OPERATIONS

Target and Sam’s Club execs team up at RadioShack

BY Mike Troy

New York — Former Target EVP stores Troy Risch and former Sam’s Club senior VP and general merchandise manager Huey Long have joined RadioShack.

Risch will serve as EVP operations at RadioShack and oversee the company’s network of 4,700 stores and 1,500 wireless phone centers in the United States and 1,100 dealer and other outlets worldwide. Long will serve as EVP strategy and consumer insights and be responsible for marketing, business development and omnichannel.

Both will report to Dorvin Lively who was named RadioShack’s interim CEO after James Gooch resigned from that position several months ago.

Risch is a veteran of the operational ranks at Target where he spent 19 years before leaving the company last year. Risch began his career as a store manager and by 2006 had been elevated to the role of EVP stores. Long’s retail background is more varied. He spent the past two years in a merchandising capacity at Sam’s Club, but prior to that was director of global merchandising at Amazon for two years, president of Premier Resources International, COO of AB&T Sales various merchandising roles at Circuit City where he spent eight years.

Both men joined RadioShack in the wake of a disappointing financial performance during the third quarter ended Sept. 30, an ongoing search for a permanent CEO, unclear prospects for the future and a stock price that has sunk to the low single digits. Sales during the third quarter declined slightly to $1 billion, but the company reported a loss of $47 million, or 47 cents a share, compared with a meager profit the prior year.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
OPERATIONS

Report: U.K. holiday shopping still behind 2011

BY Katherine Boccaccio

London — A report released Wednesday by the International Council of Shopping Centers and Path Intelligence found that, although U.K. consumers are stepping up their shopping at the nation’s shopping centers, the pace is still trailing 2011.

The Path Index — compiled by ICSC and Path Intelligence and measuring shopping-center footfall and time spent per visitor — rose by 3.3% from the prior week to 140.2 (January 8, 2012 = 100) for the week ending December 16, 2012. Although the latest Path Index reading stood at its highest level of 2012, it was 6.6% below its comparable week of the 2011 holiday season.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
OPERATIONS

Louis Vuitton CEO resigns over significant health issue

BY Staff Writer

New York — Luxury group LVMH announced Tuesday that Louis Vuitton’s new CEO has resigned suddenly, citing a “significant health issue” as the reason for the departure.

Jordi Constans would be replaced by Michael Burke, CEO since February of Bulgari, the Italian jeweler that LVMH added to its stable of brands in 2011.

Burke served as CEO of Christian Dior USA from 1986 to 1993, when he took charge of Louis Vuitton North America, becoming deputy CEO of Christian Dior Couture worldwide in Paris in 1997.

Following the acquisition of Fendi by LVMH in 2003, he was appointed CEO.

keyboard_arrow_downCOMMENTS

Leave a Reply

D.Brisbane says:
Feb-27-2013 08:58 pm

There are a lot of reasons why he would resign from his job as a CEO, he may have a gambling addiction or had been caught stealing money and the board of directors found out. Michael Burke now has the opportunity to affirm himself, being the CEO of Louis Vuitton is a dream for a lot of people.

D.Brisbane says:
Feb-27-2013 08:58 pm

There are a lot of reasons why he would resign from his job as a CEO, he may have a gambling addiction or had been caught stealing money and the board of directors found out. Michael Burke now has the opportunity to affirm himself, being the CEO of Louis Vuitton is a dream for a lot of people.

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...