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