REAL ESTATE

Cabela’s to Open Two New Texas Stores

BY CSA STAFF

Sidney, Neb., Cabela’s, retailer of hunting, fishing and outdoor gear, will open two new Texas stores this summer. A 230,000-sq.-ft. Fort Worth location will open May 26, while an 185,000-sq.-ft. Buda branch is scheduled to open June 30. More than 4 million annual shoppers are expected to visit the Fort Worth store, and more than 3.5 million are expected to visit the Buda store, near Austin, each year, making the stores the No. 1 and No. 2 largest tourist attractions in Texas, according to Cabela’s. The stores each will feature a bronze sculpture, a museum-quality diorama, a large aquarium and wild-game trophies. The new Texas locations will be the Sidney, Neb.-based company’s 11th and 12th destination store locations.

“We are thrilled that Texas is Cabela’s first location in the southern part of the United States,” Dennis Highby, Cabela’s president and CEO, said in a statement. “Texans are passionate about the great outdoors, and our stores serve as a tribute to conservation and wildlife. It’s a perfect fit.”

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FINANCE

RedEnvelope Replaces CFO

BY CSA STAFF

San Francisco, RedEnvelope Inc. says its CFO, Eric Wong, will resign, effective on or about April 18. He will be replaced by Polly Boe, who most recently served as CFO of Sundance Catalog.

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ECOMMERCE

Management Shakeup Begins at Sears

BY CSA STAFF

Hoffman Estates, Ill., Four Sears, Roebuck and Co. executives were terminated, according to a report in the Chicago Sun-Times. The shakeup comes a week after Kmart’s $12.3 billion takeover of Sears was approved.

The terminated employees include:

• Bill Bass, senior VP of e-commerce at Lands’ End and the head of Sears’ online and catalog operations. He will be replaced by Kmart’s Chris Shimojima, who becomes general manager of online and catalog sales.

• Gary Kelly, Sears CIO. Kmart’s Karen Austin will replace him as CIO.

• Bob O’Leary, head of public relations and government affairs. He will be replaced by Sears’ Edgar “Ted” McDougal.

• Greg Lee, head of human resources. He will be replaced by Sears’ Bob Luse.

In addition to these executive changes, Sears executive VP of store operations William White III will retire. Also, Catherine David, who leads Sears’ Great Indoors concept, will take additional responsibility for the Sears Essentials and Sears Grand formats, and Rob Lynch will become general manager of the Orchard Supply hardware chain.

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