E-retail has grown more than 50% so far this year for the department store chain. Belk plans to spend $32 million on the project.
Sports Authority’s CEO steps down
Jo-Ann Stores chairman and CEO Darrell Webb takes over for David Campisi.
The Sports Authority Inc. has appointed Darrell Webb as interim CEO following the resignation of David Campisi as CEO and president.
Webb was chairman and CEO of fabric and craft specialty retailer Jo-Ann Stores Inc.; Joann.com is No. 264 in the Internet Retailer Top 500 Guide. Sports Authority says he will retain his chairman job at Jo-Ann while working as interim CEO. He also has held executive positions at The Kroger Co., Fred Meyer Stores and Quality Food Centers.
"As a lifelong sports and outdoor enthusiast, I am extremely excited about joining the Sports Authority team and I am looking forward to the positive contributions I can make to the company's already strong market position," Webb says.
Sports Authority, No. 223 in the Top 500 Guide, gave no reason for Campisi’s departure. A spokeswoman for Sports Authority declined further comment and Campisi could not be immediately reached. Sports Authority promoted Campisi to CEO and president in March 2010. He joined the multichannel retailer in 2004.
"I am proud of our accomplishments at Sports Authority," Campisi says. "Together we have built a talented management team, improved our brand presence and expanded our store base. I wish the company and its employees all the best as I pursue a new chapter in my career."
Sports Authority had Internet Retailer-estimated sales of about $70.0 million in 2010, up 22.8% from $57.0 million in 2009.