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Home Depot Strengthens Pro Offerings with 4 New Distribution Centers

Retail TouchPoints

Other recent moves by the company to better serve pro customers include: In October 2022 the retailer established a marketplace designed to connect skilled tradespeople with hiring trade professionals; Home Depot gave Senior Executive VP Ann-Marie Campbell responsibility for outside pro sales efforts in October 2023 ; and In January 2023 Home Depot (..)

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Chico’s Appoints Company Veteran as New CFO

Retail TouchPoints

Oliver has been with Chico’s since 2012 and served in multiple roles, including VP – Finance and Controller and Interim CFO and SVP – Controller. Chico’s FAS has appointed David Oliver, SVP – Finance, Controller and Chief Accounting Officer, to the role of EVP – CFO and Chief Accounting Officer, effective June 24, 2023.

Finance 246
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Sears Hometown Files for Chapter 11, Citing Lack of Inventory and Heavy Liabilities

Retail TouchPoints

Sears Hometown itself was spun off from the main company in 2012. The average Sears Hometown store is 8,000 to 10,000 square feet , compared to 160,000 square feet for a traditional Sears store.

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Olympia Sports Files for Bankruptcy, Plans to Close Remaining Stores by Sept. 30

Retail TouchPoints

Currently, the retailer sells exclusively through its remaining physical stores following a late entry into the ecommerce space that began in 2018 and ended in April 2022. In that same month, Olympia decided to liquidate 22 of its stores, and in July 2022 the company made the decision to close the rest of its locations.

Planning 284
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Five Below Appoints New COO to Help it Pursue Triple Double Growth Plan

Retail TouchPoints

Bull has been with Five Below for 17 years and has held the CFO and Treasurer positions since 2012. Five Below also will upgrade 400 existing locations to its higher-priced Five Beyond format in fiscal 2023, which will help it achieve its margin growth goals.

Planning 272
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FTC Imposes 5-Year Ban on Rite Aid’s ‘Reckless’ Use of AI-Based Facial Recognition

Retail TouchPoints

The Federal Trade Commission (FTC) has prohibited Rite Aid from using facial recognition technology in its stores, claiming the retailer failed to implement reasonable security procedures and prevent harm to consumers.

Consumer 260
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L Brands Names New CEO of Victoria’s Secret Lingerie, Appoints Three Other Leaders

Retail TouchPoints

She was with L Brands from 2008 to 2012 as the Head of Design for Victoria’s Secret Lingerie and founded UK-based lingerie brand Knickerbox earlier in her career. Behringer has been with Victoria’s Secret since 2002, most recently as SVP of Store Operations, where she oversaw the company’s response to the COVID-19 pandemic.