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Report: Tesco’s incoming CEO uncertain about Fresh & Easy’s future

BY CSA STAFF

New York City The future of Tesco’s Fresh & Easy Neighborhood Market is not certain, according to Philip Clarke, who will become Tesco’s CEO in March. In an article in Sunday’s Financial Times of London, Clarke said he wants to be able to make up his own mind about Tesco’s U.S. division after he has the opportunity to view Fresh & Easy “up close.”

“I am not going to be drawn on what is going to happen when I am chief executive because I need the chance to go and look,” Clarke said, according to the report.

The same article also had comments from Tesco’s current CEO, Terry Leahy, who said he expects Fresh & Easy will be a success and that he expects Clarke to continue to expand the chain.

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REI to enter Manhattan

BY CSA STAFF

New York Recreational Equipment Inc. (REI) has signed a 15-year lease for its first Manhattan location. The 39,000-sq.-ft. store will be located downtown, in the landmark Puck Building, at 295 Lafayette St., on the corner of East Houston Street. Asking rent for the space was around $275 a square foot, Crain’s New York Business reported.

“Our new store in the Puck Building will provide a resource to serve New Yorkers, visitors and community groups eager to enjoy the great outdoors from bike paths and urban greenways to wild and scenic destinations around the world,” said Sally Jewel, chief executive of REI, in a statement. The company expects the store to open in fall of 2011.

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Dick’s Sporting Goods names new board member

BY CSA STAFF

PITTSBURGH Dick’s Sporting Goods announced that Jacqualyn Fouse has been elected to the company’s board of directors.

Effective September 27, Fouse will be joining Celgene Corporation, a global biopharmaceutical company, to serve as its CFO.  Since July 2007, she has served as the CFO of Bunge Limited, a global agribusiness and food company.

 

“We are pleased to welcome Jackie to our board,” said Edward Stack, chairman and CEO. “She is well seasoned in the world of finance with nearly 30 years of experience. Her combined insight and expertise will be an excellent contribution to and further enhancement of the Dick’s Sporting Goods board.”

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