Leadership

Marvin Ellison on Lowe’s, Leadership and a Life in Retail
January 16, 2019 at 12:06 pm

In a wide-ranging discussion this week at the National Retail Federation’s Big Show in New York City, Marvin Ellison, president and CEO of Lowe’s, offered insights into his plans for rebuilding the home improvement retailer, shared advice for the next generation of retail leaders in the audience, and reflected on how retail has changed his…

Lowe's to Hire 65,000 New Employees in 2019
January 7, 2019 at 1:39 pm

Lowe's said last week that it plans to hire more than 65,000 associates this year to improve customer service and product availability. Roles are focused on enhancing customer service and include seasonal associate, merchandising support, store leadership and technology careers. According to a press release from the company, Lowe's hiring investments include: More than 50,000 seasonal…

Sears to Pay $25.3 Million in Bonuses to Top Employees
December 17, 2018 at 12:34 pm

A U.S. Bankruptcy Court judge on Friday approved Sears Holding Company's request to pay up to $25.3 million in bonuses to top executives, even as the company reported losing nearly $1.9 billion in the first three quarters this year, according to the Chicago Tribune. Sears, which filed for bankruptcy protection in October, said the funds will…

Top 100 Fastest-Growing Retailers: #90 Publix
November 27, 2018 at 12:33 pm

As we move closer to the end of the year, we wanted to highlight some of the retailers that have found success in 2018, and offer insights into why. For the last several weeks, we've profiled select companies on Total Retail's Top 100 Fastest-Growing Retailers report. This week we feature Publix, a Lakeland, Fla.-based supermarket…

Sears Seeks Bonus Payments for Top Execs
November 20, 2018 at 11:23 am

Sears is seeking court approval to pay executives as much as $25 million in annual bonuses while the company struggles to restructure in bankruptcy. Three top executives could get nearly $1 million each if the company goes out of business. If Sears remains in business, they could get nearly $500,000 each for hitting the top performance…

J.Crew CEO Resigns After Just 16 Months
November 19, 2018 at 3:16 pm

J.Crew Group announced this weekend that CEO James Brett would step down, effective immediately. The decision was based on a mutual agreement between the board of directors and Brett. "Jim's passion and experience brought new energy to J.Crew and enhanced our ability to relate to a broad range of consumers, and we thank him for his hard work…

Curiosity and Being Current: Why it's More Important Now and Should Increase With Age and Experience
November 13, 2018 at 1:19 pm

When we asked friends and colleagues what's the most important skill for consistent and continued success in business, they gave a multiplicity of answers including leadership and management skills, brains, and creativity. However the leading response from this group was curiosity. Many defined curiosity as the impulse to seek new information and experiences, the desire…

Sears Files for Bankruptcy, Lampert Steps Down as CEO
October 15, 2018 at 9:36 am

Sears Holdings filed for bankruptcy protection early Monday after years of staying afloat through financial maneuvering and relying on billions of CEO Eddie Lampert's own money. Lampert, who has served as CEO for the past five years, will step down from that post, effective immediately, but remain chairman. As part of the bankruptcy, Sears will shutter…