SUPPLY CHAIN

Overstock.com opens Kentucky warehouse

BY Katherine Boccaccio

Salt Lake City — Overstock.com said Wednesday it has opened a distribution and returns facility in Hebron, Ky., outside Cincinnati.

The facility, the company’s second, will receive product returns and handle outbound shipments. Overstock.com officials say this additional distribution facility will reduce the time for resolution and refunds for customer returns.

The company’s primary warehouse will remain in Salt Lake City.

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FINANCE

Men’s Wearhouse names CFO

BY Staff Writer

Houston — Men’s Wearhouse announced Wednesday it has named Jon W. Kimmins as EVP and CFO, effective April 4.

Kimmins most recently was EVP – finance and operations at LF-USA, a division of Li & Fung Limited, a multi-billion dollar wholesaler of apparel, footwear and fashion accessories. Prior to that, he was EVP of Toys “R” Us, where he was responsible for worldwide corporate finance, raising billions in debt and equity financing transactions.

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OPERATIONS

Whole Foods, OfficeMax, Target among most ethical companies

BY Katherine Boccaccio

New York — Award results released Wednesday by international think-tank Ethisphere Institute listed Whole Foods, OfficeMax and Target among the World’ Most Ethical Companies.

The institute reviewed nominations from companies in more than 100 countries and 36 industries. Selection is based on a review of codes of ethics; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.

Other companies on the list include Costco, Marks and Spencer, Best Buy Co., Gap, Patagonia, Timberland, eBay, American Express, Petco, Jones Lang LaSalle, and Ten Thousand Villages.

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