OPERATIONS

J.C. Penney plans 8 p.m. opening on Thanksgiving

BY Marianne Wilson

Plano, Texas — J.C. Penney joined the list of retail chains that plan to open their stores on Thanksgiving night to kick off the holiday shopping season.

Penney will open most of its 1,100 stores at 8 p.m., the same as Macy’s. Last year, Penney opened its stores at 6 a.m. on Black Friday, while rivals Macy’s and Kohl’s opened their doors at midnight.

Penney had previously announced it is bringing back a holiday tradition that then-CEO Ron Johnson ditched last year: Stores will give away nearly two million holiday snow globes starting at 4 a.m. on Black Friday.

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OPERATIONS

BevMo! taps Safeway exec as chief merchant

BY Staff Writer

New York — Specialty beverage retailer BevMo! Named Douglas J. Ratto as executive VP, chief merchant. Ratto will lead the buying, planning, allocations and distribution teams at BevMo!

Ratto comes to BevMo! with more than 25 years of retail and marketing management experience. Since 2010, Doug served at Safeway as senior VP, GM of alcohol/tobacco, home care/general merchandise & family care.

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OPERATIONS

Hibbett Sports announces board transitions

BY Staff Writer

Birmingham, Ala. — Hibbett Sports announced that effective February 2, 2014, Mickey Newsome will transition from his current position as executive chairman and employee of the company to non-executive chairman.

The retailer also announced that Jeff Rosenthal, president and CEO, has been appointed to the board of directors, effective immediately, thereby increasing the size of the board to ten members.

Mickey Newsome stated: “It has been my life’s work and privilege to lead Hibbett Sports for the past 48 years, as well as to bring many of the world’s leading brands to the communities we serve. The end of this fiscal year is an appropriate time for me to transition from my day-to-day executive duties to my responsibilities as non-executive chairman. I’m confident that the team, under Jeff’s leadership, will continue to deliver the growth, customer service, associate development and strong shareholder returns that we have all come to expect from Hibbett.

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