retail news in context, analysis with attitude

• Target said yesterday that it is promoting John Mulligan, senior vice president for finance, to be its new chief financial officer. He succeeds Doug Scovanner, who has been CFO at Target for 18 years.

Advertising Age reports that Dave Peacock, president of Anheuser-Busch and 20-year veteran of the company, is resigning, to be replaced by Luiz Edmond, a Brazilian citizen who is the brewer's North America zone president.

As the story notes, “Peacock was one of the few remaining holdovers who had stayed with the company after it was acquired in 2008 by Belgium-based InBev, creating global parent Anheuser-Busch InBev. His departure comes in the wake of other big changes at the brewer's U.S. division, which continues to lose market share in a tough economic environment and new competition from spirits that has hurt most big beer brands.”
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