Sales & Marketing

New York -- A disconnect between chief marketing officers and chief information officers threatens the ability of companies to deliver effective customer experiences, according to a new study by Accenture. Only one-in-10 of executives believing collaboration between CMOs and CIOs is currently at the right level.

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Houston -- Stage Stores Inc.'s second-quarter net income dropped 18% and the department store operator lowered its expectations for the year.

The retailer earned $9.6 million in the quarter that ended Aug. 3, compared to $11.7 million last year.

Revenue rose more than 3% to $395.3 million, missing Wall Street expectations.

ROCKFORD, Mich. — Wolverine Worldwide has appointed Gene McCarthy as president of the Merrell brand. 

"Gene McCarthy is a visionary leader with a passion for brands and consumers," said Blake W. Krueger, chairman, CEO, and president of Wolverine Worldwide. "Merrell has been and continues to be a leader in the outdoor space and a jewel within the Wolverine portfolio — I am thrilled to have Gene join the Merrell team as it continues its drive to be the first billion-dollar-brand in our Company's history."

New York -- Target Corp. executives discussed the chain’s omni-channel initiatives on the company’s second quarter conference call with investors. Target’s executive VP merchandising and supply chain, Kathryn Tesija highlighted the company's investments in flexible fulfillment, including plans to expand a program allowing customers to buy items online and pick them up at the store the same day, starting in the third quarter.

HUDSON, Ohio — Jo-Ann Fabric and Craft Stores has appointed Tom Williams to SVP of store operations and human resources, replacing Ken Haverkost.

Haverkost announced his retirement as EVP of store operations, a position he held since joining the company in 2007. He will remain a part-time employee through March 2014 to assist in the transition process.

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HOFFMAN ESTATES, Ill. — Sears Holdings saw revenues decrease to $8.9 billion for the quarter ended August 3, from $9.5 billion for the year-ago quarter. Fewer Kmart and Sears full-line stores accounted for approximately $210 million of that decline.