Wet Seal taps Gap veteran Seipel as president and COO
Foothill Ranch, Calif. — The Wet Seal announced Monday that it has hired Ken Seipel as president and COO, effective March 28.
Seipel will report to CEO Susan P. McGalla.
Seipel was previously president and chief merchandise/marketing officer of Pamida Discount Stores LLC, a regional general merchandise discount retailer. Prior to that, he was executive VP of stores, operations and store design for the Old Navy division of Gap.
Macy’s joins list of retailers supporting Japanese relief efforts
CINCINNATI — Macy’s Inc. announced that it will make a corporate contribution of $100,000 in cash tothe American Red Cross for earthquake and tsunami relief on behalf ofMacy’s and Bloomingdale’s associates across America. In addition, the company said it will match,on a dollar-for-dollar basis, allemployee contributions of $25 or more to the American Red Cross andother U.S.-based organizations providing rescue and relief assistancein Japan.
The company added that Macy’s and Bloomingdale’s will support Polo Ralph Lauren’s efforts to help Japan byoffering a Ralph Lauren mesh Japan Relief polo shirt that will be soldto customers at select Macy’s stores, Bloomingdale’s stores and onmacys.com and bloomingdales.com. The shirt will sell for $98, with100% of the proceeds donated to Central Community Chest of Japan, partof United Way Worldwide.
"We are deeply moved by the series of recent events which are havingsuch a devastating effect on the people of Japan and we wish to offerour support to help them endure and recover from the widespreaddestruction of the earthquake and tsunami," said Terry Lundgren,Macy’s Inc. chairman, president and chief executive officer. "In timeslike these, the world comes together and we are always so proud to seethe outpouring of generosity by our company’s associates, customers andvendors. As Americans, we have a special relationship with the Japanese.We hope that our role in the larger international relief effort can helpalleviate the suffering and devastation of those who lost family,friends, homes, possessions and peace of mind."
The Bargain Shops names Dollar General exec as CEO
Toronto — Canadian discounter The Bargain Shops said Tuesday it has hired Beryl Jack Buley, former division president of Dollar General Corp., as its CEO.
The retailer said it is prepping for Target Corp.’s takeover of former Zellers stores across Canada in two years, which could shift some of Bargain Shop customers over to Target.
According to an Associated Press report, however, Buley said he is not worried about the impending competition from Target, saying that “enormous opportunity” remains in Canada.