketing

Brian Cornell’s tenure as Target’s chairman and CEO begins on August 12. Don’t expect it to last long if his track record at other recent employers is any indication.
 
Cornell brings to Target an impressive roster of C-level positions at big name companies — PepsiCo, Sam’s Club, Michael’s, Safeway — but the 55-year-old executive didn’t stick around for long at any of them.
 

York, Pa. -- The Bon-Ton Stores, Inc. announced the appointment of Kathryn Bufano to the position of president and CEO, effective Aug. 25. Bufano has served as the president and chief merchandising officer of Belk Inc. since 2010.

Bufano replaces outgoing president and CEO Brendan Hoffman, who announced his resignation.

Atlanta – Havertys reported essentially flat net income growth in the second quarter of fiscal 2014. Net income was $4.82 million, compared to $4.83 million in the second quarter of the prior fiscal year.

Net sales rose 2.5% to $175.13 million, from $171.11 million. Same-store sales climbed 3.2%.
 

HH Gregg president and CEO Dennis May expected the company’s first quarter to be challenging, but he did not envision a 10.2% same store sales decline or a $10.3 million loss.

Austin, Texas – Whole Foods plans to expand its loyalty, marketing and home delivery programs. In a conference call with investors, co-CEO Walter Robb said Whole Foods will launch its first national marketing campaign in fall 2014, with a focus on how the retailer is better and different than its competitors.

The Bon-Ton Stores has elected Daniel T. Motulsky to its board of directors.

Motulsky was a managing director and global head of consumer & retail of Lazard from 2000 to June 2014, having joined the firm in 1998. Lazard is a global financial advisory and asset management firm that engages in investment banking, asset management and other financial services primarily with institutional clients.

Orlando, Fla. – Accesso Technology Group plc has released the latest Accesso Passport e-commerce solution. The latest version provides the ability to leverage Accesso’s features across any device.

Retail and consumer products veteran Brian Cornell was named chairman and CEO at Target to fill two of the three roles previously held by the company’s former top executive Gregg Steinhafel.