Aeropostale Extends CEO Contract to 2011
New York City Aeropostale Inc. said Thursday it extended its employment contract with chairman and CEO Julian R. Geiger until Jan. 31, 2011.
In a filing with the Securities and Exchange Commission, Aeropostale said it will pay Geiger a base salary of $1 million per year, with eligibility for an annual bonus capped at $3 million.
Costco looks to open down under in ’09
BELLEVUE, Wash. Costco plans to open its first store in Australia in 2009 and is currently looking at sites for its first store down under.
At its annual shareholders meeting in Bellevue, Wash. on Jan. 29, Costco chairman of the board Jeffrey Brotman said Costco plans to “open in Australia sometime next year” when asked about the chain’s plans for international expansion.
Costco evp and cfo Richard Galanti later confirmed that Costco is searching for sites in Sydney, Brisbane and Melbourne. “We’re looking at opening there in 2009 if everything goes as expected,” said Galanti.
But Costco is still not ready to entertain a move into China. Brotman said Costco has been looking at China for years and said it’s, “still undecided, though we’re taking a hard look at it.”
During his presentation, ceo Jim Sinegal said Costco continued to push eco-friendly ideas in stores last year. He said Costco increased the number of stores powered by solar energy to 13 and that the company is considering solar panels for 25 more locations.
Sinegal also confirmed the 531-store chain plans to open 29 new stores this year and estimates Costco could eventually open 1,025 stores worldwide with more than 700 warehouses in the U.S.
Giant Food Stores names head nutritionist
Carlisle, Pa. Giant Food Stores has hired Sylvia Emberger, R.D., L.D.N., as its corporate nutritionist, the company announced today.
Emberger will help set the strategic direction for Giant’s health and wellness programming and overseeing Giant and Martin’s in-store nutritionists. Emberger reports to Shirley Axe, acting manager for health and wellness.
Emberger most recently worked for The Hershey Company in the Hershey Center for Health and Nutrition where she focused on nutrition labeling and nutrition profiling of products. She also served as a lead dietitian for Messiah Village, a long term care facility, she was responsible for developing systems to track the nutritional status of nursing home and rehab residents.