retailers

Bloomingdale’s Promotes GMM to Chief Merchant

by Katie Lee March 27, 2023

New York City — According to Tony Spring, Bloomingdale’s chairman and CEO, Denise Magid has been promoted to the newly created role of chief merchandising officer. She will report to Spring and will drive the strategic direction and performance of all Bloomingdale’s merchandising initiatives. The creation of the chief merchant role is a historic step for Bloomingdale’s and allows the brand to build on the momentum coming off its strong 2022 performance and its 150th anniversary celebration. “We are confident that Denise’s vision and leadership will continue to strengthen our …

March 27, 2023

News retailers

Foot Locker to Close More Than 400 Stores

by Katie Lee March 23, 2023

New York City — Foot Locker will close more than 400 underperforming stores as part of its “Lace Up” plan, announced during the company’s 2023 Investor Day call. According to Tony Aversa, senior vice president of global store development, the move is part of a strategy to manage portfolio risk by way of strategic closures. The company currently operates 2,700 locations, which will be reduced to approximately 2,400 by 2026, a number which also reflects the planned addition of stores in new formats. Despite the closures, Foot Locker intends to …

March 23, 2023

Cover Story franchise development retailers

Unlimited Access

by Katie Lee March 22, 2023

— By Hayden Spiess — Wild Birds Unlimited offers backyard bird feeding retail for an increasingly diverse customer base, with a growing flock of franchised locations. Jim Carpenter’s aspirations were not always avian in nature. The founder and CEO of Wild Birds Unlimited originally had his sights set on medical school. However, in 1981 he pivoted, opening the first Wild Birds Unlimited store in Indianapolis, driven by a passion for nature and birding. This same passion unites Wild Bird Unlimited store owners, managers and customers across the …

March 22, 2023

News retailers

Kohl’s Unveils Locations of 250 New Sephora at Kohl’s Opening This Year

by Katie Lee March 22, 2023

Milwaukee, Wis. — Kohl’s has unveiled the 250 stores that will be adding a full-sized, 2,500-square-foot Sephora at Kohl’s experience in 2023. The addition of 250 new locations brings the total Sephora at Kohl’s fleet to more than 850, achieving the partnership’s initial planned goal of the Sephora at Kohl’s rollout. “We are making great strides in building a formidable beauty business with the addition of Sephora at Kohl’s,” says Karen Daoust, Kohl’s senior vice president, general manager, Sephora at Kohl’s. “The completion of our 850 stores in 2023 is …

March 22, 2023

News people retailers

rue21 Appoints Chief Executive Officer

by Katie Lee March 21, 2023

Warrendale, Pa. — rue21, a leading American specialty retailer, has named Josh Burris as its chief executive officer and member of the board. Burris replaces Bill Brand, who announced in March 2023 his intention to step down as CEO. “I’m honored to be joining rue21 as CEO,” says Burris. “As a brand, rue21 serves the most vibrant and fastest-growing segments focused on affordable fashion that’s accessible to all, making it well positioned for growth. I’ve dedicated my career to building retail brands centered around the consumer and am excited to …

March 21, 2023

News people retailers

Shoe Carnival Names New EVP, Chief Financial Officer

by Katie Lee March 20, 2023

Evansville, Ind. — Shoe Carnival, Inc., a leading retailer of footwear and accessories, has appointed Erik Gast as the company’s executive vice president, chief financial officer, effective April 24, 2023. Gast succeeds W. Kerry Jackson, who will be retiring after a 35-year career with the company. Bringing over 30 years of finance experience with both private and public companies, Gast will join the company from Fleet Farm Group, LLC, where he has been the executive vice president & chief financial officer since 2020. Prior to that position, he held numerous …

March 20, 2023

franchise development News retailers

Fast-Growing Australian Fitness Brand, Fitstop, to Debut in U.S.

by Katie Lee March 20, 2023

Santa Monica, Calif. — Named the fastest-growing Australian fitness brand with more than 200 worldwide locations open or coming soon, Fitstop will officially launch its entry into the U.S. market this year. This May, Santa Monica, Calif., will become home to the first U.S. location of Fitstop, with plans to open 10 U.S. locations by the end of the year. “Fitstop’s entrance into the U.S. fitness market marks a major milestone for our brand and we look forward to helping as many people as possible to move more to live …

March 20, 2023

green news News retailers

7-Eleven, Inc. Launches New EV Charging Network: 7Charge

by Katie Lee March 16, 2023

Irving, Texas — 7-Eleven, Inc. has launched 7Charge, a new proprietary EV charging network and app that delivers a convenient and reliable fast-charging experience at select 7-Eleven® stores in the U.S., and coming soon to Canada. 7Charge is already delivering fast-charging services to customers in several locations in Florida, Texas, Colorado and California. Once the network’s expansion is complete, 7-Eleven will have one of the largest and most compatible fast-charging networks of any retailer in North America. The 7Charge network will offer EV drivers 7-Eleven’s trademark convenience and accessibility. 7Charge …

March 16, 2023

News people retailers

The Home Depot Names EVP of Merchandising

by Katie Lee March 15, 2023

Atlanta — The Home Depot has named William “Billy” Bastek as executive vice president of merchandising, effective immediately. He is a 33-year veteran of The Home Depot and brings tremendous experience to the role, having served in several leadership positions across the merchandising organization. Most recently, Bastek was senior vice president of hardlines, where he was responsible for merchandising and marketing strategies for the hardware and garden departments. Prior to that role, he was merchandising vice president (MVP) of hardware and tools, where he oversaw the growth and transformation of …

March 15, 2023

News people retailers

Five Below Promotes CFO to COO

by Katie Lee March 15, 2023

Philadelphia — Five Below, Inc. has promoted Kenneth Bull, chief financial officer and treasurer, to the role of chief operating officer. The company will conduct a search for a new chief financial officer, and Bull will continue to serve in this role until a new CFO is appointed. “During his 17-year tenure with Five Below, including 11 years as chief financial officer, Ken deftly led our 2012 transition into a public company, successfully developed our finance function and team, and instilled a culture of discipline across the organization with an …

March 15, 2023

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