Guitar Center has chosen retailing veteran Darrell Webb to be the company's new president and CEO. From 2011 to 2013, Webb served as chairman and CEO of the Sports Authority. Webb has more than 30 years of experience in retailing and has led several multibillion dollar companies. "Given Darrell's extraordinary track record of success in growing and leading large specialty retail companies, we're confident in his abilities to enhance Guitar Center's customer experience and further bolster the company's position as a world-class omnichannel retailer," said David Kaplan, a member of Guitar Center's board of directors.
Englewood, Colo. – Michael Foss has been named CEO of The Sports Authority Inc. He replaced outgoing CEO Darrell Webb, who is retiring both as the company’s chief executive and chairman of the board....
Sports Authority has announced the launch of its first-ever customer rewards program, The League, which offers members 5% back on their total point balances of 100 points or more earned quarterly. The program offers one of the highest reward funding rates, as well as the lowest reward threshold amongst leaders in the full-line sporting goods retail industry, allowing members qualify for rewards sooner, the retailer said.
Jeff Schumacher, formerly Sports Authority's chief marketing officer, "has resigned from The Sports Authority," the company said in a brief statement. "After leading several important and successful initiatives for the company, including the exciting new partnership with the Denver Broncos, Jeff plans to pursue new interests in his career," said the statement. "We thank him for his contributions to the company and wish him the best in the future."
New York City -- Jo-Ann Stores reported Wednesday that net income for the quarter ended Jan. 29 rose 8.9% to $40.4 million, compared with $37.1 million in the year-ago period. Sales increased 3.6% to $624.1 million, just missing Wall Street’s expected $625.1 million. Same-store sales rose 2%. Chairman and CEO Darrell Webb said the fabric and crafts retailer plans to open 55 to 60 new stores and remodel 60 more this year. Shareholders will vote on March 18 on a plan for Jo-Ann Stores to sell itself for $1.6 billion to Leonard Green & Partners.