Hibbett Sports CFO to retire
Birmingham, Ala. — Hibbett Sports announced that Gary A. Smith, senior VP and CFO is retiring effective June 1, 2012. The company has started a search for his replacement.
Smith joined Hibbett in April 2001 as VP and CFO when the company had 282 stores in 19 states, predominantly in the Southeast. Today, Hibbett has over 800 stores in 26 states.
Report: Walmart moving greeters from lobbies into stores, near checkouts
New York City — In a break with longstanding company tradition, Walmart is moving its greeters from its lobbies into the stores near the cash registers, Bloomberg reported.
In their new location, the greeters will be able to direct shoppers to products they are looking for, and also to shorter checkout lines, the report said.
It’s a better position inside the store,” Walmart spokesman David Tovar said in the Bloomberg report. “The greeters will be able to assist customers in more effective ways. Whether they are coming in the door or are 15 ft. away, they will still be able to greet people.”
The news follows a recent report that chain was eliminating greeters at its 3,000 U.S. supercenters from the overnight shift, which runs from 10 p.m. to 7 a.m., and reassigning them to other duties.
Starbucks to enter India
Seattle — Starbucks Coffee Corp. has entered into a joint venture with Tata Global Beverages Limited that will result in the opening of the first-ever Starbucks locations in India. The 50/50 joint venture, called TATA Starbucks Limited, will own and operate Starbucks cafés, which will be branded as Starbucks Coffee “A Tata Alliance.” (Tata Global Beverages is the world’s second largest tea company and Asia’s largest coffee plantation company.)
The retail stores will be developed in cities across the vast country, beginning in Delhi and Mumbai in this year. The company plans to have 50 locations by year-end, according to Reuters.
“We’re very pleased to have found the best partner for Starbucks in Tata – a company that shares so many of the same values for conducting business in a way that earns the trust and respect of our customers and partners (employees),” said John Culver, president, Starbucks China and Asia Pacific.