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Sears Holdings and its creditors have reached a $175 million settlement agreement with former CEO Eddie Lampert and other investors that will clear the way for the retailer to execute its long-delayed bankruptcy plan. Lampert exited the CEO role when Sears entered bankruptcy in October 2018 and stepped down as Chairman in February 2019.
Eddy joined BJ’s in 2007 and assumed the role of EVP and CFO in 2011. Eddy also will join BJ’s Board of Directors. Laura Felice — currently SVP and Controller — has been appointed to replace Eddy as CFO. In 2018, he added Chief Administrative Officer to his title.
Macellum Advisors GP , Ancora Holdings , Legion Partners Asset Management and 4010 Capital, together with their respective affiliates, are pushing the plan. Some of the complaints included: “Poor retail execution and strategy leading to stagnant sales and declining operating margins.” in 2011 to 6.1%
After 15 years with the company, Stephanie Lundquist, Target’s former president of food and beverage, announced her plans to depart the organization earlier this year. Boylan, who joined Target in 2011, has been leading the company’s communications function since 2017. She will remain in an advisory role through spring 2021.
The apparel retailer is expanding its brick-and-mortar footprint with plans to open at least 14 new stores in 2024, bringing its store count to nearly 100. Additionally, Untuckit has officially entered the wholesale market following a pilot program with Macy’s that began in November 2023. “We
chief executive officer Todd Vasos plans to step down from his position effective November 1, the company announced on Tuesday. He will be succeeded by Jeff Owen, who has served as DG’s chief operating officer since 2019. GOODLETTSVILLE, Tenn. Dollar General Corp. Todd Vasos. Jeffrey Owen.
Mark Banister has been promoted to senior vice president, in-store experience. In this role, Banister will lead the space management, project execution and support, fixtures and supplies, and storeplanning teams. He joined DG in 2011, most recently serving as senior director of merchandising.
Marshall’s Hy-Vee career began in 1982 at the Des Moines, Iowa, Save U More, which was a former brand owned and operated by Hy-Vee. He held many retail storeoperations and management positions within Hy-Vee, and in 2006 he was promoted to assistant vice president, operations, northwestern district. Jay Marshall.
Chapter Two of the Big Show had originally been planned as an in-person event to take place in early June at New York City’s Javits Center, but the facility’s role as a COVID vaccination center made it unavailable, so it will also be a virtual event. The six-day NRF 2021 Chapter One , which will wrap up on Jan.
PayMore has kickstarted a planned 2025 expansion of its store fleet by opening 18 new locations in March. The franchise retailer, which pays cash for customers used electronics, currently operates 71 stores in the U.S., Canada and the UK, but it plans to more than double that number to 150 stores by the end of 2025.
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