FINANCE

Kohl’s taps First Data for private-brand credit-card processing

BY CSA STAFF

Atlanta — First Data has entered into an agreement with Kohl’s Department Stores to provide payment processing services for the company’s private brand credit-card accounts.

The multi-year agreement calls for First Data to provide Kohl’s with credit-card processing, customer analytics, risk management services and automated customer service workflow tools. Financial terms of the agreement were not disclosed.

Kohl’s partnership with First Data will not affect Kohl’s current credit-card arrangement with Chase or the company’s previously announced agreement with Capital One.

“We’re pleased to partner with First Data and value their technological capabilities, system flexibility and broad portfolio of innovative services,” said Wes McDonald, Kohl’s senior executive VP and CFO. “Choosing a world-class partner for payment processing with an ability to respond to the changing payments landscape was important given the success and ongoing growth of Kohl’s credit-card program.”

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OPERATIONS

Lowe’s COO, president to retire

BY CSA STAFF

Mooresville, N.C. — Lowe’s Cos. president and chief operating officer, Larry Stone, will retire June 2, after 42 years with the company. Lowe’s doesn’t plan to fill the vacancy.

Stone has served in virtually every leadership position within store operations, merchandising and store environment during his career.

Lowe’s also announced the following promotions within merchandising, store operations and strategic planning:

  • Robert J. (Bob) Gfeller, Jr. – executive VP merchandising
  • Rick D. Damron – executive VP store operations
  • William D. (Doug) Robinson – senior VP customer support services
  • Richard D. Maltsbarger – senior VP strategy
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STORE SPACES

LEED Gold for Hannaford

BY CSA STAFF

New York City — Hannaford Supermarket’s store in Duanesburg, N.Y., was awarded LEED (Leadership in Energy and Environmental Design) Gold certification by the United States Green Building Council.

Among the supermarket’s environmentally friendly features are seafood display cases that do not use ice, an energy-saving advanced refrigeration system, water-conserving restroom fixtures, high-efficiency lighting and solar-reflective roofing materials.

The only other LEED-certified Hannaford store is in Augusta, Maine.

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