Shoppertrak Appoints President and CEO
ShopperTrak, the world’s leading provider of retail intelligence solutions and services, today announced the appointment of Christopher Ainsley to the position of president and CEO.
As president and CEO, Ainsley will draw on his expertise guiding the growth of international companies to accelerate ShopperTrak’s ongoing expansion, positioning it for long-term success as the retail industry’s clear leader in strategic intelligence and information products. Additionally, he will be responsible for leading all aspects of the company’s day-to-day operations as they relate to revenue growth and company direction.
Ainsley comes to ShopperTrak from The Patent Board, Chicago, where he served as president and CEO since January 2007. In that position, he successfully transitioned the company from a consultancy to a business model of online tools and analytical products.
He previously served for two years as senior VP of global strategy and business development for New York-based LexisNexis, where he was responsible for all strategic, acquisition and divestiture activities for the $2.5 billion company.
Prior to joining LexisNexis Ainsley served for more than three years as president and CEO of Chicago-based Wolters Kluwer Health, one of three international divisions of Wolters Kluwer NA, the global business publisher headquartered in Amsterdam, Netherlands.
Ainsley is a member of the Economic Club of Chicago, the Leander Club of Henley-on-Thames, and the Racquet Club. He is a resident of Wilmette, Ill.
Staples to offer no-return DVD rentals
FRAMINGHAM, Mass. Staples, according to reports, is offering a new service that allows customers to rent DVDs at its stores without having to return them.
Starting in mid June, customers will be able to rent a limited selection of titles, which are on Flexplay DVDs that automatically erases the content after 48 hourse from opening the inner package. Customers can recycle the DVDs with other plastics.
Linens ‘N Things approved for DIP financing
CLIFTON, N.J. Linens ‘N Things reported that the United States Bankruptcy Court for the District of Delaware entered a final order approving the company’s $700 million Debtor-in-Possession (DIP) financing by General Electric Capital. The approval, granted during a Wednesday, May 28 hearing before Judge Christopher Sontchi, provides LNT with access to the capital necessary to meet its ongoing obligations during the restructuring process.
“We are pleased with the Court’s approval of our financing as it is an important step in our restructuring efforts,” said Michael Gries, chief restructuring officer and interim ceo. “It reinforces our commitment to the vendor community and to providing our guests with the assortment of merchandise and quality of service they have come to expect from Linens ‘N Things.”
Linens ‘N Things filed to reorganize under Chapter 11 on May 2 in the United States Bankruptcy Court for the District of Delaware. Interim approval of the DIP financing was granted on the same day.