Retail News Breaks Archives

Week of Mon, Jan 7th, 2013

Walmart shifts leaders in U.S. Merchandising

Walmart is promoting a number of executives within its U.S. merchandising organization.
The moves, effective on February 1, include the appointment of John Aden as executive vice president of merchandise services.

Supervalu sheds five banners, names new CEO

Supervalu Inc. has signed a definitive agreement by which it will sell five of its retail banners to an investor consortium for $3.3 billion. The company has also named Sam Duncan president and chief executive officer and Bob Miller non-executive chairman.

Jim Trappani joins Family Dollar as VP of HBA

Family Dollar Stores Inc. has named Jim Trappani vice president of health and beauty aids.

Sears CEO D’Ambrosio to step down in February

Sears Holdings Corp. has announced that Lou D’Ambrosio will step down as chief executive officer due to family health matters effective February 2, which marks the end of the company’s fiscal year. Chairman Edward Lampert will add the role of CEO to his current duties at that point.