OPERATIONS

Two Best Buy directors resign

BY Marianne Wilson

New York — Two directors of Best Buy Co. have resigned from the board of the retailer, the company disclosed in a regulatory filing Monday, the Wall Street Journal reported.

G. "Mike" Mikan, who served as Best Buy’s interim CEO in the wake of CEO Brian Dunn’s resignation last April, has left the board to become president of ESL Investments Inc., the hedge fund run by Sears’ Edward Lampert. Mikan, whose appointment is effective Jan. 1, will report to Lampert, the firm said today in a statement.

Matthew H. Paull, Best Buy’s lead independent director, is resigning but will remain on the board until the company’s quarterly meeting in April, the Journal said.

keyboard_arrow_downCOMMENTS

Leave a Reply

P.Lopez says:
Apr-20-2013 12:07 pm

chat random
Matthew H. Paull, Best Buy's lead independent director, is resigning but will remain on the board until the company’s quarterly meeting in April, the Journal said. chat random

P.Lopez says:
Apr-20-2013 12:07 pm

Matthew H. Paull, Best Buy's lead independent director, is resigning but will remain on the board until the company’s quarterly meeting in April, the Journal said. chat random

williamson says:
Apr-15-2013 06:37 am

G. "Mike" Mikan, who served
G. "Mike" Mikan, who served as Best Buy's interim CEO in the wake of CEO Brian Dunn’s resignation last April, has left the board to become president of ESL Investments Inc., the hedge fund run by Sears’ Edward Lampert. Mikan, whose appointment is effective Jan. 1, will report to Lampert, the firm said today in a statement.hermes outlet , babul-ilm

williamson says:
Apr-15-2013 06:37 am

G. "Mike" Mikan, who served as Best Buy's interim CEO in the wake of CEO Brian Dunn’s resignation last April, has left the board to become president of ESL Investments Inc., the hedge fund run by Sears’ Edward Lampert. Mikan, whose appointment is effective Jan. 1, will report to Lampert, the firm said today in a statement.hermes outlet , babul-ilm

P.Anthony says:
Apr-13-2013 04:53 am

a-engineers
I would like to say thank for sharing this great article. We can’t get this kind of information from a-engineers

P.Anthony says:
Apr-13-2013 04:53 am

I would like to say thank for sharing this great article. We can’t get this kind of information from a-engineers

A.Arif says:
Apr-04-2013 04:19 pm

You may post on the quotes
You may post on the quotes for the blog. You could tell how it's brand new. Your blog thoughts will springboard your participates. There’s More…

A.Arif says:
Mar-15-2013 11:55 am

You could comment on the
You could comment on the navigation of the blog. You may allot it's top rated. Your blog analysis could heighten your friends. patchwork quilts

A.Arif says:
Mar-12-2013 02:18 pm

Hello,I love reading through
Hello,I love reading through your blog, I wanted to leave a little comment to support you and wish you a good continuation. Wishing you the best of luck for all your blogging efforts. travel trends fiberglass tub refinishin

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Report: Starbucks among the bidders for Tully’s Coffee

BY Staff Writer

New York — Starbucks Coffee Co. is one of seven bidders for Tully’s Coffee, according to The Seattle Times. The bids were filed on Thursday as part of an auction process for Tully’s, which filed for bankruptcy protection in October.

The report said that Starbucks’ offer is for about half of the Tully’s stores. Tully’s currently has 47 company-operated stores.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Nordstrom Rack reaches Maine

BY CSA STAFF

SEATTLE — Nordstrom plans to open another new Rack store this spring in Maine as the number of off price locations now exceeds the company’s full price stores.

The approximately 30,000-sq.-ft. store at Maine Crossing Shopping Center will be its first location in the state, and is scheduled to open this spring.

Nordstrom Rack is the off-price retail division of Nordstrom, carrying on-trend merchandise from Nordstrom stores and Nordstrom.com at 50-60% off original Nordstrom prices. Nordstrom Rack also offers a wide selection of apparel, accessories and shoes from many of the brands carried in Nordstrom stores. These items are purchased specially for Nordstrom Rack, with most at savings of 30-70% off.

"We’re excited to have the opportunity to open a Nordstrom Rack in South Portland," said Geevy Thomas, president of Nordstrom Rack. "We’ve been looking for ways to better serve our customers living in Maine who have been making the drive to visit our Rack stores in Boston and look forward to taking care of them when we open this spring at Maine Crossing."

Maine Crossing is a 274,000-sq.-ft. open-air shopping center accessible off Interstate 95 and close to Interstate 295. The new Nordstrom Rack will occupy the former Old Navy space.

The new Nordstrom Rack will bring the total number of Nordstrom Rack locations to 120 for the retailer, which operates 240 stores in 31 states, including 117 full-line stores.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...