Target replaces Canada head, promotes U.S. execs
Minneapolis – In a management shakeup, Target Corp. has replaced Tony Fisher, president of its troubled Canadian operations, with 15-year company veteran Mark Schindele, effective immediately.
In this position, Schindele will report to Kathee Tesija, chief merchandising and supply chain officer, whose responsibilities include Target Canada. He brings 22 years of retail experience, including 15 years at Target, where he launched new store formats including PFresh and CityTarget. Target has cited weaker-than-expected Canadian sales growth as hurting its financial performance and also included it as a reason for terminating former CEO Gregg Steinhafel. Schindele joined Target in 1998.
“We are grateful to Tony for leading Target’s first international launch,” said John Mulligan, Target’s interim president and CEO. “One of our key priorities is improving performance in Canada more rapidly and we believe it is important to be aggressive. We have a committed team who is focused on delivering an outstanding shopping experience to our Canadian guests and getting our performance on track. Mark’s broad understanding of the retail industry and his record of leading global operations will help accelerate efforts to drive improvements across our Canadian business.”
Target also plans on naming a non-executive chair in Canada. In this newly created advisory role, the non-executive chair will provide counsel and support to the president of Target Canada to ensure all strategies and tactics align with the Canadian marketplace.
"Target is committed to making more rapid progress in Canada and I am personally very excited about working alongside the team to improve operations and deliver a Target experience that will earn us the trust and loyalty of our Canadian guests," said Schindele.
In the U.S., Target is also elevating three senior merchandising leaders and realigning the team as the company focuses on driving improved performance. Trish Adams has been promoted to executive VP apparel and home; Jose Barra has been promoted to executive VP, essentials and hardlines; and Keri Jones has been promoted to executive VP merchandising planning and operations.
Target added that the timing of the leadership changes is unrelated to its first quarter 2014 financial results, which the company is scheduled to announce May 21. The news comes a day after the company brought onboard Peter Glusker as senior VP, new business integration and operations, as well as a day after a regulatory filing confirmed that Target cut the compensation of former CEO Gregg Steinhafel to $13 million in fiscal 2013 from $20.6 million in fiscal 2012.
Shelfbucks taps ShopperTrak founder as chairman of the board
Shelfbucks, a leading iBeacon promotion platform for retail stores, has appointed retail industry veteran Bill Martin, founder of ShopperTrak, as chairman of its board of directors.
Martin will oversee Shelfbucks’ growth in the retail sector, guiding the company’s strategic planning, operations and marketing efforts.
"Twenty years ago Bill Martin transformed the retail landscape by delivering an emerging technology to pioneer new ways for retailers to measure performance, create the best shopping experience and achieve new growth," said Erik McMillan, CEO of Shelfbucks. "He introduced retailers to the concept of ‘conversion rate.’ With beacon technology now moving to the forefront of retail innovation, there is no person more qualified to help steer Shelfbucks through the hurdles of disrupting a market as we transform the in-store promotion industry."
A shopper browsing a product area can interact with Shelfbucks beacons using a smartphone and immediately access expert content, promotional offers, ratings and reviews, as well as relevant data on nearby products.
"In my 30 years in the retail industry, I’ve seen thousands of ideas and companies try to enter the marketplace, and when a product like Shelfbucks comes along with all the right components to truly change the industry for the better, it’s a winner," said Martin. "This is a new horizon for retail, and Shelfbucks provides tremendous potential for retailers and brands to better leverage their most valuable asset — shoppers."
Martin will continue to serve as EVP of Chicago-based ShopperTrak, which he founded 1995, and will remain actively engaged in that company’s day-to-day operations, strategic planning and marketing processes.
He assumes the chairman position from Brett Hurt, founder of Bazaarvoice and Coremetrics. Hurt is an early Shelfbucks investor and will continue to serve on the Shelfbucks Advisory Board.
Former CVS CMO to head Edible Arrangements International
Robert Price, former SVP and CMO for CVS, has been named president of Edible Arrangements International.
The operator of more than 1,100 stores worldwide is looking to Price to help significantly grow the brand’s global presence.
"This is an incredibly exciting time for Edible Arrangements as we embark on an era that promises unique new opportunities for dramatic growth," said founder and CEO Tariq Farid. "A lot of our focus over the past year has been on putting the pieces in place that will allow us to take full advantage of these new opportunities. The addition of Rob, with his experience and expertise, significantly enhances the talented leadership team we now have."
At CVS/pharmacy, Price led all marketing, advertising, sales promotion, e-commerce, customer insights, store design and customer loyalty programs for the 7,400-store pharmacy chain.
"This is a tremendous opportunity," Price said. "Edible Arrangements is a company with an impressive record of innovation, dedicated franchisees and world-class technology. I am excited to work with Tariq and the Edible Arrangements team to help the company reach its full potential."
Prior to CVS/pharmacy, Price’s held positions with Wawa Food Markets; H-E-B Grocery Stores; Imasco Limited (the former parent company of Hardees and Roy Rogers Restaurants); and The Monitor Company, a strategy consulting firm. Price graduated from Cornell University with a BS in applied economics and earned an MBA from the Harvard Business School where he was a Baker scholar. He is also a member of the 2012 class of Henry Crown Fellows at the Aspen Institute.