OPERATIONS

Jones Group names merchandising exec for Nine West brand

BY Katherine Boccaccio

New York — The Jones Group Inc. said Monday it has appointed Joseph Stafiniak to the newly created position of SVP merchandising of Nine West, effective immediately.

Stafiniak will operate as the lead merchant for Nine West, overseeing merchandising strategies and the execution of product to meet the expanding needs of the brand’s global business.

Stafiniak comes to Jones Group from Coach, where he most recently served as SVP licensed categories.

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OPERATIONS

Duncan takes the reins at Supervalu

BY Marianne Wilson

Minneapolis — Supervalu on Monday announced that Sam K. Duncan will become president and CEO, effective immediately. He succeeds Wayne Sales, who has served as the company’s president and CEO since July 2012.

Last month, Supervalu announced an agreement with AB Acquisition LLC to sell five of its retail banners, as well as enter into an agreement with Symphony Investors LLC to conduct a tender offer for up to 30% of Supervalu’s outstanding common stock. Both AB Acquisition LLC and Symphony Investors LLC are Cerberus Capital Management-led entities. The retailer had previously announced that Duncan would assume the role of president and chief executive officer upon closing of the transaction.

“Following January’s announcement, I have visited stores, spoken with many of our independent retailers and Save-a-Lot licensees, and met many team members,” Duncan said. “These activities have reinforced my belief that Supervalu has a bright future; and I’m excited to start putting in place plans to improve our results and increase shareholder value.”

Duncan, 61, most recently served from 2005-2011 as chairman, CEO and president of OfficeMax.

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OPERATIONS

The Home Depot prepares for phase-out of penney in Canada

BY Staff Writer

Toronto — The Home Depot Canada has joined other Canadian retailers in complying with the government’s planned phase out of the penny.

However, the retailer noted that many Canadians were unaware of the phase-out, and wanted to ensure its customers that it is doing its best to inform them of the change. As of Feb. 4, the penny will no longer be in circulation.

The Home Depot Canada said it wants its customers to know that after this date, anyone shopping at its stores using cash, will have their total rounded down to the nearest nickel. In addition, if a customer makes a cash return to the store, it will always round up to the nearest nickel. The Home Depot feels it’s vital to continually meet the needs of its customers.

"The Home Depot Canada is passionate about customer service and lives by its core values, including doing the right thing," said Vinod Nalajala, senior director of Canadian Operations. "Always rounding down on sales and up on returns is one more way we are committed to delivering value to our Canadian consumers."

To prepare associates and customers for the change, The Home Depot Canada ran a number of pilots across the country in January. Full implementation across all 180 stores will begin on Feb. 4.

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