retail news in context, analysis with attitude

• Hannaford Supermarkets announced that Heather Paquette, the company’s district manager in Portland, Maine, has been promoted to the role of vice president of retail operations for the company’s eastern division.

• Target Corp. announced that longtime CFO Doug Scovanner will retire next March. The Minneapolis Star Tribune reports that the retirement “will deprive the Minneapolis-based retailer of its de facto chief operating officer and financial brain at a time when Target faces rising costs, shrinking profit margins, and an expensive foray into Canada ... Scovanner's exit in 2012 means Target will be down three top-level executives in about four months. Chief Marketing Officer Michael Francis recently departed for J.C. Penney Co. and Target.com President Steve Eastman left to ‘pursue other opportunities’ after a series of embarrassing problems with the newly revamped website.”
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