Retail

Wayfair Tabs Savarese as COO

James Savarese

BOSTON-James Savarese has been promoted to chief operating officer of Wayfair, a new position for the online home furnishings retailer. Savarese is responsible for the company’s key operations functions throughout the world. He oversees sales, customer service, the supply chain, merchandise operations and third-party partner programs. He reports directly to Niraj Shah, Wayfair’s CEO andMore »

hhgregg Ups Lyons to Senior VP of E-commerce

Kevin Lyons

INDIANAPOLIS-Kevin Lyons has been promoted to senior vice president of e-commerce for specialty retailer hhgregg. Lyons, who was vice president of e-commerce, reports to Julie Lyle, hhgregg’s chief marketing officer. He joined the company in May 2013, and has since led the e-commerce team’s creation of the online development and promotional strategy. An hhgregg statementMore »

BDO: Retail CFOs Forecast 5 Percent Sales Growth in 2014

Retail CFOs Upbeat in BDO Survey About 2012 Sales

CHICAGO-U.S. retail sales will rise 5 percent and same-store sales will gain 4.8 percent this year, according to a BDO USA survey of retail chief financial officers. In a statement describing the survey results, the research firm said retail financial chiefs are feeling more confident about the state of the U.S. economy despite ongoing uncertaintyMore »

NRF: February to Bring Drop in Retail Imports

Container Port

WASHINGTON-Import volume at the nation’s major retail container ports will decrease 8.4 percent in February from the same month last year, according to the most recent Global Port Tracker Report from the National Retail Federation and Hackett Associates. February usually shapes up as the slowest month of the year, an NRF statement on the reportMore »

Home Depot Opens Direct Fulfillment Center for Online Business

Home Depot

ATLANTA-The Home Depot has opened a direct fulfillment center (DFC) to bolster its e-commerce business, one of three DFCs the home-improvement retailer plans to open over the next two years. Located in Locust Grove, Ga., the DFC will stock about 100,000 products, extending the company’s capacity of about 35,000 products in each of its stores.More »

Throgmartin to Leave hhgregg

Gregg Throgmartin

INDIANAPOLIS-Gregg Throgmartin, hhgregg’s executive vice president and chief operating officer, will leave the appliance and electronics retailer on March 31. The retailer said in a statement that the board of directors, of which Throgmartin is also a member, has accepted his resignation. The statement added that Throgmartin is exiting the company to pursue outside interestsMore »

Shopko Conducting Facebook Giveaway of Home Products

Shopko

GREEN BAY, Wis.-Beginning on Feb. 7 and extending through March 28, Shopko is offering its customers giveaways of some of its home merchandise through its Facebook page. The products that Shopko customers can enter to win include a Rachael Ray cookware set, a Dyson upright vacuum, a SodaStream soda maker, a Keurig coffeemaker, a CrockMore »

Vintage Capital Re-offers to Acquire Aaron’s

Aaron's

ATLANTA-Vintage Capital Management, a private equity firm that holds 10 percent of retailer Aaron’s common stock, has made a new offer to acquire Aaron’s. According to a letter sent by Brian Kahn, managing member of Vintage Capital, to Aaron’s board and filed with the U.S. Securities and Exchange Commission, Vintage Capital is offering to purchaseMore »