FINANCE

Blue Nile CFO Resigns

BY CSA STAFF

Seattle The online jewelry retailer Blue Nile announced Monday that its CFO has resigned, sending shares falling and web traffic into a slowdown.

According to the company, CFO Robin Easton resigned effective March 31. The company’s VP of finance and controller, Terri Maupin, will take on the responsibilities of principal financial and accounting officer when Easton leaves, and the company intends to look for a new CFO.

Also Monday, Citi Investment Research analyst Mark S. Mahaney said in a note to clients that data from comScore, Inc. showed Blue Nile’s number of unique visitors fell 18% year over year to 816,000 in February.

Mahaney said comScore data also indicated Nile’s January traffic was down 14% year over year.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Thompson to head Rite Aid Northeast division

BY CSA STAFF

CAMP HILL, Pa. Rite Aid has promoted Robert Thompson to senior vp of the Northeast division, in charge of more than 1,000 stores. Thompson was previously serving as vp of pharmacy business development.

Thompson will report to Brian Fiala, evp of store operations.

Thompson, joined Rite Aid in 2004 as vp of pharmacy business development, charged with developing and implementing strategic initiatives to grow the companys pharmacy business. He has been integrally involved in planning and implementing Rite Aids integration of the recently purchased Brooks and Eckerd drug store chains.

We are fortunate to have Robert in this new position because he brings a breadth of experience to the job with his background in pharmacy, store operations and new business development, Fiala said. His recent experience integrating our newly acquired stores will be particularly valuable since so many of them are located in the Northeast. 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Ahold U.S. forges ahead

BY CSA STAFF

AMSTERDAM, The Netherlands Ahold Thursday noted its efforts in the United States, pointing out that it had rolled out 70% of its VIP program at Stop & Shop and Giant-Landover. The company also noted that in 2008 it will focus on the completion of the VIP program and the remodeling of its Giant-Landover stores.

Ahold reported that fourth quarter net sales for its Stop & Shop/Giant-Landover segment were $3.9 billion, up 2% from the same period last year. Identical-store sales (excluding fuel) were up 1.2% and down 0.5% at Giant-Landover. For the full year, net sales were $16.7 billion, up 1.5% compared to last year. Identical sales (excluding fuel) were up 0.6% at Stop & Shop and down 1.1% at Giant-Landover. Operating income was $663 million – or 4% of net sales – down $176 million compared to last year.

For its Giant-Carlisle segment, Ahold reported fourth quarter net sales of 1 billion, up 8.6% compared to last year, due in part to the acquisition of Clemens Markets in the fourth quarter of 2006. Identical sales were up 3.8% (excluding fuel). For the full year, net sales were $4.3 billion, up 13% compared to last year, due in part to the acquisition of Clemens Markets in the fourth quarter of 2006. Identical sales were up 3.2% (excluding fuel).

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...