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Toys’R’Us appoints former Staples exec managing director, Central Europe
Toys“R”Us has appointed Michael Melzer as managing director, Central Europe. He will be responsible for the company’s business operations throughout Germany, Austria and Switzerland, including 91 stores and four e-commerce sites, as well as the approximately 2,200 employees in these countries, and report to Wolfgang Link, president, Europe.
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Destination Maternity has ‘disappointing’ fourth quarter
A decrease in same-store sales and losses resulting from Destination Maternity’s continued efforts to close underperforming stores fueled a net sales decline in the fourth quarter — just two months after Anthony Romano came on board as CEO.
Net sales at Destination Maternity dropped 5% to $122 million in the fourth quarter of fiscal 2014, from $128.3 million the same quarter a year earlier. Same-store sales, including Internet sales, declined 5%. Sales results were below previously released guidance.