Industry Updates: Discount and Specialty Stores – September 2013
Advance Auto Parts Inc., announced that VP Real Estate, Randall A. Young has left the company to join The Fresh Market Inc.
Bed Bath & Beyond announced that Jeffrey W. Macak, until recently, the Vice President-Global Supply Chain, has left the company to join Family Dollar Stores.
Family Dollar Stores announced that it has hired Jeffrey W. Macak – until recently, the Vice President-Global Supply Chain for Bed Bath & Beyond – to be its new Executive Vice President–Supply Chain.
Follett Corporation has named former Dick’s Sporting Goods executive Don Germano as President and COO of the Follett Higher Education Group. He replaces Tom Christopher, who announced plans to retire.
Jo-Ann Stores has appointed Tom Williams to Senior VP of Store Operations and Human Resources, replacing Ken Haverkost. Haverkost announced his retirement as EVP of store operations, a position he held since joining the company in 2007. He will remain a part-time employee through March 2014 to assist in the transition process.
Pep Boys announced the appointment of Jim Flanagan as Chief Human Resources Officer.
QVC has promoted Alex Miller to the position of Senior VP of digital commerce and Dave Caputo to the position of Senior VP of TV Production and Operations. Miller will now be responsible for the customer experience across QVC’s web, mobile, tablet and social platforms.
Tuesday Morning has named Michael Rouleau as the company’s CEO. Rouleau, who was appointed interim chief executive in March 2013, will also continue to serve on the company’s board of directors, which he joined November 2012.
Tuesday Morning Corp. has named Jeffrey N. Boyer as Exec VP, Chief Administrative Officer and CFO. Boyer fills the chief administrative officer vacancy and replaces CFO and Executive Vice President Stephanie Bowman, who has left the company.
AutoZone, Inc. reported that net sales for the fiscal year ended August 31, 2013 were $9.1 billion, an increase of 6.3% from the prior year.
Tuesday Morning Corporation announced financial results for the fourth quarter and fiscal year ended June 30, 2013. Annual net sales increased to $838.4 million from $812.8 million.
Mergers and Acquisitions:
The Pep Boys – Manny, Moe & Jack, announced that it had acquired 17 Discount Tire Centers in Southern California from AKH Company, Inc.
Yankee Candle has been acquired by Jarden Corp. for $1.75 billion in cash from its private equity owner Madison Dearborn Partners.
Alco Stores announced that the company has moved its corporate headquarters from Abilene, Kansas, to Coppell, Texas, a suburb of Dallas.
Conn’s Inc. has opened new Conn’s HomePlus stores in Tempe, Ariz., and Houston, Texas.
OfficeMax opened the first OfficeMax Business Solutions Center in Chicago.
Tuesday Morning, one of the many retailers that lost a Tuscaloosa location during the April 2011 tornado, has reopened in the area.
Walmart Canada grand-opened a 129,000-sq.-ft. superstore in Saint John, New Brunswick, on Friday, the first of nine “Maritime Supercenters” planned for the country by Jan. 31, 2014, said the retailer.