OPERATIONS

Save Mart Confirms CFO

BY CSA STAFF

Modesto, Calif. Save Mart Supermarkets confirmed the appointment of Stephen Ackerman as CFO. He had been acting CFO and VP of finance since May.

Save Mart operates nearly 250 stores in Northern California and Northern Nevada.

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OPERATIONS

Stage Stores Names President, COO of Peebles Division

BY CSA STAFF

Houston Stage Stores, Inc. announced that Richard Maloney joined the company as president and COO of its Peebles division. Maloney succeeds Dennis Abramczyk, who announced his intent to retire in January 2008.

Maloney has over 31 years of retail experience, while 15 of which were in senior executive roles. Prior to joining Stage Stores, Maloney spent five years as a business consultant, and seven years as president and CEO of the Meier and Frank division of The May Department Stores Co. (now part of Macy’s).

Maloney also held various senior merchandising positions of increasing responsibility at a number of former Macy’s divisions.

He will be responsible for all operations of the Peebles division, including merchandising, marketing, planning and allocation, and store operations.

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OPERATIONS

Walgreen’s Rein to Join J.C. Penney Board

BY CSA STAFF

Plano, Texas The chairman and CEO of Walgreen Co., Jeffrey Rein, will join J.C. Penney Co. Inc.’s board of directors Dec. 9.

Rein will be the 12th member of the company’s board.

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