Personnel Updates

• Casper (103) has appointed Emilie Arel as President and Chief Commercial Officer. The retailer also named Ben Clark as Chief Technology Officer.

• Destination XL Group Inc. (68) announced it has appointed Ujjwal Dhoot as Chief Digital Officer.

• JCPenney Company, Inc. (69) announced Karl Walsh has joined the company as Senior VP, Chief Digital Officer.

• Macy’s Inc. (87) announced that Hal Lawton, President of the Macy’s brand business has resigned.

• Massage Envy LLC (20) said Joe Magnacca has resigned as CEO.

• Office Depot Inc. (59) announced that Joseph T. Lower, Exec VP and CFO, is leaving the company to become CFO at AutoNation.

• Roots Canada Ltd. (28) announced that Mona Kennedy has been named CFO.


Mergers and Acquisitions

• BMC Stock Holdings Inc announced that it has acquired DeFord Lumber Co. Ltd. in the Dallas-Fort Worth market.

• CVS Health announced that it will acquire IlliniCare Health Plan.

• Louis Vuitton North America has acquired Tiffany & Co. The deal is expected to close in the middle of 2020.


Industry Insight

• Walgreens Boots Alliance, Inc. announced it will be opening 14 UnitedHealthcare Medicare service centers within Walgreens stores in five metropolitan areas starting in January 2020.


Real Estate

• A.C. Moore Arts & Crafts Inc. announced it will close all of its store locations, and up to 40 of them will be converted to Michael’s.

• Citi Trends Inc. plans to open 25 to 30 new stores annually and complete major remodels in 50 existing stores each year.

• Everlane has revealed plans to open a new store in Boston, MA, at the Boston Seaport in spring 2020.

• Tru Kids Brands, Inc. has opened its first new location in the United States. The company has introduced a concept space at the Westfield Garden State Mall in Paramus, NJ.

• Walmart Stores Inc. announced it plans to open 500 new stores in China over the next five to seven years.