Management
January 31, 2011
Men's Wearhouse said its President and COO, Douglas Ewert, will replace company founder George Zimmer as CEO in mid-2011. Zimmer, 62, who founded Men's Wearhouse in 1973, will remain executive chairman of the board.
January 28, 2011
Ultimate Electronics, the operator of 46 home entertainment and electronics stores, filed for bankruptcy citing decreased sales at certain locations and refusal of some suppliers to ship goods on credit.
January 28, 2011
Payless ShoeSource announced that Vincent DeSantis has been promoted to senior vice president and chief marketing officer for Payless, reporting to LuAnn Via, CEO of Payless. In his role, DeSantis will be responsible for all marketing and branding initiatives for the retailer.
January 26, 2011
Lowe's is laying off about 1,700 middle managers across the U.S. The news comes as home improvement chains focus on cutting costs to tackle tepid demand for expensive renovations in a slowly recovering U.S. economy.
January 26, 2011
The Bon-Ton Stores said it's extended President and CEO Bud Bergren's contract through Feb. 5, 2012, and has promoted Barbara Schrantz to COO. Under the newly announced agreement, Bergren's contract will automatically renew annually, unless the board chooses otherwise. Schrantz will assume the role of COO on Jan. 30. She is currently executive VP sales promotion and marketing.
January 26, 2011
Some companies pamper shoppers with swift and attentive customer service. At other places, you can't find anyone who has a clue about how to resolve your complaint.
January 25, 2011
CVS Caremark said Larry Merlo will succeed Thomas M. Ryan as CEO on March 1 as part of its previously announced succession strategy. The company announced in May that Merlo would take the position as Ryan approaches retirement.
January 25, 2011
Coldwater Creek announced that Jill Brown Dean has been appointed president and chief merchandising officer, effective Feb. 14. She succeeds Georgia Shonk Simmons, who announced her intention to retire.
January 24, 2011
Retailer Coach has now seen two of its design executives split at the seams and leave for New York & Company. The latest to jump ship: Coach's Executive Vice President Of Design David Witkewicz.
January 21, 2011
Lowe's said that Executive Vice President and Chief Information Officer Steven Stone is leaving the company in order to pursue other interests. Lowe’s has named Michael Brown, executive vice president of store operations and Lowes.com, as Stone’s successor. Brown will report to chairman and CEO Robert Niblock.
