News

ANew Home After 19 Years

BY CSA STAFF

Oh, good, you found me. After more than 19 years near the front of

In case you haven’t noticed, the editor’s desk spot (page 14) is now occupied by Marianne Wilson. Recently promoted to editor from executive editor, Marianne was the first writer hired after I joined Chain Store Age. She has been the mainstay of our reportage since 1989, writing many of our cover stories and being almost single-handedly responsible for the editorial content related to store planning, design, construction and facilities. A speaker at various domestic and international retail forums, she was a finalist last year for the Jesse H. Neal Award for outstanding editorial writing. (The Neal Award is business-to-business journalism’s version of the Pulitzer Prize.)

She is the inspiration behind the Green 4 Retail conference Chain Store Age will produce in June. She’s also the driving force for our annual Retail Store of the Year design competition featured in this issue (see page 63).

Marianne’s elevation to the richly deserved editor’s seat is but one of the changes for 2008 at Chain Store Age. Gary Esposito has been promoted to associate publisher from national sales manager. In the year that Gary has been part of our team he has contributed mightily to our continued success.

It’s been my custom to report to you each year around this time on Chain Store Age’s prior-year performance and plans for the current year. We ended 2007 on par with 2006. As publishing has changed, so have we. We augment the print magazine with two other vibrant enterprises—the Internet and live events.

SPECS, our annual event for executives involved in the store development and maintenance arenas, had a strong year. Under the leadership of Jim Kauhl, program director, the 44th annual SPECS next month in Dallas is projected to be another huge success. Late last year, Executive SPECS enjoyed the largest attendance in its five-year history, which bodes well for this year’s gathering.

Executive SPECS set the template for boutique meetings that bring retailers and vendors together for informal, informational programs. This month, outside Miami, we will co-host the second Main & Wall conference for c-level executives from mid-market, growth-oriented retailers. In June, the Technology & Operations Store Summit (TOPSS) will convene again in Las Vegas. The aforementioned Green 4 Retail conference will take place in Chicago, also in June. Green 4 Retail is the only meeting on the environment dedicated exclusively to the retail industry’s non-merchandise initiatives. For more information on any of these conferences, visit www.chainstoreage.com .

Our newly designed Web site is due to launch this month. We’ve added greater back-end functionality, but more importantly, some new editorial features. We’ll be debuting CSA TV shortly, a feature we hope you’ll find entertaining and informative.

If you’re not already receiving our weekly e-newsletter on general retail news, take the time to sign up for it at www.chainstoreage.com . We also publish an e-newsletter for technology and will be launching e-newsletters for the real estate, human resources and SPECS areas by mid-year.

Yes, there’s a lot going on at Chain Store Age. Even from my vantage point at the back of the book.

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Stage Stores says Peebles evp to retire

BY CSA STAFF

HOUSTON Stage Stores today announced that Dennis Abramczyk, evp and coo of its Peebles Division, will be retiring after approximately nine years with the company. He will continue to serve in his position until a replacement is found.

Jim Scarborough, chairman and ceo, commented, We want to thank Dennis for his contributions and service to our company, and we wish him well as he begins this new phase of his life. We will immediately begin a search for his successor, and we are pleased that Dennis will be staying on until the conclusion of our search process, as this will ensure a smooth and orderly transition.

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Home Depot to cut 500 HQ jobs

BY CSA STAFF

ATLANTA Home Depot is cutting 500 jobs at its headquarters. According to reports the cuts make up 10% of the 5,000 employees who work at the headquarters.

The cuts are partly due to the struggling U.S. economy, which has hurt market conditions, reports said. Employees were notified of the eliminations today, they will be paid through April 4.

Home Depot reported fiscal 2007 third quarter consolidated net earnings of $1.1 billion, or 60 cents per diluted share, compared with $1.5 billion, or 73 cents per diluted share, in the same period in fiscal 2006.

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