Sears Holdings announces that Bruce R. Berkowitz to step down from its board of directors

HOFFMAN ESTATES, Ill., 2017-Oct-18 — /EPR Retail News/ — Sears Holdings Corporation (NASDAQ: SHLD) today (Oct. 16, 2017) announced that Bruce R. Berkowitz has decided to step down from the company’s board of directors, effective October 31, 2017. Mr. Berkowitz joined the board of Sears Holdings in February 2016.

“On behalf of the board of directors and management, I want to thank Bruce for his long-term commitment and investment in Sears Holdings. His leadership, guidance and counsel as a board member have been invaluable to our company,” said Edward S. Lampert, Chairman and CEO of Sears Holdings.

“It has been a pleasure to serve on the board of Sears Holdings and work closely with Eddie and the rest of the leadership team. I wish the company and its associates all the best as Sears Holdings continues to execute on its strategic priorities,” said Mr. Berkowitz.

Mr. Berkowitz serves as the Chief Investment Officer of Fairholme Capital Management, LLC, an investment adviser registered with the SEC, and is the President and a Director of Fairholme Funds, Inc., a SEC-registered investment company.

About Sears Holdings Corporation
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart, as well as with other retail partners across categories important to them. The Company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com.

NEWS MEDIA CONTACT:
Sears Holdings Public Relations
(847) 286-8371

SOURCE: Sears Holdings Corporation

The John Lewis Partnership announces that Andy Street to step down as Managing Director

London, 2016-Oct-03 — /EPR Retail News/ — The John Lewis Partnership today (30 September 2016) announces that Andy Street will step down as Managing Director, John Lewis on 28 October. After a 31 year career with the Partnership, including nine years as Managing Director, John Lewis, it was confirmed last night that Andy has been selected as the official Conservative Party candidate for the office of Mayor of the West Midlands.

The successor to the position of Managing Director will be announced in due course.

Sir Charlie Mayfield, Chairman of the John Lewis Partnership, said: ‘Andy has led John Lewis brilliantly and leaves the brand with great momentum for the future. I would like to thank him for his passionate contribution to the Partnership.’

Andy Street said: ‘It has been a privilege to lead John Lewis through a transformational period in the retail industry, and I am confident that we have built a business which will continue to thrive while being loyal to its principles.

‘The success of John Lewis is down to the hard work and dedication of thousands of Partners across the country, and I know that they will continue to serve our customers with distinction.’

Notes to editors

The John Lewis Partnership – operates 47 John Lewis shops across the UK, johnlewis.com, 350 Waitrose shops, waitrose.com and business to business contracts in the UK and abroad. The business has annual gross sales of over £11bn. It is the UK’s largest example of an employee-owned business where all 88,900 staff are Partners in the business.

Waitrose – winner of the Best Supermarket1 and Best Food Retailer2 awards- currently has 350 shops in England, Scotland, Wales and the Channel Islands, including 61 convenience branches, and another 27 shops at Welcome Break locations. It combines the convenience of a supermarket with the expertise and service of a specialist shop – dedicated to offering quality food that has been responsibly sourced, combined with high standards of customer service.  Waitrose also exports its products to 58 countries worldwide and has eight shops which operate under licence in the Middle East. Waitrose’s omnichannel business includes the online grocery service Waitrose.com, as well as specialist online shops including waitrosecellar.com for wine and waitrosekitchen.com for cookware, utensils and kithchen gadgets.

¹ Which? Customer Survey
² Verdict Customer Satisfaction Awards

John Lewis – John Lewis operates 47 John Lewis shops across the UK (33 department stores, 12 John Lewis at home and shops at St Pancras International and Heathrow Terminal 2) as well as johnlewis.com. It is part of the John Lewis Partnership, the UK’s largest example of worker co-ownership and all 30,000 John Lewis staff are Partners in the business. John Lewis  ‘Best In-Store Experience 2016’, ‘Best Clothing Retailer 2016,’ ‘Best Electricals Retailer 2016,’ ‘Best Furniture Retailer 2016,’ ‘Best Homewares Retailer 2016’ and ‘Best Click & Collect Retailer 2016’1, typically stocks more than 350,000 separate lines in its department stores across fashion, home and technology. Johnlewis.com stocks over 280.000 products and is consistently ranked one of the top online shopping destinations in the UK. John Lewis Insurance offers a range of comprehensive insurance products – home, car, wedding and event, travel and pet insurance and life cover – delivering the values of expertise, trust and customer service expected from the John Lewis brand.

