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OfficeMax CMO departs
Naperville, Ill. -- OfficeMax said Friday that its executive VP and chief merchandising office Ryan Vero has resigned, effective Dec. 2.
Michael Lewis, executive VP and president of retail, will continue to provide oversight to the marketing and merchandising teams, according to OfficeMax.
OfficeMax said it is initiating a search for a chief merchandising officer immediately.
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Starbucks Q4 profit soars 29%, same-store sales up 9%
Seattle -- Starbucks Corp.’s fiscal fourth-quarter profit jumped nearly 29%, beating Wall Street estimates on strong sales around the globe. The company earned $358.5 million in the quarter, up from $278.9 million last year. Revenue rose 7% to $3 billion, with some benefit from foreign exchange rates. Same-store sales increased 9%, with a 10% rise in the United States.