FINANCE

Charming Charlie names CFO

BY Staff Writer

Houston — Charming Charlie announced that Tom Fitzgerald has joined the company as EVP, chief administrative officer and CFO.

Tom most recently was the chief administrative officer of Sears Canada, where he was responsible for store operations, IT, merchandise planning and allocation, logistics, sourcing, and store innovation.

Prior to his role at Sears Canada, Tom held several leadership positions at Liz Claiborne, and Bath & Body Works.

Since launching in 2004, Charming Charlie has grown to over 240 stores in 36 states with more than 5,000 employees.

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REAL ESTATE

Dick’s to open 40 stores in 2013 and debut Field & Stream format

BY Marianne Wilson

Pittsburgh — Dick’s Sporting Goods Inc. on Monday forecast a full-year profit for the current fiscal year that was less than expected, and also revealed it will debut a new retail concept in fiscal 2013 under the Field & Stream banner.

In 2013, the company said it will open two Field & Stream stores, 40 Dick’s Sporting Goods stores, one Golf Galaxy store and two True Runner locations. The chain also plans partial remodels of 75 existing Dick’s stores.

Dick’s said that its fourth quarter profit rose to $129.7 million from $111.1 million a year earlier. Sales for the quarter increased 12% to $1.8 billion, with a 1.2% increase in same store sales.

The company said that its growth investments in 2013 include:

  • Strengthening its omni-channel platform, including investments in advanced mobile capabilities, the piloting of pick-up in-store, and growth of the e-commerce team;
  • Remodeling existing stores;
  • Implementing new systems, and
  • Developing new concepts.

Net sales for the 53 weeks ended February 2, 2013 increased 12.0% from last year’s 52-week period to $5.8 billion, with a 4.3% increase in consolidated same-store sales.

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News

GE names ex-SEC head to board

BY CSA STAFF

The board of directors of the General Electric Company nominated former Securities and Exchange Commission chairman Mary Schapiro to serve on its board.

Schapiro will stand for election at GE’s annual meeting on April 24, the company said.

"Mary Schapiro will bring valuable expertise to GE, particularly with her experience overseeing U.S. financial markets," said GE chairman and CEO Jeff Immelt. "Her understanding of corporate governance and financial regulation will be of great benefit to GE and its shareowners. I am pleased that we have nominated Mary to our board."

Schapiro served as chairman of the SEC from January 2009 through December 2012. Prior to becoming SEC chairman, Schapiro served as chief executive officer of the Financial Industry Regulatory Authority (FINRA) from 2007 through 2008. She joined FINRA in 1996, serving as president of the National Association of Securities Dealers (NASD) Regulation from 1996 to 2002 and as vice chairman from 2002 to 2006, when she was named chairman.

Schapiro served as a commissioner of the SEC from December 1988 to October 1994, and left the SEC when appointed chairman of the CFTC, where she served until 1996.

Prior to her 2009 SEC appointment, Schapiro also served as a director and chair of the audit committee at Duke Energy, and as lead director and chair of the nominating and governance committee at Kraft Foods.

 

 

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