Management

The Goochland County-based retailer filed for Chapter 11 bankruptcy protection last December. It's asked a federal bankruptcy court judge to approve the asset sale. The auction would be held June 25. RoomStore President and CEO Stephen Giordano tells the Richmond Times-Dispatch that the company is being offered for sale as a whole or in parts. Bid packages were sent to potential buyers last week.

Macy's has invested in the future of America by hiring more than 1,000 college and university students for its Executive Development Program (EDP) and for summer internships nationwide. The hires include 730 new college graduates for full-time EDP positions, which is an entry-level step in building a career as an executive with the company. In addition, 326 college students — primarily those between their junior and senior years — have joined Macy's and Bloomingdale's as interns in stores, merchandising, private brand development, dot-com, information technology, logistics, credit and corporate services functions. 

Tuesday Morning Corp. has ushered out its current CEO and is on the hunt for a new one, the discount retailer said Wednesday. It also announced several other management changes and lowered its guidance, which sent its shares plunging in after-hours trading.The company said that it relieved Kathleen Mason of her duties as president and CEO on Tuesday. She was appointed to the post in 2000.Michael Marchetti, 55, who is its executive vice president and chief operating officer, was promoted to president and chief operating officer. He will also serve as interim CEO.

Claire’s Stores Inc. has named James D. Fielding, former president of Disney Stores Worldwide, as CEO, effective June 18, 2012. Fielding, who resigned from Disney on Monday, will also join Claire’s board of directors. “I look forward to capitalizing on the many growth initiatives available to the company, including new stores, development of the Icing concept, continued international expansion in markets such as Mexico, India and China, and optimization of e-commerce,” Fielding said in a statement. 

WellPoint Inc., the second-biggest U.S. health plan, will acquire eyeglass and contact-lens retailer 1-800 Contacts to expand its consumer offerings as more people buy their own medical insurance.

The Boston-based private equity firm Thomas H. Lee Partners has agreed to acquire a majority stake in Party City Holdings Inc., Rockaway, N.J., in a deal valued at $2.69 billion.

Eddie Bauer announced that Michael R. Egeck has been named its President and Chief Executive Officer. Egeck was most recently CEO of Hurley International LLC, a leading marketer of action sports and youth lifestyle apparel, and a division of Nike, Inc. David Chamberlain, Executive Chairman of Eddie Bauer who has served as Interim CEO since February, will remain a member of the companys board of directors. 

Brooks Brothers Group and Reliance Brands Limited announced Tuesday the formation of a joint venture company in India. Reliance Brands, a division of Reliance Industries Group, will use its local connections to bring the American brand to India.

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