OPERATIONS

The Home Depot increases seasonal hiring for spring

BY Marianne Wilson

Atlanta — The Home Depot plans to hire more than 80,000 temporary workers to help customers this spring, some 10,000 more than it hired last year.

The move comes as the housing rebound spurs spending on remodeling and landscaping.

“Spring is always a special season for us, when we can offer employment opportunities for literally tens of thousands of Americans,” said Tim Crow, EVP — Human Resources. "We find some of our best associates during our peak season, and many of them have built long, meaningful careers with us.”

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OPERATIONS

President of Aeropostale to retire

BY Marianne Wilson

New York — Aeropostale announced the retirement of president Michael Cunningham, effective March 29. He will remain on the board of directors.

"Over the past 12 years, Michael has been an incredible partner and friend, and a highly respected leader within our organization,” said CEO Thomas P. Johnson. “Michael has been a key contributor to the evolution of our business as a multi-brand and multi-national specialty retailer. In particular, he has been instrumental in building Aeropostale’s best in class financial and business operations.”

Cunningham’s responsibilities will be taken over by existing staff. Johnson will assume responsibilities over information technology, Marc D. Miller, executive VP and CFO, will assume responsibilities over planning and allocation, and Mary Jo Pile, EVP customer engagement will assume responsibilities over construction, logistics and real estate.

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Cache names Jay Margolis as new CEO

BY Marianne Wilson

New York — Cache announced that it has appointed Jay Margolis as chairman and CEO of Cache. Concurrent with the appointment, Thomas Reinckens will step down as chairman and CEO.

Margolis most recently served as president and CEO of Limited Brands’ Apparel Group (Express and Limited Stores), where he was responsible for revamping the product line and leading the successful operational turnaround of the businesses. Prior to Limited Brands, he was president, COO & director of Reebok International.

Outgoing chairman and CEO Reinckens commented: “We are excited to attract a leader of Jay’s caliber to the position of chairman and CEO of Cache. Jay is a highly accomplished merchant with proven success in strengthening assortments, growing revenues, increasing store productivity and driving product sales in new channels, all of which is expected to position our Company for sustained long term profitability and growth.”

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