Sports Authority launches its first customer rewards program
Englewood, Col. — Sports Authority has announced the launch of its first-ever customer rewards program, The League, which offers members 5% back on their total point balances of 100 points or more earned quarterly.
The program offers one of the highest reward funding rates, as well as the lowest reward threshold amongst leaders in the full-line sporting goods retail industry, allowing members qualify for rewards sooner, the retailer said.
Members of The League receive one point for every dollar spent on qualifying purchases at Sports Authority or S.A. Elite by Sports Authority. Those who accumulate 100 points or more during the quarterly earning period will receive 5% back on their total point balance in the form of a reward to use on all in-store merchandise. Rewards are issued to qualifying members and can be redeemed within 60 days of issuance.
“We are excited about the national launch of The League, Sports Authority’s new Rewards program. The League offers industry-leading benefits for our customers and reinforces our commitment to providing great value, along with an outstanding selection of top sporting goods brands,” said Darrell Webb, president and CEO of Sports Authority, which operates 470 stores nationwide.
Sears Holdings names corporate treasurer
Hoffman Estates, Ill. — Sears Holdings said that Scott Huckins will join the company as VP and corporate treasurer.
Huckins comes to Sears Holdings from RSC Holdings where he served as VP and treasurer, responsible for global treasury, credit and investor relations activities.
Wal-Mart details voting results for board members
Bentonville, Ark. — Wal-Mart Stores on Monday released the tally of its shareholder vote on Friday in which all directors of its board reelected. The voting showed some dissent against key executives and board members, including CEO Mike Duke, in the wake of allegations of bribery in Mexico.
According to the tally, CEO Mike Duke received 87% of votes in favor of his re-election. In other results, Chairman Robson Walton, son of Sam Walton received 87% in favor of re-election, and former CEO Lee Scott received 84%.
Descendants of Wal-Mart’s founder own about 50% of Wal-Mart’s shares.
In related news, one new director, Marissa Mayer, VP Local and Maps, Google Inc., was elected to the Wal-Mart board.