OPERATIONS

Tommy Bahama announces senior management appointees

BY Staff Writer

Seattle — Tommy Bahama Group said Wednesday that Joel Gardner has been promoted to senior VP retail, and Bornie Del Priore has been named VP of Tommy Bahama Footwear, a new division for the company.

Gardner has been with Tommy Bahama since 2006, most recently as VP retail planning and merchandising. Before joining Tommy Bahama, he was VP retail at The Orvis Co.

Del Priore has spent the last four years at Tommy Hilfiger USA, most recently as executive VP accessories. She also spent 15 years at Ralph Lauren Footwear.

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FINANCE

Gymboree swings to profit in Q1; plans 105 new stores in 2012

BY Katherine Boccaccio

San Francisco — Gymboree Corp. reported Thursday net income of $4.2 million for the quarter ended April 28, compared with a loss of $10.4 million in the same period last year.

Sales rose 10.2% to $297.8 million, and same-store sales edged up 1%.

The retailer said it is on track to open 105 stores in fiscal 2012, which include 80 Crazy 8 locations. Crazy 8 is Gymboree’s discount concept.

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News

Workforce reduction confirmed at Albertsons

BY CSA STAFF

FULLERTON, Calif. — A store-level workforce reduction is planned for Albertsons’ Southern California division.

The Supervalu subsidiary said 2,200 to 2,500 positions would be eliminated across all Albertsons stores in California and Nevada and is expected to directly impact a small number of positions at any specific store location. The company said the workforce reduction aims to "[simplify] its organization and reducing expenses to help reinvest in more customer facing initiatives" and added that "Albertsons has not kept pace with the changing needs of its customers for a number of reasons."

"A decision of this nature is never easy, but it is the necessary step for us to take to help improve our business and accelerate our turnaround," Albertsons’ Southern California division president Dan Sanders said. "Our goal is to more effectively serve the marketplace by scheduling associates more appropriately to serve customers at the times they shop. I am confident our team will embrace these changes and help us to compete more effectively in a rapidly changing marketplace."

The workforce reduction will go into effect the week of June 17 and should be completed near July 1, the company said.

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