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OPERATIONS / SUPPLY CHAIN

  • Target vet joining Rite Aid’s executive ranks

    Camp Hill, Pa. -- A veteran Target executive is joining Rite Aid.

    The drugstore chain on Monday announced that Bryan Everett is joining Rite Aid as executive VP store operations, effective Aug. 3. He will be responsible for all operations at the company’s nearly 4,600 chainwide stores and will report to Rite Aid president and COO Ken Martindale.

  • C-suite shakeup at Target: Chief merchant steps down

    Minneapolis -- The transformation of Target Corp. under the leadership of new CEO Brian Cornell continues with the departure of one of its top-ranking executives.

    The company announced that Kathryn A. Tesija, executive VP, chief merchandising and supply chain officer will move into an “advisory role” effective July 6.

  • More exec changes at 99 Cents Only

    New York -- Discounter 99 Cents Only has appointed a former Walmart executive as interim CFO — for the second time.

    Less than a month after former Kmart executive Andy Giancamilli was named interim president and CEO, 99 Cents named Michael Fung to the role of CFO.

  • Dollar General names interim finance head

    Goodlettsville, Tenn. - Dollar General Corp. has promoted one of its finance executives to interim CFO.

    The discounter named John W. Garratt as interim CFO effective July 1. He follows David Tehle, who had previously announced his retirement in March 2015.

    Garratt, who is currently the senior VP of finance and strategy, will now oversee all aspects of the company’s financial, accounting and information technology operations until a new CFO is in place.

  • Retailers urge Congress to make changes to heathcare act

    Arlington, Va. -- The Retail Industry Leaders Association (RILA) is calling on Congress to make “much-needed” changes to the Affordable Care Act (ACA).

    The move comes in response to the Supreme Court of the United States' ruling Thursday upholding subsidies provided through ACA.

  • Bruegger’s, Jamba Juice to open nine co-branded stores

    Dallas - Bruegger's Bagels and Jamba Juice are joining forces to open nine co-branded stores in the Midwest, East Coast and New England.

    The partnership will launch in September 2015 with six Bruegger's Bagels bakeries and three Jamba Juice stores to begin the rollout.

  • Subway names 40-year veteran as president

    Milford, Conn. - Suzanne Greco, who began her tenure with the Subway restaurant chain as a store associate in 1973, has been named president of the company. For 24 years, she led the research and development team.

    In 2012 Greco’s responsibilities expanded when she began overseeing the operations department and her responsibilities expanded again earlier in 2015 when she began overseeing the marketing department.

  • NRF survey details retailers’ $44 billion problem

    Washington, D.C. - Retailers lose billions of dollars to shoplifting, employee and vendor theft and administrative error, collectively known as inventory shrink.

    According to the National Retail Federation (NRF)/University of Florida National Retail Security Survey, inventory shrink averaged 1.38% of retail sales, or $44 billion, in 2014. (The methodology for the survey changed in 2015 and as such, NRF does not have comparable data from prior years for this year’s report.) The report was sponsored by The Retail Equation.  

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