OPERATIONS

Tuesday Morning names former Home Depot exec as general merchandise manager

BY Dan Berthiaume

Dallas – Tuesday Morning Corp. has named Melissa Phillips as executive VP and general merchandise manager, effective immediately. She brings 15 years of buying and retail experience to Tuesday Morning. Since 2009, she has served as general manager for The Home Decorators Collection (HDC) at The Home Depot.

In her position, Phillips will ensure that Tuesday Morning’s merchandising vision is executed through the refinement and execution of its merchandising strategy, further strengthen strategic vendor relationships, accelerate development of the buying teams and improve inventory management. She will report directly to CEO Michael Rouleau.

"Much of Tuesday Morning’s turnaround is based on having a constantly changing assortment of great quality home and home-related merchandise at an outstanding value,” said Rouleau. “Melissa’s outstanding vendor relationships, strong buying experience and proven leadership capabilities are ideally suited to executing our merchandising strategies, and we are delighted to welcome her to the senior leadership team."

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OPERATIONS

DSGE names COO as chairman, president and CEO

BY Dan Berthiaume

Dallas – DGSE Companies Inc. has named James D. “Dusty” Clem to the positions of chairman, president and CEO, effective immediately. Clem replaces James Vierling, who has resigned as CEO and as a director of DGSE to accept a position with Elemetal LLC, DGSE’s largest shareholder.

In addition, Brett Burford, who has served as DGSE’s CFO since August 2012, was named to DGSE’s board of directors, effective immediately, replacing Vierling on the DGSE board. Clem became COO in December 2012. Previously, he served as DGSE’s VP of sales and marketing from 2008 to 2012. Prior to 2008, Clem was with the Heritage Organization LLC, an estate planning firm, for seven years.

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REAL ESTATE

Arby’s signs multiple franchise agreements

BY Dan Berthiaume

Atlanta – Arby’s Restaurant Group Inc. (ARG), franchisor of Arby’s, has signed development agreements with new and existing franchisees. ARG recently sold 14 company-operated restaurants in Tampa, Fla., to Mosaic Investments Inc., a fully integrated investment firm based in Atlanta. In addition to remodeling existing locations slated to commence at the end of 2014, Mosaic has committed to build 13 new Arby’s restaurants in the Tampa area during the next nine years.

In addition, Arby’s largest franchisee, United States Beef Corporation, has signed a development agreement to open 38 new Arby’s restaurants in the Colorado market during the next seven years. U.S. Beef Corporation recently purchased 48 Arby’s in Colorado, Idaho, and Wyoming, bringing their total to 323 restaurants.

Also signing development agreements were Love’s Country Stores, Inc. and the Army and Air Force Exchange Service. Loves has been a franchisee with the Arby’s system since 1999 and currently own and operate 48 Arby’s restaurants in their Travel Stops throughout Alabama, Arizona, California, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Nevada, New Mexico, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, and Virginia.

The Exchange opened its first Arby’s location in 2010 at Ft. Bliss in Texas. Since then, the Exchange has developed ten additional Arby’s, including a second at Ft. Bliss in 2013, as well as locations at Ft. Benning, Ft. Carson, Ft. Meade, Nellis Air Force Base, Edwards Air Force Base, Hill Air Force Base, Ft. Eustis, Joint Base San Antonio-Lackland and Ft. Stewart.

In total, Arby’s has 211 development commitments for new restaurants globally as of first quarter 2014.

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