OPERATIONS

RILA announces appointments in retail operations

BY Staff Writer

Arlington, Va. — The Retail Industry Leaders Association (RILA) announced that Garth Gasse has joined the association as director of retail operations, asset protection and Lisa LaBruno has been promoted to SVP retail operations.

In her new capacity, LaBruno will oversee RILA’s operational efforts, which bring together executives from across the retail enterprise, including supply chain and asset protection, to address challenges and advance the retail industry. LaBruno will also play a major role in the planning of RILA’s educational and networking conferences.

Garth Gasse joins RILA following 14 years with Toys “R” Us and Babies “R” Us, most recently as regional asset protection manager. In his new role Gasse will work with loss prevention executives from across the retail industry to identify common challenges and leading practices. Gasse will report to Lisa LaBruno.

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OPERATIONS

Wal-Mart creates new position to oversee alternative formats

BY Katherine Boccaccio

Bentonville, Ark. — Wal-Mart Stores Inc. said Friday it has created a new executive position to oversee new store formats in international markets.

Lev Khasis, who joined the company in 2011 after working in Russian retail, was named president and CEO of new formats for Wal-Mart International. He built up Russia’s largest food retailer X5 through acquisitions into a market leader before resigning to join Wal-Mart Stores.

Khasis “has a track record of developing innovative formats, and he will now focus on developing new concepts that can be deployed across our markets to provide future growth,” Wal-Mart spokesman Kevin Gardner said in an emailed statement.

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T.Heffner says:
Mar-12-2013 07:05 am

He has a good work record, so, he will surely be an asset to the company. Based on his previous track record, there is no doubt that he can do the job well. - Thaddeus Heffner

T.Heffner says:
Mar-12-2013 07:05 am

He has a good work record, so, he will surely be an asset to the company. Based on his previous track record, there is no doubt that he can do the job well. - Thaddeus Heffner

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OPERATIONS

Consumer confidence rises on hiring advance

BY Katherine Boccaccio

Washington, D.C. — A report released Thursday by Bloomberg showed that consumer sentiment climbed last week and U.S. companies added more workers than projected in December.

The Bloomberg Consumer Comfort Index rose to minus 31.8 in the period ended Dec. 30, its highest since April, from minus 32.1 a week earlier, according to the report. Figures from the ADP Research Institute showed a 215,000 increase in employment, the largest since February, while the Labor Department said more Americans filed claims for jobless benefits last week.

“The economy is growing quite well,” David Sloan, a New York-based senior economist at 4Cast Inc., told Bloomberg. “The labor market seems to be expanding at a fairly solid pace. Consumer spending will continue to grow, but slowly.”

The pickup in U.S. hiring may be helping to boost Americans’ confidence. For the year, the Bloomberg Consumer Comfort Index climbed 12.9 points, the biggest annual improvement since 1998.

Last week’s gains were broad-based, indicating even wealthier households were less concerned about tax increases and fiscal policy challenges heading into 2013. The report showed sentiment among Americans earning $100,000 or more was the highest in more than two years.

For all of 2012, the comfort index averaged minus 38.1, the highest since 2007. Nonetheless, it remains below its long-term average of minus 15.8.

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