OPERATIONS

President of Old Navy resigns

BY Marianne Wilson

San Francisco — Gap Inc. announced Thursday that Tom Wyatt, president of Old Navy, will leave the chain, effective Feb. 3, 2012. The company named two senior Old Navy executives — Nancy Green, executive VP and chief creative officer, and Tom Sands, executive VP of stores and operations — to assume his duties while a search is held for a permanent replacement.

Wyatt, 56, was appointed president of Old Navy in 2008. He is leaving the chain to become the CEO of Portland, Ore.-based childhood education company Knowledge Universe.

In a statement, Wyatt said, “This was probably one of the most difficult decisions I’ve had to make. An opportunity came my way that allows me to devote myself to helping children get the education they deserve. Working with the strong leadership team at Old Navy, I’m both proud of what we’ve accomplished over the past four years and confident in the plans in place to improve the brand’s performance in 2012 and beyond.”

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OPERATIONS

AutoZone licenses APT software to help evaluate strategic initiatives

BY Staff Writer

Washington, D.C. — Applied Predictive Technologies announced that AutoZone has signed an agreement to license APT’s Test & Learn Management System to assist in evaluating strategic initiatives across all major functional areas.

AutoZone chose to license the system after piloting the software to test the value of various initiatives in marketing, merchandising, pricing, store operations, loss prevention, store development, and programs targeting commercial business customers.

“APT is a great tool to help us manage our testing and allow us to make better decisions,” said Brett Shanaman, AutoZone’s VP marketing. “Given AutoZone’s commitment to ongoing testing and learning to drive results, APT’s software is instrumental in managing and measuring our broad-ranging testing activity across 4,500 plus U.S., stores.”

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P.Banik says:
Mar-06-2013 09:42 am

Testing would bring out its efficiency level. In business having access to such strategic planning tool could be really useful for the businesses. However, business owners should also be concerned about the cyber crimes they should take necessary measures to fight against cyber crime.

P.Banik says:
Mar-06-2013 09:42 am

Testing would bring out its efficiency level. In business having access to such strategic planning tool could be really useful for the businesses. However, business owners should also be concerned about the cyber crimes they should take necessary measures to fight against cyber crime.

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OPERATIONS

J.C. Penney to announce big changes on Jan. 25

BY Marianne Wilson

Dallas — J.C. Penney Co. will host a two-part launch event where senior management will outline its much-anticipated plan of transformation on the mornings of Jan. 25 and Jan. 26 in New York City.

The event begins on Jan. 25 at 9 a.m. ET with a presentation from CEO Ron Johnson and president Michael Francis scheduled to conclude by 11 a.m. ET. It will be followed the next day, Jan. 26, by a financial presentation from COO Michael Kramer that begins at 9 a.m. ET. The Jan. 26 event will conclude at 10:30 a.m. ET following a question and answer session with senior management.

Both meetings will be available via a real-time webcast. The webcast may be accessed through J.C. Penney’s investor relations page at http://ir.jcpenney.com.

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