Edmondson Assumes Role of RadioShack CEO
Fort Worth, Texas, David Edmondson took over as CEO of RadioShack Corp. yesterday. He replaces Leonard Roberts, who became the company’s new executive chairman.
Edmondson’s appointment, which was announced in January, became official at the retailer’s annual shareholders meeting on Thursday.
Carrefour Eyes Cyprus Chain
Paris, Carrefour plans to expand its presence in Cyprus with the purchase of Chris Cash & Carry. The deal is valued at about $46.8 million (37 million euros). Carrefour is the largest food chain in neighboring Greece.
Albertsons to Exit Jacksonville Market
Boise, Idaho, Albertsons has agreed to sell all seven of its stores in the Jacksonville, Fla., market to independent operator Rob Rowe, who is a former executive of Winn-Dixie, published reports say. The deal, for which no purchase price was disclosed, is expected to close by mid-July, the grocer said. Albertsons said the stores are located in Jacksonville, St. Augustine and Orange Park. Buyer Rowe previously managed Winn-Dixie’s SaveRite Grocery Warehouse division before leaving the company in 2003.
“This is a strategic decision in line with our company’s commitment to invest resources only in markets where we can perform as a market leader and earn an acceptable return,” Carl Jablonski, president of Albertsons’ Eastern division, said in a statement.