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    • On October 09, 2015, it was reported, after more than two decades in top finance roles at Walmart, Charles Holley, 59, is stepping down as CFO at the world's largest retailer. Succeeding Holley will be Brett Biggs, a well-rounded finance executive who joined Walmart in 2000 and has held key roles in each of the retailer's divisions. On October 02, 2015, it was reported, the importance of expense control at Walmart became evident on Friday when the retailer confirmed it planned to eliminate 450 positions as part of a broader restructuring effort. The long-rumored cuts were detailed in an internal memo with the subject line "a company positioned for the future," that Wal-Mart Stores, president and CEO Doug McMillon distributed to the company's home office employees on Friday, Oct. 2. Approximately 18,000 employees work at Walmart's complex of buildings in Bentonville and neighboring Rogers, Arkansas, so the elimination of 450 positions represents a 2.5% reduction in force. McMillon said the decision "impacts people we care about," but noted that the structure changes that will make the company a more nimble organization that serves customers better. While the elimination of 450 positions is sizable, Walmart took more extreme measures in early 2009 at the beginning of the Great Recession when it eliminated 800 positions. The company also eliminated 300 positions in 2010.
    • On October 08, 2015, it was reported, The same day that TJX announced the retirement of its CEO, Ascena Retail Group named a new executive to lead its recently acquired Ann Inc. division. Six weeks after Ascena Retail Group, parent company of Lane Bryant, Dressbarn and Maurices, closed on its acquisition of Ann Inc., the leading women's apparel retailer made a key leadership change at its recent takeover target. Kay Krill, president and CEO of Ann Inc. for the past 10 years, will join the Ascena board and Gary Muto was elevated from his role as president to also serve as CEO. Muto will oversee all aspects of Ann Inc., including the banners of Ann Taylor, Loft and Lou & Grey.
    • On October 07, 2015, it was reported, Merrill Gattis, 90, a pioneer in the retail furniture business, will close Colony Furniture at 811 Providence Road, Charlotte, NC on Oct. 31 after 65 years in business.
    • On October 07, 2015, it was reported, The TJX Companies announced that chairman and CEO Carol Meyrowitz will step down, effective January 31, 2016. She will be succeeded by Ernie Herrman, 54, who will retain his current title as president of the company. Meyrowitz, 61, who has been at the helm of TJX since 2007, will become executive chairman of the company's board at the time of the CEO transition. Under her leadership, TJX expanded its dominance of the off-price market. The company posted revenue of $7.36 billion and earnings of $549.3 million for its most recent quarter, with both metrics topping Wall Street estimates.