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OPERATIONS / SUPPLY CHAIN

  • Wal-Mart creates new position to oversee alternative formats

    Bentonville, Ark. -- Wal-Mart Stores Inc. said Friday it has created a new executive position to oversee new store formats in international markets.
     
    Lev Khasis, who joined the company in 2011 after working in Russian retail, was named president and CEO of new formats for Wal-Mart International. He built up Russia’s largest food retailer X5 through acquisitions into a market leader before resigning to join Wal-Mart Stores.
     

  • Burd resigns as Safeway chairman, CEO

    New York -- The hunt is on for a new chief executive at Safeway following the resignation of longtime chairman and CEO Steve Burd.

    Burd, 62, is scheduled to retire at the company’s annual stockholders meeting on May 14 and will aid in the search of his successor that is said to include internal and external candidates. Burd joined Safeway in October 1992 as president and was appointed CEO in May of the following year.

  • Consumer confidence rises on hiring advance

    Washington, D.C. -- A report released Thursday by Bloomberg showed that consumer sentiment climbed last week and U.S. companies added more workers than projected in December.

    The Bloomberg Consumer Comfort Index rose to minus 31.8 in the period ended Dec. 30, its highest since April, from minus 32.1 a week earlier, according to the report. Figures from the ADP Research Institute showed a 215,000 increase in employment, the largest since February, while the Labor Department said more Americans filed claims for jobless benefits last week.

  • Two Best Buy directors resign

    New York -- Two directors of Best Buy Co.  have resigned from the board of the retailer, the company disclosed in a regulatory filing Monday, the Wall Street Journal reported.

    G. "Mike" Mikan, who served as Best Buy's interim CEO in the wake of CEO Brian Dunn’s resignation last April, has left the board to become president of ESL Investments Inc., the hedge fund run by Sears’ Edward Lampert. Mikan, whose appointment is effective Jan. 1, will report to Lampert, the firm said today in a statement.

  • Nordstrom Rack to make Maine debut

    Seattle -- Nordstrom announced plans to open a Nordstrom Rack in South Portland, Maine.

    The approximately 30,000-sq.-ft. store is scheduled to open this spring at Maine Crossing Shopping Center and will be the retailer's first location in the state. It will occupy the former Old Navy space. 

  • Epson American announces passing of retail tech veteran Barry Wise

    Long Beach, Calif. -- Epson America announced that Barry Wise, a long-time Epson consultant and retail industry leader, passed away on December 28, 2012.

    "Barry was a one-of-a kind visionary who made an indelible mark in the retail technology industry," said Mike Helm, director of sales for Epson's business systems division and long time colleague of Wise. "Barry was passionate and insightful about how technology could make a difference to retailers. Epson has lost a dear friend and a valuable partner.

  • RILA comments on employer health care regulations

    Arlington, Va. -- The Retail Industry Leaders Association (RILA) issued the following statement in response to the Affordable Care Act (ACA) employer mandate proposed rules filed Wednesday in the Federal Register.

  • Survey tracks top holiday retailers based on in-store traffic

    Seattle -- The weekend before Christmas ranked as the busiest shopping period in December by in-store visits to top retailers, with Super Saturday ranking among the three busiest shopping days for Walmart, Target, Toys ‘R’ Us, Macy’s and Kohl’s, according to Placed.

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