JC Penney New Bronx Store Goes Green!

JC Penney (Plano, Texas) has announced the late August opening of its first Brooklyn, N.Y. store. It will be located in phase two of the Gateway Center, according to MarketWatch. Complementing its other New York locations in the Bronx, Queens, Staten Island and Manhattan, the 124,000-square-foot store will feature a full-service 2200-square-foot Sephora.
The Brooklyn department store will showcase the company’s move toward sustainability, with the location using 45 percent less energy than a typical JCPenney.

Home Depot Promotes Ted Decker

The Home Depot (Atlanta), has promoted Ted Decker to the post of executive vp, merchandising. Mr Decker will be in charge of all merchandising corporate wide and will  report only to president of Home Depot’s U.S. retail operations Craig Menear.                  

 

Ted Decker has worked at The Home Depot for 14 years, and was most recently senior vice president of retail finance, pricing, and analytics. Decker is credited with playing “an key role in the company's merchandising transformation, leading the institution of new pricing and analytics strategies, in a company statement that was released today.

 

Menear released a statement on Mr Decker’s promotion to executive VP Merchandising. "Ted's business acumen and retail experience have enabled him to serve as a broad contributor to our success in the marketplace over the past several years”. "His leadership and strategic expertise make him a perfect fit to lead our merchandising team going forward." 

 

Progressive Displays Inc wishes Ted Decker the best of luck in his new position.

Target Hires New CEO

Target has named Brian Cornell its new CEO. Cornell, Chief Executive Officer of Pepsi Americas Foods, assumes his this position on 12 August 2014. Target has been troubled with slumping sales and a informations systems breach that caused 1,000’s of credit card numbers to be compromised, has been been looking for a new CEO since it’s current CEO resigned in May 2014.

 

Before Pepsico, Cornell, 55, served as president and ceo of Sam’s Club. This is Targets first hiring of a CEO outside the company, as all previous CEO’s came up through the ranks.  This shift will change the corporate culture of Target as they try to right the ship.

 

In a statement, Cornell said, “As we create the Target of tomorrow, I will focus on our current business performance in both the U.S. and Canada and on how we accelerate our omnichannel transformation.”

 

Target Retail stores are throughout the United States and Canada.