Federated recruits Cosby for property development

Cincinnati -- Federated Department Stores has named Mark Cosby to the new position of senior vp for property development, reporting to Federated vice chairman Tom Cole. Cosby will oversee a range of corporate-level functions, including store design and construction, energy services, real estate and licensed operations.

Most recently, Cosby served as president of full-line stores for Sears Roebuck & Co., where his responsibilities included merchandising, store operations and supply chain management. Previously, he was coo of KFC and chief development officer of Yum Brands, the branded restaurants company spun off from PepsiCo. He began his career as a financial analyst for General Foods Corporation.

In other news, the board of directors of the $27 billion retailer authorized a new $2 billion common share buyback. This stock repurchase program is in addition to the existing one, which had about

$383 million of authorization remaining.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!