PETsMART Earnings Higher Than Estimates
Phoenix, PETsMART earned $68.6 million in the fourth quarter, higher than its previously reported unaudited estimate of $68.1 million. For the year, the company’s earnings of $171.2 million was the same as its estimate. Both figures are increases over last year, when the company earned $56.5 million in the quarter and $135 million, for the full year.
Read All About It: Store Performance
New York City, Bridging the gap between strategy and execution is a challenge for any organization. It’s especially challenging for retailers.
In an article titled “Moving Retail to the Next Level: Consistent Store Performance Management,” StorePerform president and CEO Srikant Vasan talks about rising to the challenge.
“While every retailer has stores that outperform the pack, until now, retailers have lacked the tools to leverage these best practices and attain consistent performance in all stores,” Vasan writes.
For the complete article, click on “Guest Commentaries” above.
Ann Taylor Adds to Board
New York City, The day after naming Kay Krill as CEO, Ann Taylor Stores Corp. brought Linda Huett, president and CEO of Weight Watchers, onto its board of directors. Ms. Huett will bring the number of independent directors on Ann Taylor’s 10-person board of directors to eight. Ms. Huett will also serve as a member of the independent compensation committee.