PetSmart acquired Pet360 for $130 million in cash and up to $30 million more in future performance-based payments.
Pamida, a regional retail chain, has appointed John Harlow as president and CEO. Harlow most recently was executive vice president and chief operating officer of Circuit City Stores Inc., which terminated operations earlier this year.
Pamida Stores Operating Co. LLC, a regional retail chain, has appointed John Harlow as president and CEO. Harlow most recently was executive vice president and chief operating officer of Circuit City Stores Inc., the multichannel consumer electronics retailer that terminated operations and liquidated its assets earlier this year.
Harlow succeeds interim CEO Ken Seipel, who will continue in his role as chief merchant.
“We’re delighted to have an executive of John Harlow’s caliber join the Pamida team,” says T. Scott King, a senior managing director for Sun Capital Partners Inc., which owns Pamida. “John is an accomplished retail leader who can build on Pamida’s firm foundation and position the company for growth in the years ahead. We also wish to express our appreciation to the company’s chief merchant, Ken Seipel, who skillfully led Pamida as its interim CEO. We look forward to Ken’s continuing contributions.”
Harlow, with more than 25 years of retail industry experience, has also held senior executive positions at retailers including supermarket chain The Great Atlantic & Pacific Tea Company Inc., Toys ‘R’ Us Inc. and the former Genovese Drug Stores, a pharmacy chain that has since been folded into other national chains.
Harlow has also worked in the retail industry in senior consulting positions at Deloitte Consulting and Andersen Business Consulting.
Omaha, NE-based Pamida operates 207 stores in 17 states in the Midwest, North Central and Rocky Mountain regions. It also operates Pamida.com, which supports limited e-commerce operations including online sales of gift cards and personalized photo products.
Sun Capital acquired Pamida in 2005 as part of Sun’s acquisition of Shopko Stores Inc. Sun now operates Pamida and Shopko as separate operating companies.
The assets of CircuitCity.com were sold during a Circuit City Stores bankruptcy auction earlier this year to Systemax Inc., which has re-launched CircuitCity.com as an e-commerce site. Systemax is No. 21 in the Internet Retailer Top 500 Guide.