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RadioShack looking for a new CEO—again

BY Marianne Wilson

RadioShack has lost its CEO after he served only nine months on the job.

Ron Garriques has stepped down as chief executive of the consumer electronics chain in order “to pursue other interest in a role that will put him back closer to his family,” the retailer said in a statement to the Fort Worth Star-Telegram. The company's CFO, Gordon Briscoe, will serve as interim CEO until a replacement is found.

Garriques, who previously held executive positions at Dell and Motorolo, took the reins of RadioShack in April 2015, after the company was bought in a bankruptcy court by hedge fund Standard General.

In addition to Garriques, chief revenue officer Marty Amschler is leaving RadioShack, the Star-Telegram reported. He joined the company in 2009.

The sudden departure of Garriques and Amschler raises speculation that the chain’s fourth quarter was less than stellar despite its remerchandising efforts and updated marketing efforts.

Garriques’ resignation comes on the heels of news that his immediate predecessor, Joe Magnacca, has beenappointedCEO of Massage Envy, a national subscription massage and skincare chain.

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RadioShack hopes to spark growth with new CEO

BY CSA STAFF

RadioShack has lost its CEO after he served only nine months on the job.

Ron Garriques has stepped down as chief executive of the consumer electronics chain in order “to pursue other interest in a role that will put him back closer to his family,” the retailer said in a statement to the Fort Worth Star-Telegram. The company's CFO, Gordon Briscoe, will serve as interim CEO until a replacement is found.

Garriques, who previously held executive positions at Dell and Motorolo, took the reins of RadioShack in April 2015, after the company was bought in a bankruptcy court by hedge fund Standard General.
In addition to Garriques, chief revenue officer Marty Amschler is leaving RadioShack, the Star-Telegram reported. He joined the company in 2009.

The sudden departure of Garriques and Amschler raises speculation that the chain’s fourth quarter was less than stellar despite its remerchandising efforts and updated marketing efforts.

Garriques’ resignation comes on the heels of news that his immediate predecessor, Joe Magnacca, has been appointed CEO of Massage Envy, a national subscription massage and skincare chain.

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Home furnishings giant to build its most sustainable store to date

BY Marianne Wilson

Ikea Canada is building a 328,000-sq. ft. store Halifax, Nova Scotia, that will feature a special focus on energy efficiency and waste management.

The store will take roughly 14-16 months to build once ground has been broken in summer 2016. It will be built to operate as the retailer’s most sustainable store in Canada, and include a rooftop solar photovoltaic installation that provides electricity to the store and a geothermal energy generation system to support heating and cooling needs.

In addition, 100% LED lighting will be used throughout the space. Waste management equipment will be installed to maximize material recycling and diversion from landfill, and a free take-back service will be offered for household batteries and light bulbs to ensure the hazardous materials contained are recycled responsibly.

"Ikea Halifax will be constructed and operated with sustainability in mind, and will also be a destination to find solutions for a more sustainable life at home,” said Stefan Sjöstrand, president, Ikea Canada.

The Halifax store is part of the company’s previously announced expansion plan to double its Canadian store count from 12 to 24 stores in the next 10 years.

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