Retail

Stone to Retire from Lowe’s

Stone to Retire from Lowe’s

MOORESVILLE, N.C.–Larry D. Stone, president and chief operating officer of Lowe’s, will retire on June 2. In his more than four-decade career with the home-improvement retailer, Stone served in a variety of executive posts in store operations, merchandising and store environment. A Lowe’s statement said the company will not fill his positions after his retirement.More »

Consumer Confidence Gets a January Bounce

Consumer Confidence Gets a January Bounce

NEW YORK—After falling off in December, the consumer confidence index picked up 7.3 points in January to finish at 60.6. According to The Conference Board, which provides the monthly indicator, the index got boosts from both of its components, present situation and expectations. The present-situation index increased 6.1 points to 31.0, and the expectations indexMore »

Bon-Ton Extends Bergren Contract, Promotes Schrantz to COO

Bon-Ton Extends Bergren Contract, Promotes Schrantz to COO

YORK, Pa.–The Bon-Ton Stores has extended the contract of President and Chief Executive Officer Bud Bergren through Feb. 12, 2012, according to the company. Bergren’s contract will automatically renew for successive periods of one year. Subsequent to his term as president and CEO, Bergren will continue as director and, at the company’s election, will alsoMore »

Gracious Home Appoints Amanda Mettler Goodrich Creative Director

Gracious Home Appoints Amanda Mettler Goodrich Creative Director

NEW YORK-Gracious Home has appointed Amanda Mettler Goodrich to the new position of creative director and director of product innovation and private brands strategy and execution. A four-year veteran of Gracious Home, she previously was senior buyer for all soft goods, scents and fragrances, kids, baby and pet products. Mettler Goodrich, who reports to JordanMore »

J.C. Penney to Close Underperforming Stores, Catalog

J.C. Penney to Close Underperforming Stores, Catalog

PLANO, Texas–J.C. Penney will close five underperforming stores, “wind down” its catalog and outlet operations and streamline both its call center operations and custom decorating business in an effort to focus on growth opportunities in the future, the company said this morning. “We are focused on increasing profitability and accelerating our growth,” said Myron E.More »

CVS Names Merlo CEO

CVS Names Merlo CEO

WOONSOCKET, R.I.–Larry Merlo, president and chief operating officer of CVS Caremark, will assume the role of chief executive officer, effective March 1, 2011, the company said this morning. Thomas M. Ryan will remain non-executive chairman until his retirement this May. “Since we announced our transition plan in May of last year Larry and I haveMore »

Retailers Set for Expansion in 2011, Says NRF-KPMG Report

Retailers Set for Expansion in 2011, Says NRF-KPMG Report

WASHINGTON—U.S. retailers will make 2011 a year of expansion in their store counts both domestically and overseas, according to a report from the National Retail Federation’s NRF Foundation and KPMG, the tax, audit and advisory firm. In the report’s survey of 318 retail executives, 41 percent of the participants said they plan to expand inMore »

Watts Named CEO of QVC U.S.

Watts Named CEO of QVC U.S.

WEST CHESTER, Pa.—Claire Watts, QVC’s president of U.S. commerce, has been promoted to the newly created position of chief executive officer, U.S., of QVC. In her new role, Watts is responsible for the overall strategy and operations of QVC’s U.S. business—including the customer-fulfillment services team, the customer service and distribution departments—and oversees teams responsible forMore »