Content about Company Reorganization

April 24, 2013
Jones Group to close under-performing stores

The Jones Group Inc. plans to close 170 under-performing stores in the U.S. by mid-2014 as part of its efforts to shore up profitability.

January 8, 2013
Wolverine steps up global brand building

Wolverine Worldwide is making organizational changes to drive its future growth and global brand building.

January 4, 2013
Kevin Peters to leave Office Depot

Office Depot on Friday announced that Kevin Peters had resigned from his role as president of the retailer’s North American division effective immediately.

November 6, 2012
What recovery? Sales decline and loss expands at ODP

If the economy is improving someone forgot to tell Office Depot’s customers. The company reported a third quarter loss of $70 million loss on sales that declined 5% to $2.7 billion.

October 29, 2012
eBay cuts PayPal jobs as part of restructuring plan

eBay has eliminated approximately 325 jobs from its PayPal division.

October 26, 2012
Newell Rubbermaid announces new executive appointments as part of restructuring plan

In addition to an extensive structural makeover, dubbed the "Growth Game Plan", Newell Rubbermaid president and CEO Mike Polk announced a new leadership team that includes outside appointments to several executive positions.

May 16, 2012
Francis' marketing magic slow to take hold at JCPenney

From personnel changes to its new "fair and square" price strategy, JCPenney has put a lot into changing the company's image, and investors are waiting for it to pay off.

March 21, 2012
NRF names head of research division

The National Retail Federation has named Ellen Davis SVP and executive director of the NRF Foundation, the education and research arm of NRF.

March 9, 2012
Delhaize to close 146 stores on falling profits

Belgian supermarket operator Delhaize Group said that its fourth quarter net profit dropped 48%, hurt by impairments resulting from its restructuring.

March 1, 2012
Kroger swings to loss on union costs

Kroger posted a loss in the quarter ended Jan. 28, attributing the loss to costs associated with consolidating its pension plan for union workers.

January 5, 2012
Discounters and department stores turn in mixed results for December

The nation’s discounters and department store retailers turned in mixed results for December, with many chains citing unseasonably warm weather that sapped demand for cold-weather merchandise.

November 14, 2011
JCP chief brings in Apple buddies, company reports 3Q sales decline

JCPenney, which reported sales and income decreases for the third quarter, has brought on two new executives to join fellow Apple alumnus, CEO, Ron Johnson.

August 30, 2011
Management shake-up at Lowe’s

Lowe's has announced a restructuring in both in-store operations and merchandising organizations that will thin the ranks of its management and consolidate both its regions and divisions.

August 4, 2011
Investment firm names new COO

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors, has named Robert Paglia COO.

July 14, 2011
Office Depot reshuffles personnel

Office Depot has combined its two largest divisions and named Kevin Peters to the new role of president of North America.

May 26, 2011
A&P completes auction of 25 Superfresh stores

The Great Atlantic & Pacific Tea Company announced that it recently completed the previously announced auction of 25 southern Superfresh locations, as it continues to fully implement its comprehensive financial and operational restructuring.

April 22, 2011
OfficeMax taps Walmart exec for new role

Former Walmart merchandising and store operations executive Michael Lewis was named EVP and president of retail at OfficeMax.

April 19, 2011
Restructuring accelerates Gap’s global growth

Gap Inc. wants international and online sales to account for 30% of its revenues within two years and a restructuring announced this week is expected to play a role in facilitating that growth.

April 7, 2011
Easter shift impacts warehouse clubs slightly

The shifting of Easter to April this year impacted the warehouse club sector last month, as both Costco and BJ’s reported March comps that were negatively impacted by the calendar change.

February 28, 2011
Safeway gets new loyalty chief to manage mobile migration

Safeway Monday announced the promotion of Mir Aamir to president customer loyalty and digital technologies, reporting to Diane Dietz, EVP, chief marketing officer.

February 22, 2011
Major moves at Best Buy designed to drive growth

Best Buy is looking to reinvent its future and late Monday announced a series of moves designed to enhance the company’s growth prospects and profitability.

February 17, 2011
Borders files for Chapter 11

Borders Group filed for Chapter 11 bankruptcy on Wednesday. The troubled bookseller plans to close 30%, or about 200, of its most underperforming stores during the next few weeks.

February 16, 2011
Borders files for Chapter 11

Borders Group filed for Chapter 11 bankruptcy on Wednesday. The troubled bookseller plans to close 30%, or about 200, of its most underperforming stores during the next few weeks.

February 7, 2011
Greg Rayburn joins A&P's board

Bankrupt grocer A&P has announced the election of Greg Rayburn to its board of directors, replacing Dr. Jens-Jürgen Böckel, who has resigned from the board.

February 2, 2011
Mattel Q4 income down slightly

Mattel reported that for the fourth quarter, net income was $325.2 million, or 89 cents per share, compared with last year’s fourth quarter net income of $328.4 million, or 89 cents per share.

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