Big Lots has formed an agreement with Macellum Advisors and Ancora Advisors, who beneficially own approximately 9.8% of the company’s outstanding common shares, to appoint Andrew Clarke and Aaron Goldstein to the company’s board of directors, effective immediately.
Given the uncertain duration of store and distribution center closings, Burlington Stores has temporarily furloughed most store and distribution center associates. The company will continue to provide benefits to furloughed associates, including paying their current health benefit premiums.
A range of retailers across channels are responding to the coronavirus outbreak with moves to temporarily close their stores, reduce store hours and other consumer and employee oriented initiatives.
Off-price retailer Burlington Stores is getting out of the e-commerce business. As with other off-price retailers, the company wants to focus on the store experience.
Burlington Stores has appointed John Crimmins chief financial officer.
Burlington Stores’ Marc Katz has resigned as the company’s chief financial officer/principal, effective immediately, to pursue other professional opportunities. John Crimmins, evp/finance and chief accounting officer, has been appointed interim chief financial officer.
Alliance Data Systems has signed a new agreement to provide private label credit card services and a loyalty program for off-price retailer Burlington Stores.
HomeWorld’s first annual Retailers to Watch, in the November 6 issue, looks at eight retailers from various channels making big moves to reinforce their futures.