Guess makes executive appointments
Los Angeles — Guess Inc. has appointed Chet Kuchinad as chief people officer and Amber Tarshis as senior VP marketing.
Kuchinad joined Guess on Feb. 1. His experience also includes senior executive roles at Nike and Starbucks Coffee Co.
Tarshis joined the company on Feb. 13. She most recently served as chief marketing officer for The Hub TV Network, a joint venture between Discovery Communications and Hasbro.
Walmart rolls out the financial big guns
BENTONVILLE, Ark. — Three Wal-Mart Stores executives will share insights at two key retail conferences on March 7.
CFO Charles Holley will provide an update on the company’s financial priorities as the keynote speaker at the Bank of America Merrill Lynch 2012 Consumer & Retail Conference in New York at approximately 8 a.m. EST. SVP and treasurer Jeff Davis and Walmart international CFO Cathy Smith will take the stage at the Raymond James 33rd Annual Institutional Investors Conference in Orlando, Fla., at approximately 11:35 a.m. EST to discuss the company’s international growth strategy.
Both events will be webcast live through links at http://www.walmartstores.com/investors.
The presentations will be archived for one year on the company’s website.
Costco Q2 profit rises on cheap gasoline
New York City — Costco Wholesale Corp. posted a bigger-than-expected rise in quarterly profit on Wednesday. Rising gasoline prices had a positive impact on sales at Costco, which prices its fuel below nearby stations.
Net income in the quarter ended Feb. 12 rose 13% to $394 million, from $348 million a year earlier.
Sales rose 10% to $22.51 billion. Same-store sales rose 8%, better than analysts had expected.