OPERATIONS

Bob Evans CEO resigns

BY Dan Berthiaume

New Albany, Ohio – Steve Davis has resigned as CEO of Bob Evans Farms Inc. by mutual agreement with the board of directors. The official change will take place immediately, but Davis will remain with the company through the end of the year to assist with the transition process.

Bob Evans has established an interim Office of the Chief Executive while a search is conducted for a new CEO. The office is to be filled by Mark Hood, CFO, and Mike Townsley, president of the Bob Evans Foods business unit. Both will remain in their current positions. The board has also formed a Transition Committee, consisting of independent directors Mary Kay Haben, Doug Benham, and Larry McWilliams, with Haben serving as the chair of the committee.

“The independent directors unanimously concluded that as the company strives to improve performance, it would benefit from new leadership and enhanced execution,” Haben said.

During the third quarter of fiscal 2014, Bob Evans reported net sales and same-store sales that were beneath Wall Street expectations, and also reported a slight decline in profits.

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Sherwin-Williams paints store No. 4,000

BY CSA STAFF

After announcing new partnerships with HGTV and Lowe’s, as well as three consecutive quarters of record growth, Sherwin-Williams is celebrating another milestone.

The company announced it is opening its 4,000th store in Sewickley, Pa.

"The opening of Sherwin-Williams’ 4,000th store is a landmark occasion for our company," said Chris Connor, chairman and CEO of Sherwin-Williams. "Sherwin-Williams is committed to delivering an exceptional painting experience to homeowners and professionals alike. We also believe in making a positive difference in the communities we serve and look forward to showing our support for Sewickley and the surrounding boroughs in the coming years."

In honor of the 4,000th store, Sherwin-Williams announced it will donate $40,000 to Austin's Playroom Project, an initiative of the Mario Lemieux Foundation. The funds will furnish interactive iPad tables in 10 hospital playrooms in the Pittsburgh area and across the country.

Austin's Playroom Project seeks to benefit families and improve the quality of a child's hospital experience — whether as a visitor or patient — by furnishing cheerful playrooms that are safe, calming and comfortable. The playrooms feature Sherwin-Williams paints, such as Optimistic Yellow (SW 6900), Sundance (SW 6897) and Exciting Orange (SW 6647).

For the third quarter Sherwin-Williams reported net sales increased 10.6% to $3.15 billion. Net sales in the Paint Stores Group jumped 15.0%. Net income for the third quarter increased to $326.2 million, up from $263.0 million.

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Banana Republic shows procrastinators some love

BY CSA STAFF

Banana Republic is taking an innovative approach to last-minute holiday shoppers this year: top-notch perks and special discounts for procrastinators.

The company will be offering a “Procrastinators Event,” a special promotion for last-minute shoppers, from Dec. 17-22.

Everyone is busy during the holidays, so we’re here to help treat our customers to perks that make their shopping experience a pleasure,” said Chris Nicklo, VP of Marketing at Banana Republic. “Everyone deserves a hand during the holidays and we know what it’s like to shop down to the wire for the loved ones on our list.”

The Procrastinators Event features partnerships with third-party consumer service providers Deliv, TaskRabbit, Curb, and SHYP to provide Banana Republic customers with helpful services, including:

  • Free same-day delivery: Customers who shop on bananarepublic.com and reserve items through Reserve In Store will receive an email from which they can choose to have those items shipped that same day for free through Deliv. This service is available in San Francisco, Palo Alto, Los Angeles, Chicago, New Jersey, Washington, D.C., Houston and Seattle.
  • Extra help: Customers who shop at all U.S. stores will receive a $30 credit from TaskRabbit to help with any last-minute errands.
  • Free rides: Shoppers can catch a free ride (up to $20) with Curb to or from Banana Republic stores across the U.S.
  • Free shipping and gift wrap: Shoppers in San Francisco, New York and Miami will be given a $25 credit at the register that can be used to ship their gifts through SHYP. Customers who visit the Banana Republic Grant Avenue store in San Francisco, Soho store in New York and Aventura Mall in Miami, can immediately hand over their gifts to Shyp ambassadors to be gift wrapped with Brit+Co-designed wrapping paper and shipped anywhere in the world.
  • Discount on gift cards: Customers who spend $50 or more in gift cards will receive 10% off their gift card purchases. Some stores will be offering an “express lane” for gift card purchases.

Everyone is busy during the holidays, so we’re here to help treat our customers to perks that make their shopping experience a pleasure,” said Chris Nicklo, VP of Marketing at Banana Republic. “Everyone deserves a hand during the holidays and we know what it’s like to shop down to the wire for the loved ones on our list.”

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