FINANCE

Red Mango announces expansion plans

BY CSA STAFF

Dallas Red Mango has signed 42 franchisees to open a total of 219 locations.

Development agreements included further expansion in California; Utah; Nevada; Washington; Illinois; and New York, as well as entry into Arkansas; Colorado; Indiana; Kansas; Massachusetts; Missouri; New Jersey; Louisiana; Minnesota; Texas; Virginia; Wisconsin; and Washington, D.C.

The locations will be in several formats including traditional stores, kiosks, co-branded locations, and self-serve destinations.

“While many companies are experiencing record lows in growth, we are very excited about our record high,” said James Franks, VP of franchising for Red Mango. “From the type of operators and franchisees we are attracting, to the type of locations we are opening in markets across the country, this is truly a groundfloor opportunity that is being built to last through flexible consumer platforms and product innovations centered around health, taste and style.”

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Williams-Sonoma CEO retires, new leader named

BY CSA STAFF

SAN FRANCISCO Williams-Sonoma announced that Howard Lester will retire from his position as chairman and CEO and as a member of the board at the May 2010 annual shareholders’ meeting. He will continue, however, to assist the company in a consulting and advisory role through December 2012 and have the title of chairman emeritus.

Lester has led the company since 1978 when he purchased it from its founder, Chuck Williams. At that time, the company had four stores, a small catalog and $4 million in revenue.

 

 

Williams-Sonoma said that its board intends to appoint Laura Alber as the company’s CEO as well as a nominee to the board of directors. Alber joined the company in 1995 and was appointed to her current role as president in 2006.

Alber stated, “It is an exceptional honor to follow in the footsteps of one of the most highly esteemed executives in retail. Howard has been an outstanding mentor, and he is retiring at a time when the foundation of the company has never been stronger. We are confident in our direction and, together with the leadership team, ready to execute against those strategies that will grow and improve our businesses, deliver great products and services to our customers and enhance shareholder value.”

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Costco honored for sustainability efforts

BY CSA STAFF

INDIANAPOLIS SustainableGrocer.com, an organization which manages sustainability practices within the food and grocery retail sector, has named Costco as the 2009 Sustainable Grocer of the Year.

Costco received the award for its sustainable efforts including energy reduction, offering a wide selection of organic food and its recycling programs. The company was also recognized for reducing packaging waste and working to reduce its carbon footprint through effective delivery systems which utilize the most efficient trucks available.  

 

 

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