Tesco Plans First San Francisco Store
San Francisco, Tesco has signed a deal to open a Fresh & Easy Neighborhood Market as part of a residential development in the Bayview area of San Francisco. The 15,000-sq.-ft. store will be part of a 360-unit condo project that’s due to break ground on Dec. 13.
Tesco is also in talks to open a distribution center in Stockton, Calif. that could support up to 500 Fresh & Easy stores in the Bay Area, Fresno and Sacramento. Meanwhile, Tesco is continuing its expansion in Southern California and the Southwest and plans to have 50 stores open by February 2008 in Los Angeles, Las Vegas, San Diego and Phoenix.
The Limited retains LP for loss prevention
MILFORD, Mass. The Limited and LP Innovations have reached an agreement under which LP will provide loss prevention services for all of The Limited Stores nationwide.
“During our search for a nationwide loss prevention solution provider, we consistently received positive feedback from similar retailers already utilizing LP Innovations,” said Tracey French, cfi and director of loss prevention for The Limited. “We look forward to leveraging LP Innovations’ talent base and practices to prevent shrink and increase profit.”
Michael Foods reports executive changes
MINNETONKA, Minn. Michael Foods announced that it has appointed several officers to new positions effective Jan. 1, 2008.
Gregg Ostrander is named executive chairman of the board of directors. Hejoined Michael Foods in 1993 and has served as ceo since 1994, also serving as chairman since 2001. He was also president for most of the period since 1994.
John Reedy is named a vice chairman. Reedy has served as cfo since 1988 and has been evp since 2000.
David Johnson is named ceo. He joined Michael Foods in April as president, coo and ceo-elect. He remains president. He has also been elected to the board of directors effective Jan. 1, 2008.
Mark Westphal is named cfo. He has served as senior vp of finance since 2006 and has served in various financial positions within Michael Foods since 1995. He remains a Senior Vice President.