FINANCE

Hhgregg CFO resigns, interim named

BY Dan Berthiaume

Indianapolis – Jeremy J. Aguilar has resigned as CFO and secretary of Hhgregg, effective Jan. 31. Andrew S. Giesler, senior VP finance, has been appointed to serve as interim CFO and secretary from Jan. 31 until a full-time replacement is named.

Giesler, 36, has served the company in several roles since joining in May 2007, including senior VP finance; VP finance; VP controller and director of finance and investor relations. Aguilar is leaving to take a similar role at another company.

“I would like to thank Jeremy for his leadership and many contributions to Hhgregg during the past eight years,” said Dennis May, president and CEO of Hhgregg. “Jeremy has been an instrumental member of our leadership team and helped support the growth of the company’s store base as we work toward becoming a national retailer. We are fortunate to be making this transition with a deep and experienced finance team in place.”

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News

DealYard makes e-commerce site more customer-friendly

BY Dan Berthiaume

Westbury, N.Y. – Online discount retailer DealYard has optimized its site in a customer-friendly way, using personalized recommendations that are provided by CRM vendor 4-tell. In addition, users will receive ideas on what to add next, a feature provided by VeInteractive.

Some of the new technologies that the DealYard team has integrated into a user’s shopping experience include solutions that deliver personalized recommendations via online and email, as well as promotional offers during checkout. DealYard is also now working with other online retailers, such as eBay and Amazon, to continue expanding its offering globally. DealYard is also expanding to an international customer base that extends to countries including Canada, Germany, and New Zealand.

"I’ve long held that DealYard is the sum of its parts,” said Rob Heller, CEO of DealYard. “We’re all working together every day to make it even better. And part of acknowledging the spirit of teamwork is collaborating with smart new technologies and incorporating them into our own website."

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FINANCE

Arden Group acquisition attracts possible lawsuits

BY Dan Berthiaume

Compton, Calif. – Numerous law firms have launched investigations into the board of directors of Arden Group, Inc. to determine possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to the investment firm TPG.

The investigations concern whether the Arden Group board of directors breached their fiduciary duties to stockholders by failing to adequately shop the company before agreeing to enter into this transaction, and whether TPG is underpaying for Arden Group shares. At least eight law firms have announced investigations into Arden Group, parent of the 17-unit Gelson’s grocery store chain.

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