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Alan Wolf

RC Willey CEO Scott Hymas Taking Three-Year Leave

Scott Hymas, CEO of the Utah-based RC Willey furniture, appliance and CE chain, will temporarily step down from his post of 16 years, effective June 1.That’s when Hymas and his wife Alison will begin a three-year leave of absence to assume new roles as missionary presidents for the Mormon Church in Sacramento, Calif., where Willey will open a second store this fall.Hymas plans to return to his CEO...

NATM Adding 12th Member; Appoints P.C. Richard’s Gregg Richard President

It’s been a busy week for the NATM Buying Corp., the now 12-member buying group for major big-box chains.In two quick bursts, the group has added Denver-based Appliance Factory & Mattress Kingdom to its ranks, and announced a new president in Gregg Richard, president/CEO of New York area powerhouse P.C. Richard & Son.Richard succeeds Scott Hymas, who will be taking a three-year leave of absence...

Target Overhauling Store Design

Target will spend billions of dollars over the next three years to remodel nearly a third of its store base.The effort, announced this week at Shoptalk, an executive retail and e-commerce summit in Las Vegas, is designed to make the discounter’s stores more convenient, customized, inviting and reflective of its omnichannel strategy.To that end, the next-generation redesign will feature two...

Sears Comes To Terms With Its Own Mortality

Updated! Public companies are required by law to list in their quarterly filings all the things that can conceivably go wrong with their businesses.But buried deep inside Sears Holdings’ annual 10-K report, released yesterday, is an acknowledgement of the ultimate risk factor.Way down on p. 48, after recounting efforts to stem its losses and generate liquidity, comes this chilling denouement:“Our...

Starpower Takes Flight In Southlake, Texas

Starpower Home Entertainment Systems, Dallas’ premium A/V, custom-install and home appliance chain, formally opened its newest concept store last week in the suburb of Southlake.The 15,000-square-foot showroom, first announced last summer, replaces the retailer’s previous Southlake location.The multimillion-dollar facility is triple the size of its predecessor and, like the North Dallas flagship...

Staples Testing 3D Printing Service

New York — Staples is testing 3D printing services in two stores through a partnership with hardware and software provider 3D Systems. ...

Samsung Launches Smart Home Service

Seoul, South Korea – Samsung will begin rolling out a proprietary connected-home platform in the U.S. and Korea this month. Its Smart Home Service, first announced at 2014 International CES, will allow users to operate select Samsung home products including smart TVs, majaps, cameras, smartphones and wearable devices through a single application, which connects the devices through a wireless home...

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