Aetrex, Englewood, N.J.
Comfort and wellness-footwear products manufacturer Aetrex Worldwide has opened its first retail store, in Englewood, N.J. Designed by Gensler, the store has an upscale look, and combines the latest in technology with eye-catching graphics, high-end millwork and a fitting areas shaped like the company’s corporate logo.
The 2,400-sq.-ft. shop features Aetrex’s patented digital foot-scanning technology, called iStep Wave, which combines digital scanners and pressure sensors to accurately measure foot size and determine arch type and pressure points in less than 30 seconds. Once scanned, the iStep custom selects footwear and orthotic styles for each shopper’s individual needs.
In the store, customers can also interact with one of two "Magic Tables" powered by Microsoft Surface Technology. Using the innovative touch-screen technology, customers can learn about Aetrex products by placing the shoe on the graphical interface and watching the table reveal its features and benefits in an animated fashion.
To streamline the purchase process, the store employs the latest mobile POS technology from Apple. With a barcode scan, the handheld mobile device checks for inventory and allows customers to pay for their purchase with a credit card swipe while an electronic receipt is sent to their email.
HanesBrand CFO seeks opportunities elsewhere
WINSTON-SALEM, N.C. — HanesBrands announced that CFO E. Lee Wyatt has resigned effective June 30 and current controller and chief accounting officer Dale Boyles will serve as interim CFO while the company conducts a search to fill the position.
Wyatt, 58, who joined HanesBrands before its 2006 spinoff to oversee the development of the company’s financial, accounting, and external reporting capabilities, is leaving the company to seek similar opportunities, according to HanesBrands.
“Lee Wyatt built a strong finance organization at HanesBrands with a deep bench of professionals who have helped us revamp our cost structure, create a flexible capital structure and develop a sustainable growth platform,” said Hanes chairman and CEO Richard Noll. “Lee is leaving us in great shape, and we are thankful for his contributions to our achievements and wish him much additional success in his future endeavors.”
Boyles, 50, joined HanesBrands as controller and chief accounting officer in September 2006 from KPMG, where he was an audit partner and led the KPMG team that helped prepare HanesBrands for its spinoff. Boyles is a certified public accountant and has expertise in public company auditing, merger and acquisition transactions, and Securities and Exchange Commission accounting and reporting requirements.
Organic growth best for increasing market share
Organic growth initiatives come out on top (46%) when it comes to how to increase market share, followed by a mix of organic growth and M&A (22%) and primarily M&A (22%), according to a survey of 152 senior financial executives of global retail companies by KPMG International.
Forty-four percent of the retail executives believe that it is "very likely" that their companies will enter new geographic markets in 2011. As to how they will expand, 53% said by opening new stores, 39% said through additional distribution channels (including online), and 21% said through mergers and acquisitions.