Home Depot CEO: No Job Cuts, Core Store Closings
Atlanta, Home Depot Inc. will not be making any job cuts or close any of its core retail stores despite the housing decline, the company’s CEO told the Associated Press in an interview.
“We’re making investments, notwithstanding the downturn,” CEO Frank Blake said. “I think that’s absolutely the right thing to do for the business. It’s going to lead to long-term success.”
Home Depot had announced earlier this week that it was closing its 11 Landscape Supply stores (and previously shut down a number of its Expo design centers), but Blake said there are no plans to close any of the company’s more than 2,000 main retail stores.
“We’re not going to shut stores to save costs,” Blake said. “We don’t need to.”
Despite the stock performance, Blake insisted that Home Depot’s strategy to focus more attention on its core business is the right strategy for the world’s largest home-improvement store chain.
On other issues, Blake said Home Depot will look at opportunities in the future for more expansion overseas, though it doesn’t have any current plans. He indicated Home Depot wasn’t looking at Europe for expansion.
Kirkland’s names interim merchandising gm
JACKSON, Tenn. Kirkland’s has announced that Christine Treganowan, the company’s divisional merchandising manager, will serve as interim general merchandising manager. She is replacing Sharyn Hejcl, who has resigned as the company’s vp and general merchandising manager to pursue other interests.
Prior to joining Kirkland’s in June 2007, Treganowan enjoyed a 23-year career with Sears Holdings and its predecessor, Kmart Corp., most recently as its divisional vp of store operations. She also held several merchandising positions at Sears Holdings, including as its divisional vp, merchandising and divisional merchandise manager of home.
Jablonski to retire as head of Shaw’s
EDEN PRAIRIE, Minn. Supervalu announced today that Carl Jablonski, president of the company’s Shaw’s banner in New England, has decided to retire after 38 years with the company. Larry Wahlstrom, president of the company’s Jewel-Osco banner in Chicago, will replace Jablonski as president of Shaw’s. Wahlstrom will be succeeded by Keith Nielsen, Jewel-Osco’s senior vp of operations.
“Carl Jablonski has had a remarkable career that has included a number of significant contributions to our ongoing success. On behalf of Supervalu, I would like to express my thanks and appreciation for Carl’s years of service and wish him well in his retirement,” Jeff Noddle, Supervalu chairman and ceo, said.
Wahlstrom will move to Shaw’s immediately to transition responsibilities from Jablonski, who will stay with the company through the end of the month. Jablonski will be available through the end of the year to assist with the transition. Nielsen, a 40-year veteran of the company, will step into the president role at Jewel-Osco this week.
Wahlstrom is a 37-year veteran of the company with a wide range of experience in both food and drug store operations. He began his career at Osco Drug as a store associate in Green Bay, Wis., before rising through the ranks in a number of leadership roles including store director and vp of the Osco New England division, and president of one of the Albertsons food divisions. He also held a number of corporate leadership assignments for Albertsons before becoming president of Jewel-Osco in 2004.
Nielsen has served as Jewel-Osco’s senior vp of operations for the past eight years. Prior to his most recent assignment, Nielsen held a variety of leadership roles of increasing responsibility, including store director, district manager, and area vp.