West Marine details sustainability progress
Watsonville, Calif. — West Marine has released its BlueFuture(R) 2012 Sustainability Report. The study encompasses the retailer’s company-wide efforts focusing on sustainability, including improving and protecting the marine environments, reducing the company’s carbon footprint and encouraging people to enjoy being out on the water.
Included in the report is a reduction in the company’s greenhouse gas of 4.29% year over year, with an over 17.5% reduction since its 2007 baseline.
"There is no company in the U.S. that has a bigger impact on boating than West Marine," said Matt Hyde, CEO of West Marine, which operates some 300 stores. "It’s a privileged position, and with privilege comes great responsibility. Across the board, we’ve made significant progress towards our mission to ‘conserve marine resources, reduce our impact on the environment and promote boating,’ but there’s more work to do.”
Restoration Hardware shareholders to sell 10 million shares
Corte Madera, Calif. — Restoration Hardware Holdings Inc. said Friday that a group of stockholders will plan to sell up to 10 million shares of the company.
The company registered an offering of up to 10 million shares worth as much as $753.2 million. It did not specify who will sell the shares or when the offering is expected to close.
Restoration Hardware’s biggest shareholders are the private equity firms Catterton Partners and Tower Three Partners, followed by Glenhill Capital.
Chairman and co-CEO Gary Friedman holds 6.9% of Restoration Hardware’s shares. Co-CEO Carlos Alberini owns 3.9%.
Friedman, who stepped down as chairman and co-CEO of the chain last October, recently returned to both those roles.
Junction Solutions appoints new SVP, sales
DENVER — Junction Solutions, a leading provider of hosted and cloud-based software and services for the multichannel retail and food and beverage sectors, has appointed John Bonati as SVP of sales.
Bonati will manage the global sales activities for the company’s industry-specific software and service solutions.
He has more than 25 years of experience working with leading software and services companies. Most recently, Bonati served as VP of sales at Itelligence, a $500 million full-service solution and consulting company operating in 21 countries and SAP’s largest global reseller. He also served as VP of sales at SAP America, and VP of global accounts, Americas, for JD Edwards, now a part of Oracle.
“John is a compelling addition to our formidable management team,” said Jeff Grell, CEO of Junction Solutions. “We are delighted to have such a strong and accomplished sales leader join our company. His global sales leadership expertise, along with his impressive talent and skills, will help deliver great value to our customers, partners and employees.”
“It’s an exciting time to join Junction Solutions with its robust organic growth and impressive accomplishments as a software and services provider, as well as a key Microsoft partner,” said Bonati. “I look forward to making strong contributions to the company’s growth and strategic goals.”
Junction Solutions’ solutions portfolio includes enterprise resource planning, supply chain management (SCM−demand, warehouse, yard and transportation management), production and scheduling optimization, trade promotions management, direct store delivery management, merchandising, order entry and call center management and mobile/Web-enabled product sourcing and traceability.