Safeway Cutting HQ Jobs
Pleasanton, Calif. Safeway is eliminating 69 jobs at its corporate headquarters in California and plans similar cuts at regional headquarters in other parts of the country. The job cuts won’t affect any workers at the chain’s 1,743 stores or its distribution centers. A Safeway spokesman said the cuts represent “modest staff reductions” designed to control expenses. Aside from the 69 jobs eliminated at its corporate home, the company did not specify the total number of jobs scheduled to be cut, though one published report put the number at 400 for more than a half-dozen regional offices ranging from Arizona to Virginia.
Safeway reported total sales of $42.3 billion for fiscal 2007 and earnings of $888 million but faces growing competition from rivals including newcomer Tesco, which plans to have 300 stores open in Safeway’s markets by the end of 2008.
Best Buy Appoints New Execs
Minneapolis Best Buy has named new leaders for its home technology, digital business and international strategy, the company said Wednesday.
Best Buy appointed Michael Vitelli to executive VP of its customer-operating groups. Vitelli will lead Best Buy’s PC mobility, home solutions and entertainment-operating groups and will oversee its enterprise merchandising and its private-label business.
David Morrish was appointed to a newly created position of executive VP of connected digital solutions. Morrish will develop a business strategy for new connectivity technologies.
David Berg, was promoted to executive VP of international strategy and corporate development, and will oversee mergers and acquisition activities.
In addition, Barry Judge was appointed chief marketing officer.
The appointments are effective March 2.
Foothill Ranch, Calif. Wet Seal Inc. said Tuesday its COO has resigned to become chief executive of a subsidiary of European retailer PPR SA.
Wet Seal Inc. said Tuesday its COO has resigned to become chief executive of a subsidiary of European retailer PPR SA.
Gary White will leave the company at the end of March to become CEO of United Retail Group Inc. White joined Wet Seal in 2004 as senior VP of sales and operations.
Wet Seal CEO Ed Thomas and other managers will distribute White’s duties among themselves.