News

Hudson's Bay Company’s CFO Michael Culhane is reportedly taking a leave of absence from the company. Assuming the CFO role will be Donald Watros, who on Feb. 1 will be stepping into his new role as president of the company.

HBC did not provide further details on Culhane or the CFO spot.

St. Louis -- Brown Shoe Company has selected Agilence Retail 20/20 as its exception reporting solution. The next-generation exception reporting solution will provide Brown Shoe Company with a platform for reporting on point-of-sale transactions, e-commerce, inventory adjustments, financials, and customer loyalty.

Stein Mart has elected Burton M. Tansky to the company's board of directors. Tansky was with Neiman Marcus for 23 years, retiring as president and CEO in 2010.

Before being named as CEO for the Neiman Marcus Group in 2001, Tansky was president and CEO of Neiman Marcus Stores. Prior to this he served as CEO of Bergdorf Goodman, a division of the Neiman Marcus Group, and as president of Saks Fifth Avenue.

New York -- Convenience-store operator Wawa will license Applied Predictive Technologies’ (APT) merchandise optimization software, adding to Wawa’s current long term licenses for APT’s Test & Learn management system and Market Basket Analyzer. Wawa will leverage the merchandise optimization solution to maximize profitability of space and merchandise assortment plans, assess the impact of each merchandising change, and fine-tune merchandising strategy across more than 600 locations.

Mobile is changing the way in which customers manage their drug store needs whether it be filling a prescription, accessing health resources or buying products, and CVS is aiming to take the lead in today’s digital space with a slew of innovative offerings that are yielding some significant results.

Toms founder and CEO Blake Mycoskie is the latest recruit to join the B Team, a nonprofit initiative, co-founded by Sir Richard Branson and Jochen Zeitz. Mycoskie is the youngest member of team.

The B Team was created to encourage businesses to be a driving force for social, environmental and economic benefit.

Target is the latest major retailer to announce it will stop offering health insurance to its part-time employees. In a company blog post on Jan. 21, Target said it will no longer provide health insurance coverage to part time workers after April 1.

ChannelNet, a leading digital customer acquisition, retention and conquest marketing company, has named Angela Johnson as VP of account management.

The company will be looking to Johnson to help it manage growth. Johnson has more than 20 years of client relationship management and is an expert in developing multichannel solutions for the automotive, high-tech and insurance industries.