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Saks COO to Become CEO of Online HVAC and Industrial Retailer Voomi Supply

by Katie Lee

Philadelphia — Voomi Supply, a fast-growing e-commerce retailer of HVAC, plumbing, electrical and industrial supplies, has named RJ Cilley as its new chief executive officer. Cilley’s appointment at Voomi marks a significant milestone for the company as it continues to expand its market presence and technological capabilities. Cilley previously served as the chief operating officer at Saks, where he was an integral part of the executive leadership team; while at Saks, he significantly contributed to the re-platforming of www.Saks.com, the launch of its marketplace and spearheading significant advancements through the …

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British Brand NEOM Wellbeing Opens First U.S. Store

by Katie Lee

New York City — NEOM Wellbeing, the UK’s award-winning wellbeing brand renowned for its 100% natural fragrances, has officially opened its first U.S. retail store in New York City. The debut “Wellbeing Hub” is located on Bleecker Street in the West Village. Expanding from its UK roots, as well as across a portfolio of freestanding Wellbeing Hubs, the British-born brand will add the ‘city that never sleeps’ to its growing roster. The 481-square-foot Wellbeing Hub, located at 395 Bleecker St., has been designed as a sanctuary to escape the city, …

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Five Below, Inc. Announces CEO Transition

by Katie Lee

Philadelphia — Extreme value retailer Five Below, Inc. has appointed Kenneth Bull as interim president and chief executive officer, effective immediately, following the resignation of Joel Anderson. Anderson has stepped down from his roles of president and CEO, and from the board of directors, to pursue other interests. Thomas Vellios, co-founder, non-executive chairman and former CEO, is assuming the role of executive chairman on an interim basis to support Bull and the executive leadership team in the transition while the board conducts a comprehensive search for a permanent CEO. “I …

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JOANN Appoints Ann Aber Executive Vice President, Chief Legal and HR Officer 

by Hayden Spiess

Hudson, Ohio — Ohio-based retailer JOANN has appointed Ann Aber as executive vice president and chief legal and human resources officer. Aber joined the company in 2019 as vice president, general counsel and secretary and was promoted to senior vice president in 2021. In addition to her existing responsibilities, she will now oversee human resources and corporate communications for JOANN. Aber will also be responsible for the brand’s risk management, charitable giving, diversity and inclusion and corporate responsibility functions. 

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Ace Hardware Opens 5,000th US Store in Metro Atlanta

by Hayden Spiess

Roswell, Ga. — Hardware retail chain Ace Hardware has opened its 5,000th domestic store. Dubbed Fixit Ace Hardware, the store is located in Roswell, roughly 20 miles north of Atlanta. Additionally, the retailer opened its 100th new store of the year in Henderson, Nevada, last month. Ace, which operates more than 5,800 outposts globally, plans to open an additional 200 stores by the end of this year, which marks 100 years of business for the brand.

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Burberry
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Joshua Schulman Replaces Jonathan Akeroyd as CEO of Burberry

by Hayden Spiess

London — Joshua Schulman has been appointed to replace Jonathan Akeroyd as the chief executive officer of London-based luxury retail brand Burberry.  Schulman will assume his new role on July 17, leading the executive committee and reporting to Chair Gerry Murphy and the Board of Directors.  Akeroyd’s departure comes following the publication of the company’s earnings release earlier this week. In the press release issued by Burberry, the brand’s first quarter performance is described as “disappointing” by Murphy, with sales declining 20 percent on a year-over-year basis.  CNN reports that Burberry has …

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Stop&Shop
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Stop & Shop to Close 32 Stores in the Northeast

by Hayden Spiess

Quincy, Mass. — Stop & Shop, a grocery store chain based in the Boston suburb of Quincy, has announced plans to close 32 locations by the end of this year.  Situated throughout the Northeast, the stores — described in a press release as “underperforming” — are located in Connecticut, Massachusetts, New Jersey, New York and Rhode Island. According to the grocer, the affected stores will shutter on or before Nov. 2. Associates at the locations will be offered other employment within the company.  “As we announced in May, Stop & …

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Big Lots to Close 35 to 40 Stores in 2024

by Katie Lee

Columbus, Ohio — Discount retailer Big Lots plans to close 35 to 40 stores this year, according to an SEC filing submitted by the company. Big Lots saw a 10.2% year-over-year decrease in net sales in the first quarter of 2024. “While we made substantial progress on improving our business operations in Q1, we missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high-ticket discretionary items,” says Bruce Thorn, president and CEO of Big Lots. “We remain focused on managing …

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Saks Fifth Avenue Parent Company Agrees to Acquire Neiman Marcus for $2.6 Billion

by Katie Lee

New York City and Dallas — HBC, the New York City-based parent company of Saks Fifth Avenue, has agreed to acquire Dallas-based Neiman Marcus Group. The merger between the two luxury fashion retailers is valued at $2.6 billion. An estimated closing date was not released. Following the acquisition, HBC will establish Saks Global, an entity that will combine the intellectual property and real estate assets of the two companies. Brands that are already owned by HBC or Neiman Marcus, including Saks OFF 5th, Bergdorf Goodman and Last Call Outlet, will …

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Bob’s Stores to Close All 21 Remaining Locations After 70 Years in Business

by Katie Lee

Meriden, Conn. — Bob’s Stores is closing all locations and liquidating its inventory as part of the Chapter 11 bankruptcy restructuring petition filed on June 18. The Meriden, Conn.-based clothing retailer, which is a subsidiary of GoDigital Media Group, was unable to secure the financing needed to maintain operations. Bob’s began going-out-of-business sales in stores on June 28 with discounts of 30% to 70% off merchandise. Hilco Merchant Resources, in a joint venture with Gordon Brothers, is managing the liquidation event that includes all 21 remaining stores throughout Connecticut, Massachusetts, …

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