OPERATIONS

Former Williams-Sonoma exec to head global retail at Levi’s

BY Staff Writer

New York — Levi Strauss & Co. has named Craig Nomura as president of global retail, effective Feb. 3, 2014. He joins Levi’s from Williams-Sonoma Inc., where he was most recently senior VP of global development.

Nomura, who also held leadership positions at Gap Inc., The Gymboree Corp., Guess?, Inc., and Foot Locker, succeeds Joelle Maher, who left Levi’s in June 2013 to join Gymboree as COO.

In his new position, Nomura will also serve as executive VP, reporting directly to president and CEO Chip Bergh. He will be responsible for Levi’s 2,800 stores around the world and the e-commerce operations.

“Craig is a true global citizen with a proven track record of delivering profitable growth for some of the world’s top retailers,” said Bergh.

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The Pantry recommends against board nominees

BY Dan Berthiaume

Cary, N.C. – The Pantry has confirmed that JCP Investment Management, LLC, and Lone Star Value Management, LLC (“the dissident group”) submitted a notice of intent to nominate director candidates to stand for election to The Pantry’s board of directors at the company’s 2014 annual meeting of stockholders.

After discussions between the company (management and selected directors) and the dissident group, the company’s corporate governance and nominating committee reviewed several individuals put forward by the dissident group and determined that they should not be nominated by The Pantry to serve on the board of directors.

After carefully evaluating several individuals put forward by the dissident group, we have determined that they do not possess the particular experience and expertise that the company is seeking in director candidates at this time,” said the Pantry in a written statement. “Our board is currently composed of 10 highly qualified directors, nine of whom are independent, who together possess significant retail, convenience store, consumer packaged goods, foodservice and financial experience that is highly relevant and critical to our business.”

The Pantry has had its current leadership team in place since March 2012 and will submit its board nominees in a proxy statement with the SEC prior to its March 2014 annual meetings.

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Report: FBI warns of more retail data breaches

BY Dan Berthiaume

Washington, D.C. – The FBI has reportedly issued a confidential report to U.S. retailers warning that more cyber attacks like the ones recently suffered by Target and Neiman Marcus will occur. According to Reuters, the three-page report was distributed Jan. 17 and informs retailers that the FBI has discovered in the past year there have been at least 20 attacks using the same type of malware used against Target.

The report, which an FBI spokesperson verified for Reuters, said that malware attacks designed to steal credit card data from retailers will increase in the short term despite increased efforts to prevent them. This increase is due to the wide global availability of the malware as well as the potential for significant financial gain. The report said most malware attacks the FBI has discovered are launched against small or mid-sized and regional retailers.

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