Sports Authority announces new chief merchant
Englewood, Colo. Sports Authority announced the appointment of retail industry expert Gwen Manto to oversee all merchandising, planning, allocation, replenishment, supply chain and product development functions.
Manto, previously served as executive VP and chief merchandising officer for Dick’s Sporting Goods. Manto’s appointment is effective June 1, the company reported.
Prior to Manto’s employment with Dick’s Sporting Goods, she served as executive VP softlines for Sears, Roebuck & Co., where she led the apparel and soft home categories. Manto has also served as vice chairman and chief merchandising officer for Stein Mart and as president and CEO of Kid’s Foot Locker. Earlier in her career, Manto held the senior-level merchant roles at both Kids “R” Us and Babies “R” Us.
Saks to close store in Charleston, S.C.
New York City Saks plans to shut its Saks Fifth Avenue store in Charleston, S.C., by July 17, the company said on Monday.
The 60 workers at the store will be given the chance to transfer to another store or will receive a severance package, according to chairman and CEO Steve Sadove.
This is the third closure recently announced by the company, as it previously said it would close Saks Fifth Avenue locations in Portland, Ore., and San Diego in July. The closures are part of the company’s strategy to increasingly focus on its most lucrative locations.
Saks, which will report its first-quarter results on Tuesday, runs 53 Saks Fifth Avenue stores and 55 Saks Off 5th stores.
Trader Joe’s founder to chair Cost Plus board
Joseph Coulombe, founder of the Trader Joe’s grocery chain, has been named non-executive chairman of the Cost Plus board of directors.
According to a report by the San Francisco Business Times, Coulombe will replace Frederic Roberts, whose term expires June 17.
Coulombe was CEO of Trader Joe’s from 1957 until 1989. He has served on the Cost Plus board since 1995. He also sits on the True Religion Apparel board of directors.