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Genesco CFO to retire; reports Q3 profit miss
Nashville, Tenn. — Genesco Inc. announced that James S. Gulmi, senior VP and CFO, will retire at the end of its current fiscal year. He will be succeeded as CFO by Mimi E. Vaughn, the company's current senior VP —strategy and shared services. Gulmi, who has served as Genesco's CFO since 1986, will continue as senior advisor to the company for at least the next year. -
Report: Kohl’s new loyalty program pilot garners 10 million enrollees
Menomonee Falls, Wis. — Kohl’s Department Stores had a tough third quarter that included a 20% drop in profits, but the retailer reportedly sees its loyalty program and mobile wallet as important competitive assets. According to the Wall Street Journal, a 300-store pilot program of the new Kohl’s loyalty program garnered 10 million enrollees, and another 10 million shoppers have joined since the program went nationwide in October.

