OPERATIONS

Sears Holdings names Tesco exec as Kmart’s president and chief member officer

BY Katherine Boccaccio

Hoffman Estates, Ill. — Sears Holdings announced that Alasdair James has joined the company as president and chief member officer for the Kmart business.

James is a seven-year veteran of Tesco, where he held roles of increasing responsibility, most recently as commercial director for the company’s global business unit. Prior to that, he spent two years managing Tesco’s China operations as executive VP and commercial director.

According to Sears Holdings, James will be responsible for driving the Kmart format strategy, managing the Kmart P&L, and aligning merchandise, marketing, pricing and selling with the needs and wants of Shop Your Way members.

"Alasdair will work closely with me and our business unit leaders to understand the preferences of Shop Your Way members who shop at Kmart," said Edward S. Lampert, Sears Holdings chairman and CEO. "He will be responsible for the Kmart strategy, its performance and its continued transformation as an integrated retail format."

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OPERATIONS

Ed Krell resigns from Destination Maternity CEO post

BY Katherine Boccaccio

Philadelphia — Capping a turbulent summer for maternity apparel retailers, Destination Maternity CEO Ed Krell has resigned effective immediately, and will be replaced by Anthony Romano, former CEO of Charming Shoppes, Inc.

Krell’s departure was announced less than two weeks after his company’s unsuccessful takeover of rival retailer Mothercare. The $446 million offer by Destination Maternity was deemed too low, prompting Krell to say he was “disappointed that the shareholders of Mothercare have not supported our proposal," and that Destination Maternity would not be raising the bid.

Krell started his tenure at Destination Maternity as CFO in 2002 and has served in the chief executive spot since 2008.

"After leading the team that significantly strengthened the company over the past six years as CEO, the board and I decided that this was a logical time for a change in leadership at the company, and a logical time for me to pursue other opportunities,” said Krell in a statement.

Incoming CEO Romano, 52, joined Charming Shoppes in 2009 as executive VP and was named CEO in 2011, leading a turnaround of the struggling retailer that delivered the first operating profit in four years and, ultimately, a sale to Ascena Retail Group in May 2012. Romano remained president and CEO of Charming Shoppes post-sale, departing in March 2013.

"I look forward to working with the company’s many talented employees to grow the business by deepening our understanding of our customers and translating this knowledge into even more exciting collections and experiences," said Romano of his new position with Destination Maternity.

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Schnuck class-action notification underway

BY Katherine Boccaccio

St. Louis — A settlement in a Schnuck Markets, Inc., security breach class-action lawsuit has been reached and a notification program is underway, as approved by the Circuit Court of the City of St. Louis, State of Missouri.

Customers of 79 Schnuck grocery stores are being alerted that the breach, which occurred between December 9, 2012 and March 30, 2013, has been settled and that they may be entitled to a share of the proceeds.

On March 30, 2013, Schnucks announced that its computer systems had been compromised; the incident involved the insertion of malicious computer code that targeted data in the magnetic stripe of credit and debit cards swiped at 79 Schnucks stores.

The lawsuit claims that Schnucks was responsible for the security incident because Schnucks did not take appropriate care to protect its payment card systems from hacking. Schnucks denies all of the claims and says it did not do anything wrong.

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