FINANCE

Collective Brands buys Above The Rim brand from Reebok

BY CSA STAFF

Topeka, Kan. Collective Brands announced Friday that it is acquiring the Above The Rim brand from Reebok International for an undisclosed amount and that Collective Licensing International will expand the ATR brand to seize opportunities for the brand in the United States and across the globe.

“ATR fits nicely with the CLI business model and team, which is focused on youth lifestyle and athletic brands inspired by music, street fashion and West Coast lifestyle activities like board sports and others,” said Matt Rubel, CEO of Collective Brands, the parent company of CLI. “Our Collective Licensing team will leverage its expert brand-building and licensing model and unique competencies in the youth and athletic arena to further build-out and amplify all the greatness of the ATR brand to seize licensing opportunities across the globe.”

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Zale shakes up management

BY CSA STAFF

DALLAS Zale announced that Neal Goldberg, CEO and member of the board of directors, William Acevedo, chief stores officer, and Mary Kwan, chief merchandising officer, have left the company effective immediately. The board of directors has appointed Theo Killion, president, to the additional role of interim CEO.

Killion joined Zale in January 2008 as EVP and was appointed president in August 2008. Previously, Killion held senior management positions at Tommy Hilfiger, Limited Brands, Macy’s East and the Home Shopping Network. HE will assume initial responsibility for all store operations.

 

In addition, Zale also announced that Gil Hollander, EVP and chief sourcing and supply chain officer, has assumed the additional role of chief merchandising officer. This change will bring all aspects of diamond sourcing and merchandising under Hollander’s oversight. He has over 35 years of experience in the jewelry industry, joined Zale in September 2000 with the acquisition of Piercing Pagoda and has served in various senior management positions with the company.

“Our board is determined to do all in its power to put in place effective leadership to help return the company to profitability. At the same time, these management changes will help facilitate renewed focus on Zale’s core diamond business. We are fortunate to have executives with Theo Killion’s and Gil Hollander’s experience to assume greater leadership responsibilities as we refocus on our core strengths,” said John Lowe, Jr., chairman of Zale.

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Home Depot steps up software

BY CSA STAFF

New York City

In a deal announced at the National Retail Federation trade show here, Home Depot will transition to Fujitsu U-Scan self-checkout software, making it easier for the retailer to make upgrades to its point-of-sale system.

The new software is described by Fujitsu as an “open integration architecture utilizing a unique virtual point-of-sale like messaging framework.”

Home Depot’s Cara Kinzey, senior VP IT store, field and corporate support, explained in a prepared statement that the focus of the company’s IT efforts is to improve the shopping experience. “Fujitsu U-Scan self-checkout software will help us accelerate delivery of business-critical POS software changes to our stores,” she said. “Taking advantage of the U-Scan self-checkout software architecture’s flexibility means that we can better respond to changing business conditions, making us more efficient, competitive and responsive to customer needs.”

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