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99 Cents Only Stores Appoints Chief Financial Officer

by Katie Lee

Los Angeles — 99 Cents Only Stores LLC has appointed Periclis “Perry” Pericleous as chief financial officer, effective November 15, 2021. Pericleous, an accomplished retail executive, will be responsible for the company’s key finance functions, including accounting, financial reporting, financial planning and analysis, tax, treasury and investor relations. “99 Cents Only Stores is a growth company with a seasoned and dynamic executive leadership team,” says Barry Feld, chief executive officer of the company. “Perry’s deep expertise and success as a public company CFO, his financial acumen and his outstanding leadership …

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Advance Auto Parts Launches Carquest by Advance Store Concept

by Katie Lee

Raleigh, N.C. — Advance Auto Parts, a leading automotive aftermarket parts retailer, has unveiled ‘Carquest by Advance’ as a new retail concept under Advance’s portfolio of brands. The store model targets the emerging automotive DIY channel and is designed specifically for independent owners who receive additional operations and merchandising DIY support from Advance. Carquest by Advance stores feature interior and exterior signage, along with a core selection of DIY automotive parts and products made available by Advance. The merchandise assortment includes DieHard® batteries, America’s most trusted auto battery, which is …

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MarineMax Expands in Texas with Acquisition of Towboat Retailer

by Katie Lee

Clearwater, Fla. — MarineMax, Inc., the world’s largest recreational boat and yacht retailer, has acquired the assets of Texas MasterCraft. Texas MasterCraft is a full-service Dallas-area towboat dealer that operates primarily from two locations. The Dallas-area market is the largest towboat market in the United States. Texas MasterCraft is recognized annually as the largest MasterCraft dealer in the world. Jimmy Harvell launched Texas MasterCraft in 2001, after several years teaching as a waterski pro and working with various other Dallas-area dealerships. The dealership benefits from a private lake it owns, …

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Johnson Fitness and Wellness Acquires Gym Source Retail Stores

by Katie Lee

Cottage Grove, Wis. — Johnson Fitness and Wellness, the world’s largest specialty fitness retailer and the retail division of Johnson Health Tech, will acquire all Gym Source retail locations across the Northeast and Mid-Atlantic, including New York, New Jersey, Pennsylvania, Massachusetts, Virginia and Connecticut. The acquisition of Gym Source locations — which will be folded under the Johnson Fitness and Wellness brand — increases the number of Johnson Fitness and Wellness retail stores to 100 in the U.S. and 365 stores globally. Gym Source will continue to operate as a …

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Boot Barn Appoints New Chief Financial Officer

by Katie Lee

Irvine, Calif. — Boot Barn Holdings, Inc. has appointed a new chief financial officer, Jim Watkins, effective November 1, 2021. Watkins has worked at Boot Barn in a variety of roles since October 2014, most recently as the company’s senior vice president, finance and investor relations. Prior to joining Boot Barn, Watkins was the vice president, corporate controller and principal accounting officer of Mindspeed Technologies, a publicly traded semiconductor company. Greg Hackman will continue as Boot Barn’s executive vice president and chief operating officer. Hackman joined Boot Barn in 2015 …

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Levi Strauss & Co. Makes Management Changes

by Katie Lee

San Francisco — Levi Strauss & Co. has made a change of leadership in its commercial organization. Sanjeev Mohanty, senior vice president and managing director of South Asia-Middle East and Africa for Levi Strauss & Co. (LS&Co.), will become the senior vice president and managing director for U.S. and Canada — the company’s largest and most complex commercial operations cluster, spanning all brands and channels. Mohanty is a veteran retailer and apparel executive who has held roles with a number of global brands over the span of his career, including …

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Fresh Thyme Market to Open New Concept Store in St. Louis

by Katie Lee

Downers Grove, Ill. — Fresh Thyme Market, a full-service specialty retailer with 70 stores in 10 states throughout the Midwest, will open a new concept store on Nov. 10 at City Foundry in St. Louis. The Fresh Thyme Market at City Foundry STL store will be located at 3701 Foundry Way. “We’re thrilled to finally announce when we’ll be opening our doors and welcoming the St. Louis community to our beautiful new flagship store,” says Jane Wilcox, store director. “Our team provides shoppers with an unparalleled grocery experience from the …

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JCPenney Welcomes New CEO

by Katie Lee

Lewisville, Texas — Texas — JCPenney has appointed Marc Rosen as chief executive officer, effective Nov. 1, 2021. Stanley Shashoua, Simon’s chief investment officer, has been appointed as executive chairman of the board of directors after serving as interim CEO of JCPenney since January. “Marc joins JCPenney following a year of focused work to stabilize the business, improve financials and position the retailer for long term success,” says Shashoua. “Working with the phenomenal and dedicated JCPenney team as CEO has been immensely rewarding, and I look forward to my next …

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The Home Depot Names EVP, Supply Chain and Product Development

by Katie Lee

Atlanta — The Home Depot has named John Deaton executive vice president of supply chain and product development, effective November 1, 2021. He replaces Mark Holifield, who has accepted a role as CEO of a U.S.-based last-mile delivery firm after 15 years with the company. Deaton, a 14-year veteran of the company, brings a wealth of experience after serving in several company leadership roles in supply chain, product development and, most recently, retail operations. Deaton has been an instrumental leader in the supply chain transformation throughout his tenure with the …

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Batteries Plus Signs 8-Unit Deal in Atlanta Area

by Katie Lee

Atlanta — Batteries Plus, the nation’s largest and fastest-growing battery, light bulb, key fob and repair franchise, has signed an eight-unit deal in the Atlanta area. The deal consists of four brand new and four resale locations, in and around Atlanta and Athens, Ga. Behind the purchase is Equicorp Partners, LLC, an Atlanta-based, multi-unit franchise developer and private investment and advisement office. The partnership boasts 30 years of experience in the management space for both startups and legacy brands, including Arby’s, City Barbeque and Café Rio. Equicorp Partners, LLC was …

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