OPERATIONS

Supervalu realigning management

BY CSA STAFF

Minneapolis — Supervalu announced that it is restructuring its executive leadership team to ensure alignment around the company’s goals and to better drive and execute the company’s business turnaround.

Kevin Holt has taken on an expanded role as president of Supervalu Retail. In this position, Holt will drive the overall strategy for the company’s traditional retail and pharmacy divisions, including overseeing the marketing and merchandising functions. Holt came to Supervalu in May from Hudsonville Ice Cream and Kilwin’s Quality Confections in Michigan, where he was the president.

As part of this change, executive VP and chief marketing officer Michael Moore will now report to Holt, as will Tim Lowe, who has been promoted to executive VP of merchandising.

In addition, company-veteran Janel Haugarth has accepted the newly created position of executive VP, business optimization and process improvement. She will oversee efficiency and cost-cutting efforts.

keyboard_arrow_downCOMMENTS

Leave a Reply

M.Fourcall says:
Nov-14-2012 05:15 am

Your site contains useful information on this topic as I am working on a school project. Thank you posting relative information and its now becoming easier to complete this topic. http://www.investment-tips.org/

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

Taubman Asia in joint venture with department store retailer in China

BY Marianne Wilson

Hong Kong — Taubman Asia confirmed a joint venture agreement between Taubman TCBL and Beijing Wangfujing Department Store (Group) Co., Ltd (Wangfujing), one of China’s largest department store chains.

The joint venture will own a controlling interest in and manage a shopping center to be located at Xi’an Saigao City Plaza, a large-scale mixed-use development in Xi’an, China, which is developed by Shaanxi Fuli Real Estate Development Co. Ltd. This is the first retail development by Taubman TCBL in China since the company was formed in late 2011.

The joint venture between Wangfujing and Taubman TCBL will have the majority ownership of the shopping center. The remaining ownership of the shopping center will be held by Shaanxi Fuli Real Estate Development Co. Ltd.

"This agreement is a major milestone for Taubman TCBL,” said. Rene Tremblay, president of Taubman Asia and chairman of Taubman TCBL. “It is the company’s first investment in the China market and we are proud to have formed a strategic partnership with Wangfujing, one of China’s most respected department stores."

keyboard_arrow_downCOMMENTS

Leave a Reply

J.Johnss says:
Jan-02-2013 03:05 pm

I would like to thank you for
I would like to thank you for your best written post, its informative and your writing style helped me to read it till end. Thanks man! swiss army knife

J.Johnss says:
Jan-02-2013 03:05 pm

I would like to thank you for your best written post, its informative and your writing style helped me to read it till end. Thanks man! swiss army knife

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Walmart gets jump on Target in Canada

BY CSA STAFF

MISSISSAUGA, Ontario — The first of 39 former Zellers stores Walmart bought from Targetin Canada celebrated its grand opening as a Walmart store earlier this month.

According to Walmart Canada, the 69,000 sq. ft. store located in Newmarket, Ontario, will feature easy-to-navigate aisles with directional signage, and a bright interior color palette todefine the store’s merchandise areas along withlower shelving to improvesightlines. The store will also conain a pharmacy.

"This store has an atypical footprint for a Walmart and is much smaller than most of the stores in our network," said Ken Farrell, vp ofstore development at Walmart Canada. "We worked within the existing footprint to design the store to fit the space and look and feel like a typical Walmart."

The Newmarket East store is one of 73 projects planned for the company’s current fiscal year, which will add 4.6 million square feet of retail space to its operations by January 31, 2013. The 73 projects include building new stores and expanding, remodelling or relocating existing stores and represent an investment of more than $750 million in Canadian communities. Included in these projects are 39 former Zellers stores. The 73 projects are expected to generate more than 14,000 store, trade and construction jobs.

Meanwhile, Target is on track to open 125 stores next year in former Zeller’s location. The company is said to be in the assortment planning process and working to edit the merchandise mix to accommodate the slightly smaller footprint of the Canadian locations.

The first round of openings are due for the March or April time frame in the greater Toronto area.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...