TARGETING PHILADELPHIA: Cherry Hill, N.J., will become the home of the first Target store in the Philadelphia market, where the discount division of Dayton Hudson Corp. plans to launch six units next year. The Cherry Hill unit is scheduled to open on Oct. 12, 1998, officials of the Minneapolis-based chain said in a news conference in Philadelphia last Wednesday.
Together, the stores are expected to add more than 1,200 jobs and approximately $1.2 million annually to the local economy.
Target Stores operates 769 units in 39 states and plans to have sites in all 50 states by 2000. It aims to open 30 to 40 units in the Northeast over the next few years.
QVC HOOKS UP WITH AOL: The Internet division of QVC Inc., IQVC, has struck a deal establishing it as a featured anchor of America Online’s Shopping Channel, whose leading sites include department stores, beauty, jewelry, toys and collectibles companies. IQVC merchandises more than 100,000 items from 27 categories, such as apparel, jewelry, personal care, home, electronics and books.
Shopping Channel visitors can click on an IQVC graphic and obtain access to the IQVC Web site, which receives more than one million hits daily and generates sales of more than $2 million a month, according to QVC officials. “With AOL, we have a bigger presence in cyberspace — just in time for holiday shopping,” Stuart Spiegel, vice president and general manager of IQVC, said in a statement.
CFO WEARS SERVICE HAT: Seth L. Miller was named to the new post of chief financial and satisfaction officer at the Mark Group, a national retailer and direct marketer.
His position combines the classic role of a cfo with the additional responsibility of raising customer satisfaction levels.
He oversees finance, information services, inventory management, catalog outlets and operations — which includes the catalogs’ customer service and call centers — and fulfillment centers.
Miller has held financial and operating positions with Chemical Bank, Blockbuster Entertainment, U.S. Shoe Corp., and most recently, Castle Dental Centers.
The Mark Group, Boca Raton, Fla., operates three catalog brands — Mark, Fore & Strike; Boston Proper, and Charles Keath — as well as 12 specialty sportswear stores and five catalog outlets. Annual sales for the group exceed $100 million.
NEW ATKINS CFO: Ronald Ventricelli was named vice president and chief financial officer of Frederick Atkins Inc., based in New York.
He succeeds Wayne Greer, who resigned to pursue other interests, according to the company.
Ventricelli was vice president of finance and chief financial officer of Adrienne Vittadini.
Before that, he was a Peat Marwick senior accountant. Prior to that, he held financial analyst posts at Gulf Oil and Carter Wallace.
Ventricelli reports to Nancy Marino, president and chief executive officer of Fredrick Atkins.