Hiring Leadership Strategies
As part of our continuing coverage of Total Retail’s Salary Benchmark Report, this article focuses specifically on the salaries of C-suite retail executives — CEO/president/founder; chief marketing officer; C-level exec other than CEOs and CMOs; and vice president. The Salary Benchmark Report was produced after an online survey was sent to Total Retail’s audience over…
With the holiday season upon us, the challenges retailers are facing aren't just about having enough of the right products stocked and ready. Often, the most pressing challenge is having enough staff on hand to service customers. An understaffed retail team causes customers to be underserved, so employers should do all they can to make sure their…
Merchants were once the only critical players in the retail industry. Their ability to drive the business by understanding the customer and predicting customer behavior made them invaluable to their organizations. However, now that “omnichannel” retailing is the new reality, the merchant’s role is rapidly changing. A merchant must now also be able to absorb enhanced analytics and work even more closely with design and marketing applications to understand and adapt to trends that satisfy quickly changing customer tastes.
Organizational needs have changed over the past five years as we get comfortable in the second decade of the 21st century. Human capital (i.e., people) are the only resource that will make a difference, regardless of the industry you work in. Hiring practices must change if one is to maximize the organization’s ability to hire the best. Here’s what’s in and what’s out for retailers looking to acquire and retain executive talent this year.
If Snapchat made a gadget, what would it be? That's not a rhetorical question. The social media startup, currently valued at $16 billion, is recruiting hardware experts for a stealthy new project. Snapchat now counts nearly a dozen wearable technology vets among its ranks, as well as industrial designers who worked on Nokia phones and Logitech's popular…
What do you enjoy most about working in the retail industry? My dad was a small business owner, Arel’s Flowers & Gifts, for 35 years — it just closed this year. The store was another member of our family and a big part of our small…
What do you enjoy most about working in the retail industry? The fast pace and working with a team that’s always innovating and creating/executing new ideas — a team that truly doesn’t know what cannot be done. If you weren’t working in the retail…
What do you enjoy most about working in the retail industry? There are so many things that I love about the industry, namely the product, the pace and the people! If you weren’t working in the retail industry, what do you…
What do you enjoy most about working in the retail industry? I love that retail is both art and science, instinct and data. For me, retail has always been the perfect mix of strategy, financial acumen, creativity, problem solving, inter-personal connections and…
What do you enjoy most about working in the retail industry? The consumer connection, the art and science, and the innovation. If you weren’t working in the retail industry, what do you think you’d be doing? Tech, travel and philanthropy. How would you describe your leadership style?…