New York City — On May 9, 2019, luxury handbag authority Rebag opened its third retail location in California and sixth brick-and-mortar location in the U.S., opening in the Westfield Santa Anita mall in Santa Anita, Calif. “When planning our retail expansion, we listen to our customers and essentially bring Rebag right into their own backyards,” says Charles Gorra, CEO and founder of Rebag. “I am particularly excited for Rebag in Westfield Santa Anita in order to expand our reach outside of the immediate Los Angeles area to a brand-conscious …
retailers
Boca Raton, Fla. — Office Depot, Inc. has promoted Richard Haas to senior vice president and chief accounting officer, effective June 14, 2019. He will report to Office Depot’s executive vice president and chief financial officer, Joseph Lower. Haas has served as the company’s vice president of tax since January 2014, providing leadership and oversight for all tax matters. Prior to joining Office Depot, he was vice president of tax for OfficeMax since 2007. “Richard has demonstrated significant accounting and tax knowledge since joining Office Depot,” says Lower. “As part …
New York City — Modell’s Sporting Goods has hired David Stern to the role of executive vice president and chief financial officer. Stern will play an intricate role in strategic planning and growth opportunities for Modell’s while overseeing the finance and information technology departments. Stern has extensive experience with retailers over the past two decades, including Destiny Maternity, Pep Boys, A.C. Moore Arts & Crafts, and Petro Services. With over 25 years of experience in the industry, Stern’s accomplishments and achievements with his past companies made him a top candidate …
Atlanta — The Home Depot has announced that Carol Tomé, chief financial officer and executive vice president of corporate services, has decided to retire on August 31, 2019 after 24 years of service to the company. She will be succeeded by Richard McPhail. “Carol is not only one of the most respected executives in corporate America and an outstanding chief financial officer, but also is beloved by The Home Depot associates,” says Craig Menear, chairman, CEO and president. “Since Carol was named our CFO in May 2001, we have delivered …
Washington, D.C. — On April 22, 2019 (Earth Day), the Environmental Investigation Agency (EIA) unveiled a new initiative identifying U.S. retailers committed to taking leadership action to reduce potent greenhouse gases used in cooling, hydrofluorocarbons (HFCs). As part of this initiative, ALDI U.S. intends to add 100 more stores in 2019 with HFC-free refrigeration systems. “In a time of acute need for leadership on climate change, the U.S. retail sector has remained a laggard in adopting climate-friendly cooling compared to their counterparts in rest of the developed world,” says Avipsa …
Fort Lauderdale, Fla. — Furniture retailer City Furniture has set the complex operational goal of becoming carbon neutral by 2040. Its 2040 Green Promise goal encompasses the company’s showrooms, warehouses and offices, its statewide delivery fleet and recycling initiatives, according to firm President Andrew Koenig. The company leads the U.S. furniture industry with 240,000 square feet of LEED-certified showroom space and is converting its delivery truck fleet to run on compressed natural gas (CNG) instead of diesel fuel. Operating the industry’s greenest fleet, Koenig’s team expects delivery of five all-electric …
Washington, D.C. — BoConcept franchise owner Tim Machenaud opened his second store in the Washington, D.C., area at Tysons Galleria on April 19, 2019. With nearly 300 locations across 60 countries, BoConcept’s latest location is a push to increase brand visibility and promote luxury, urban-chic furniture in the U.S. Already well established across Europe, Asia and Latin America, BoConcept is now looking to dominate the premium furniture retail business across North America. With 15 locations in key metropolitan areas of the U.S., BoConcept aims to double its presence in 2019 …
Beverly Hills, Calif. — Kennedy Wilson Brokerage, a division of Kennedy Wilson, a global real estate investment and services firm, has hired Scott Gordon as a senior vice president of property services in its Los Angeles office. Gordon will provide full-service consultation and brokerage services to investors, landlords, tenants, and emerging retail and food-and-beverage concepts. Gordon brings more than 30 years of national retail experience in development, leasing and management of specialized retail, entertainment and food and beverage projects of scale. Throughout his career, Gordon has overseen the creation of …
Plano, Texas — J. C. Penney Company, Inc. has appointed several senior executives to its team of retail experts. Among those joining the organization is Steve Whaley, who has been named senior vice president, principal accounting officer and controller, reporting to Bill Wafford, executive vice president, chief financial officer, effective April 29. Whaley joins JCPenney with over 35 years of accounting and audit leadership experience. He will lead the company’s accounting operations and financial reporting functions, and will have oversight over the JCPenney finance and support services teams in Salt …
Monmouth Junction and Paramus, N.J. — Two new property management assignments in Monmouth and Bergen counties reflect targeted retail-sector expansion for Cushman & Wakefield’s New Jersey Asset Services practice. The shopping centers, Heritage Square in Monmouth Junction and Paramus Junction in Paramus, add approximately 166,000 square feet to the team’s portfolio. Wasa Properties named Cushman & Wakefield to manage the 80,504-square-foot, three-building Heritage Square in Monmouth Junction. Michael Nevins and Betty Walker secured the assignment for Heritage Square, which is home to PetSmart, Bob’s Discount Furniture, Dunkin’ Donuts, Subway, Rita’s …