OPERATIONS

American Eagle opens San Fran omni-channel development office

BY Dan Berthiaume

Pittsburgh – American Eagle is opening what it calls a “progressive technology” office in San Francisco. The almost 10,000-squ.-ft. office, located at 49 Stevenson Street, will offer a space for engineers, designers and digital marketing teams to work on American Eagle’s omni-channel initiatives.

“We are investing heavily in the top talent San Francisco and the Bay Area has to offer and recognize the strategic value of being close to our technology partners in the area,” said Joe Megibow, senior VP and GM of omni-channel e-commerce and head of the San Francisco office. “We try to put the customer at the center of everything we do, and are committed to leveraging best-in-class technology that provides our customers with a superior shopping experience now and in the years to come.”

The office, American Eagle’s first in San Francisco, will start with more than a dozen employees and hire as many as 100 more in the next 12 months.

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FINANCE

Supervalu appoints OfficeMax exec as CFO

BY Dan Berthiaume

Eden Prairie, Minn. — Supervalu has named Bruce Besanko as the company’s executive VP and CFO, effective Aug. 7. Besanko joins Supervalu after serving as executive VP of finance, CFO and CAO for OfficeMax since 2009.

“I’m very excited to welcome Bruce to Supervalu,” said Sam Duncan, president and CEO. “Having worked with him during a successful turnaround at OfficeMax, I know firsthand of his talent, financial acumen, commitment to success and overall work ethic – all of which will be critical as we continue our rebuilding efforts here at Supervalu.”

Besanko follows current executive VP and CFO Sherry Smith, who has held the role since 2010. Smith will continue in her role as CFO until Aug. 6 and her last day with the company will be Aug. 9. Smith reportedly received a $300,000 retainer to stay with Supervalu two months longer than her previously scheduled departure date to let the company continue searching for her replacement and is leaving as part of an executive shakeup.

Prior to his work at OfficeMax, Besanko served as VP of finance and CFO for Circuit City Stores Inc. from 2007-2009, as well as senior VP finance and CFO for The Yankee Candle Company Inc. from 2005 to 2007.

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A.Rajput says:
Jul-24-2013 05:14 pm

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A.Rajput says:
Jul-24-2013 05:14 pm

Kantar Retail: Target narrows Walmart’s basket advantage Sam Tripoli

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REAL ESTATE

Meijer opens Detroit supercenter

BY Dan Berthiaume

Grand Rapids, Mich. — Meijer will open its first supercenter in the city of Detroit, at the Gateway Marketplace shopping center, on July 25. The 190,000-sq.-ft. store will include fresh produce and a full-service, drive-thru pharmacy walk-in health screenings, immunizations and specially trained diabetes-care pharmacists.

“We are thrilled to offer the Meijer experience to our new neighbors," Meijer Co-chairman Doug Meijer said. "There’s so much history and pride here, so many people who’ve lived their entire lives in the city of Detroit, that the opportunity to provide healthy living options and help encourage growth is something our company is grateful to be a part of."

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