OPERATIONS

Foot Locker appoints Alvitti as chief HR officer

BY Staff Writer

New York — Foot Locker Inc. has appointed Paulette Alvitti as senior VP and chief human resources officer. Alvitti will begin her new role on June 3 and oversee the development and delivery of global human resources, including compensation and benefits, organization and executive development/succession planning, employee engagement, talent management, human resources management systems, and corporate communications. She comes to Foot Locker from PepsiCo, where she spent 17 years, most recently serving as senior VP and chief human resources officer at PepsiCo Asia, Middle East and Africa.

"I’m very excited to be joining Foot Locker, which is known for its dedication to superior customer service and valuing associates as our competitive strength," Alviti said. "I look forward to working with the human resources organization and Foot Locker’s leadership team to further develop our talent, diversity and culture to accelerate long-term growth."

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FINANCE

PriceGrabber: Father’s Day gets practical

BY Dan Berthiaume

Los Angeles – A survey from online shopping site PriceGrabber indicates U.S. consumers are leaning toward practical Father’s Day gifts this year. Almost four-in-10 (38%) consumers plan to purchase practical Father’s Day presents this year, such as tools, auto accessories or appliances.

Nearly one-fifth of respondents (18%) are planning to shop for a tech-type gift such as a computer, tablet or smartphone. Forty-five percent of men plan to buy a practical gift, compared to 33% of women.

Other findings indicate that more than half of respondents (55%) will spend less than $100 this year, while 23% will spend between $100 and $249, 12% will spend more than $250 and 10% do not have a budget. About six-in-10 consumers (59%) will purchase gifts online.

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FINANCE

Bi-Lo in $265 million deal to buy Sweetbay, Harveys and Reid’s from Delhaize

BY Marianne Wilson

Jacksonville, Fla. — Bi-Lo Holdings, parent company of the Bi-Lo and Winn-Dixie grocery store brands, has entered into an agreement to buy three chains from Belgium-based Delhaize Group. Bi-Lo said it would acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize for $265 million in cash.

The deal, which is subject to regulatory approval, includes 72 Sweetbay stores, leases for 10 prior Sweetbay locations, 72 Harveys stores and 11 Reid’s stores, for a total of 165 stores and 10,000 employees throughout the Southeast. Bi-Lo Holdings already operates 686 stores.

"Sweetbay, Harveys and Reid’s are well-recognized and trusted businesses that share our passion for exceptional service," Bi-Lo Holdings president and CEO Randall Onstead said. "We look forward to welcoming the outstanding associates of all three chains to the Bi-Lo Winn-Dixie family."

The transaction is anticipated to close in fourth quarter 2013.

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