Winn-Dixie Doesn’t Expect Albertson’s Sale to Hurt Results
Jacksonville, Fla. Winn-Dixie Stores Inc. said Thursday it does not expect Publix Super Market’s acquisition of some Albertson stores in Florida will hurt its performance, according to the Associated Press.
Winn-Dixie shares are down about 9% since the close of the market on Friday.
Privately held Publix agreed Monday to buy 49 Albertson’s in Florida.
“Based on our analysis, only 10 of the 49 stores are within a two-mile operating radius of a Winn-Dixie location that does not currently compete with an existing Publix,” Winn-Dixie CEO Peter Lynch said in a statement. “As a result, we do not believe this transaction will have a material impact on our long-term strategy or performance.”
Accent S.A. names sales vp
MILAN, Italy and FREMONT, Calif. Accent S.A., a leading fabless ASIC provider offering highly differentiated design and turnkey services for state-of-the-art SoC silicon solutions, announced that Graeme Finlayson has joined Accent’s executive team as the new vp of WW sales.
Federico Arcelli, ceo of Accent, said. “I am . . . delighted that Graeme Finlayson has joined our team. Graeme brings 25 years of very relevant sales experience in the ASIC, IP and service industries.”
Movie Gallery names new retail ops head
DOTHAN, Ala. Movie Gallery has announced that Sherif Mityas has been appointed coo of the company and president of retail operations, effective June 16. Jeffrey Stubbs, who formerly served as president of retail operations, has resigned from the company.
“Sherif is a strong and capable leader with an extensive background in retail operations, store merchandising and supply chain management,” said C.J. “Gabe” Gabriel, ceo of Movie Gallery. “His knowledge and understanding of the retail industry will be invaluable as we continue to build on the strength of our store operations, merchandising and supply chain management to improve our operating metrics. I look forward to working closely with Sherif to enhance store operations and better integrate our brands and businesses.”
Most recently, Mityas was a partner at A.T. Kearney, where he was responsible for the firm’s business development, staff development and intellectual knowledge capture for all service and industry practice groups across North America.