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Children’s Place selects new accounting firm

BY CSA STAFF

SECAUCUS, N.J. The Children’s Place Retail Stores has chosen a new independent registered public accounting firm for the current fiscal year ending Feb. 2, 2008.

The company announced Monday that the audit committee of its board of directors selected BDO Seidman to serve as the company’s accounting firm. The news follows, the company’s recent announcement that Deloitte & Touche will resign as its auditor, which claimed that this was due to the auditor’s inability to rely on the representations of the former ceo. According to the company, Deloitte & Touche is continuing to serve as the company’s auditor with respect to the company’s financial statements for the three fiscal years in the period ended Feb. 3 (as to which there is a pending restatement of previously issued financial statements for fiscal 2005 and 2004).

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Samsung appoints top marketing officer

BY CSA STAFF

RIDGEFIELD PARK, N.J. Samsung Electronics America has named Steven Cook as its new senior vp and chief strategic officer for its North American headquarters.

Cook has a 26-year career in strategic brand retail marketing and most recently served as vp of worldwide strategic planning and business development for Coca Cola. Prior to that, Cook worked for Proctor & Gamble.

“Steven has extensive skills in brand differentiation, which have been honed in equally competitive industries where brand differentiation is critical,” said Samsung Electronics America president D.J. Oh.

 In a statement, Cook said he looks forward to helping Samsung build on its reputation as a brand that “delivers on its promise of the best consumer electronics experience.”

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Report: RFID top priority for Wal-Mart

BY CSA STAFF

San Francisco Speaking at an industry conference in Taiwan, Ron Moser, RFID strategy leader for Wal-Mart, said that RFID technology is important to the company and that it recognizes its role as a leader in this area, reports said.

At the Taiwan International RFID Applications Show in Taipei, Moser reportedly said that Wal-Mart could improve sales greatly by fixing its inventory issues using RFID technology. Moser added that he anticipates RFID to have a greater effect on Wal-Mart than bar codes did when they debuted in 1984.

According to reports, Moser said that he expects RFID will lead to getting products on store shelves faster, thus reducing lost sales and making missing merchandise a soon-to-be phenomenon of the past.

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