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Petco taps former GNC, Abercrombie exec as CFO; also names digital head
San Diego -- Petco announced it has named Michael M. Nuzzo as executive VP and CFO. Before joining Petco, Nuzzo served as chief administrative officer of the baby gear brand, 4moms. Previously, he served as CFO and executive VP at GNC Holdings, and in various leadership roles at Abercrombie & Fitch.
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Study: Sales per shopper rise in March
San Jose, Calif. – Despite declining store traffic during March 2015, retailers benefited from increased sales per shopper (SPS), average transaction value (ATV) and conversion rates. According to the March 2015 RetailNext Retail Performance Pulse, SPS grew 5.8% compared to the same month a year earlier, perhaps reflecting pent-up consumer demand after a difficult winter.
In addition, ATV grew 3.5% and conversions increased 0.9%, further suggesting consumers who visited stores were looking to make purchases. Returns stayed flat.

