Wegmans Plans Huge Baltimore Store
Hunt Valley, Md., Even by Wegman’s lofty standards, the Rochester, N.Y.-based specialty grocer’s newest store is large. On Oct. 2, Wegmans will open a new 140,000-sq.-ft. supermarket in the Hunt Valley Towne Center. Normal Wegmans stores fall in the 80,00-sq.-ft. to 130,000 sq. ft., so the company’s first venture into the state of Maryland may be its biggest yet.
According to the Baltimore Business Journal, local grocers are already bracing for the impact of Wegmans by providing more produce, specialty items and organic food to their customers. Wegmans already runs 68 stores in New York, New Jersey, Pennsylvania and Virginia.
Container Store Makes Executive Moves
Dallas, The Container Store named Sharon Ellis as its CFO. She has more than 15 years of financial and banking experience, most recently as senior VP of commercial banking at JPMorgan Chase. The company’s CFO position was previously held by Stefan Ferm, who will now focus on his role as chairman and CEO of wholly owned subsidiary elfa International AB and executive VP of international operations for The Container Store.
In addition, three new VPs were named. Mona Williams has been promoted to VP of buying from senior merchandise director. Peggy Doughty has been promoted to VP of visual merchandising after serving as senior merchandise director. Lucy Witte has been promoted to VP of marketing from her prior position as director of sales and marketing.
H&M to Drop Model Moss Over Admitted Drug Use
New York City, Yesterday, H&M dismissed Kate Moss as its centerpiece from a planned advertising campaign following an admission of cocaine use by the top model. The verdict by Europe’s largest clothing chain, with 78 American stores, came as a surprise, considering that H&M earlier stated that Moss would be forgiven and the campaign would proceed as scheduled.
However, after H&M’s initial pardoning, public complaints via the Internet and the media seemed to force the European retailer’s hand. With such a strong client base of teenagers and young adults, H&M deemed it best to distance itself from drugs, as H&M representative Jennifer Uglialoro cited the need for retailers to employ “healthy, wholesome, and sound” agents.
As for Moss, her future is uncertain. Earning more than $9 million a year, she appears in advertising campaigns for many top fashion companies, including Chanel, Burberry and Dior. At this point, it is unclear whether other companies will follow H&M’s lead and distance themselves from Moss.