• The Minneapolis/St. Paul Business Journal reports that Supervalu has hired Anne Dament, who used to be Target's senior vice president of grocery, to be its new senior vice president of retail, responsible for the company's retail banners, including Cub Foods.
CEO Mark Gross said in a prepared statement, "As we focus on improving our retail store performance, Anne's experience across varied retail and merchandising disciplines should prove extremely beneficial." The story notes that "sales have lagged at Supervalu's retail businesses, and company executives have worked on new pricing strategies in an effort to battle growing competition."
Dament left Target last November after just a year-and-a-half on the job and less than stellar reviews of her efforts there. Before that she held executive jobs at PetSmart and Safeway.
- KC's View:
While Dament was unable to get Target out of the mushy middle that it was desperately trying to escape, it may not have been her fault - they've continued to have problems since her departure, and she may not have gotten needed support to make the necessary changes.
But Supervalu should keep all this in mind moving forward. You can't half-commit to being more effective and efficient. And effectiveness has to come first.