Mooresville, NC — Lowe’s Companies, Inc. plans to restructure its store operations and merchandising organizations to improve efficiencies and enhance the shopping experience.
New York City — Saks Incorporated’s Saks Fifth Avenue OFF 5TH plans to continue to expand the company’s store portfolio with five new stores planned for 2012.
Topeka, KS — Collective Brands, Inc. will close approximately 475 under-performing stores in the next 3 years; 300 of these stores will close by year end.
San Francisco — Gap Inc. has released its Social and Environmental Responsibility Report, committing to cut greenhouse gas emissions and reduce electricity consumption in its distribution centers.
Woonsocket, RI — CVS Caremark has named Mark S. Cosby as president of CVS/pharmacy effective October 1, 2011. He joins CVS from Macy’s, where he served as president of stores.
Indianapolis — hhgregg will open 14 new stores in the Chicago area on September 15. With the opening of these new stores, Chicago will become hhgregg’s newest and largest market.
Stamford, CT — Brothers Shep and Ian Murray, CEOs and co-founders of vineyard vines®, plan to open four new retail stores in November 2011, bringing the retailer’s total store count to 20.