1Verdict Consumer Satisfaction Awards 2016

You can follow John Lewis on the following social media channels:
www.johnlewis.com/twitter
www.johnlewis.com/facebook
www.johnlewis.com/youtube.

General information

For further information please contact:

John Lewis press office

Gillian Taylor
Head of Communications, John Lewis
Email: gillian.e.taylor@johnlewis.co.uk
Mobile: 07979 157931
Telephone: 020 7592 5635

Sian Grieve
Senior Communications Manager, John Lewis
Email: sian.grieve@johnlewis.co.uk
Mobile: 07525 271812
Telephone:020 7592 6887

Katie Robson
Senior Communications Manager, John Lewis Partnership
Email: katie.robson@johnlewis.co.uk
Mobile: 07764 675608

Source: The John Lewis Partnership

Advance Auto Parts president George Sherman to step down from his current role on August 13

ROANOKE, Va., 2016-Aug-01 — /EPR Retail News/ — Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, serving both professional installer and do-it-yourself customers, today announced that George Sherman, who currently serves as the Company’s President, will step down from his current role on August 13, and remain with the Company to assist with an orderly transition through the end of the year. Mr. Sherman’s leadership team will now report to Chief Executive Officer Tom Greco.

Mr. Sherman, who joined Advance in April 2013, has served as President throughout his tenure. In addition, Mr. Sherman served as Interim Chief Executive Officer from January to April 2016.

“I want to thank George for his contributions to Advance and his willingness to assist with a smooth transition,” said Mr. Greco. “George has played a vital leadership role in the integration of the Advance and Carquest teams, and has helped to create a more field and customer focused company by empowering our stores and field leaders to better serve customers. We wish him the best in his future endeavors.”

About Advance Auto Parts
Advance Auto Parts, Inc., a leading automotive aftermarket parts provider in North America, serves both professional installer and do-it-yourself customers. As of April 23, 2016, Advance operated 5,086 stores and 125 WORLDPAC branches and serves approximately 1,300 independently owned Carquest branded stores in the United States, Puerto Rico, the U.S. Virgin Islands and Canada. Advance employs approximately 74,000 Team Members. Additional information about the Company, employment opportunities, customer services, and on-line shopping for parts, accessories and other offerings can be found on the Company’s website at www.AdvanceAutoParts.com.

Media Contact:
Anna Gurney
919-573-2608
anna.gurney@advance-auto.com

Investor Contact:
Zaheed Mawani
919-573-3848
zaheed.mawani@advanceautoparts.com

Source: Advance Auto Parts, Inc.

Stormy Simon to step down as Overstock.com’s President; to remain board member until no later than September 30, 2016

SALT LAKE CITY,, 2016-Jul-17 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) announced today that Stormy Simon will be resigning as the company’s President to pursue other opportunities, effective no later than July 25, 2016. Simon will remain a member of Overstock.com’s board of directors until no later than September 30, 2016.

“We wish to thank Stormy for her long and valued service, leadership, and passion for Overstock,” said Patrick M. Byrne, the company’s founder and CEO, currently on medical leave. “She has been a key contributor to Overstock’s evolution and growth from the early years, serving in a broad spectrum of roles and providing valuable leadership as president since 2014, and as a member of our board since 2011.”

“This is the end of an era, and we want to wish Stormy the best of luck in her next endeavor,” added Overstock.com Chairman Jonathan Johnson.

Simon commented, “While I will miss seeing my friends at Overstock on a daily basis, I am excited to focus my efforts on helping lead a new generation of entrepreneurs in developing a new sector of emerging markets.”

To ensure a smooth transition, Overstock.com’s presidential duties will continue to be divided amongst Acting CEO Mitch Edwards, Chief Revenue Officer Saum Noursalehi, and Senior Vice President Brian Popelka.

“I am confident that our leadership team is poised to handle this transition while driving the vision and strategy for 2016 and beyond,” said Edwards.

About Overstock.com
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Additional stores within Overstock include Worldstock.com, dedicated to selling artisan-crafted products to help developing nations around the world and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by providing them with a national customer base. Other community-focused initiatives include Farmers Market and pet adoptions.  Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co and regularly posts information about the company and other related matters under Investor Relations on its website (http://www.overstock.com and http://www.o.co)

O, Overstochttp://(http://www.overstock.comk.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended March 31, 2016, which was filed with the SEC on May 5, 2016, and any subsequent filings with the SEC.

Media Contact:

Mark Delcorps
Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com

Investor Contact:

Mark Harden
Overstock.com, Inc.
+1 (801) 947-5409
ir@overstock.com

Source: Overstock.com, Inc