FINANCE

ICSC launches website for sales tax fairness

BY Katherine Boccaccio

Washington, D.C. — The International Council of Shopping Centers announced Tuesday the launch of a new website devoted to sales tax fairness and how the current sales tax system is unable to support the 21st Century retail marketplace.

The site, 21stcenturyretail.org, will be continuously updated to provide the public, stakeholders, the media and lawmakers with information on the online sales tax loophole and resources to help level the playing field for all retailers, according to ICSC.

“Online retailers have been given a free pass for far too long at the expense of their brick-and-mortar counterparts," said Betsy Laird, ICSC senior VP of global public policy. "ICSC is among the many voices calling on Congress to close the online sales tax loophole.”

ICSC has promoted sales tax fairness for over a decade, advocating that a "sale is a sale" regardless of whether the purchase takes place on Main Street, at shopping centers, via mail-order or over the Internet.

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OPERATIONS

Apple taps head of U.K. retailer Dixons to replace Johnson

BY Katherine Boccaccio

New York City — Apple Inc. has hired John Browett, CEO of Dixons Retail PLC, the United Kingdom’s largest consumer-electronics retailer, to lead its retail store division. The appointment marks the end of a seven-month search to replace Ron Johnson, who left the world’s most valuable technology company last year to become CEO of J.C. Penney Co.

Browett, 48, will start at Apple in April as senior VP. He has been chief executive of Dixons since 2007. Prior to that, he was CEO of Tesco.com, a division of the world’s No.3 retailer Tesco Plc. Browett’s international experience is sure to be valuable to Apple as it focuses on expansion into new markets such as China.

Browett will report to Tim Cook, Apple CEO.

“Our retail stores are all about customer service, and John shares that commitment like no one else we’ve met,” Cook said in a statement.

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News

New CFO named at TJX

BY CSA STAFF

FRAMINGHAM, Mass. — The TJX Companies announced Tuesday that Scott Goldenberg has been promoted to CFO, retaining his EVP title, effective Jan. 29, the beginning of TJX’s fiscal year. Goldenberg will oversee corporate finance for TJX and continue to report to Jeffrey Naylor who had resumed the CFO position in 2009. Naylor will continue as senior EVP, chief administrative officer and also have responsibility for other corporate functions, including Information technology, legal, risk management, and investor relations.

Carol Meyrowitz, CEO of TJX, commented, “I am delighted with Scott’s promotion to TJX’s CFO position. Scott, who has spent the vast portion of his career at TJX, is both an outstanding financial and all-around executive with a very deep understanding of our business and organization. He has touched many parts of this company, having spent a good deal of time at The Marmaxx Group and, for the past few years, has worked closely with Jeff Naylor, overseeing most of the corporate finance functions. Scott is well regarded within TJX as a leader and places great emphasis on professional development within the organization. Jeff is a tremendous executive and with Scott in his new role, I’m confident that TJX will benefit from their combined leadership abilities, expertise and experience.”

Scott Goldenberg first joined TJX’s predecessor company, Zayre Corp., in 1983 as a financial analysis manager and rose through the ranks of the finance organization. He left the company in 1988 to head the finance division of Auto Palace, a division of Rite-Aid at the time, and then served as CFO after the firm was acquired, until 1996. In January 1997, he rejoined TJX as VP corporate controller and then moved to The Marmaxx Group, where he spent the next eight years, his last position at Marmaxx being SVP, director of finance. In 2007, Goldenberg was promoted to SVP corporate controller and since 2009, has held the title of EVP finance for The TJX Companies.

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