Management
January 11, 2017 at 12:11 pm
As part of our continuing coverage of Total Retail’s Salary Benchmark Report, we are taking a look at how retail professionals’ salaries change depending on what department they work in. As a reminder, the Salary Benchmark Report was produced after an online survey was sent to Total Retail’s audience over a two-week period in late…
January 10, 2017 at 4:37 pm
Rent-A-Center Inc. announced this week that Chief Executive Robert Davis has resigned and will be replaced on an interim basis by company founder and former CEO Mark Speese. Davis took on the CEO role three years ago, but hard times have fallen on the rental-furnishings chain. The struggles were in part caused by a large…
January 10, 2017 at 2:55 pm
Shindigz, a family-owned online party superstore, announced that Dan Haight will join the company as CEO effective immediately. Haight previously held the same position at Buyseasons, the parent company of Birthday Express, Evite and Buycostumes. In addition to Buyseasons, Haight has held leadership positions at OfficeMax, Target.com, NordicTrack and Deloitte Consulting. In a press release,…
January 10, 2017 at 2:47 pm
Brian Spaly, founder and CEO of Chicago e-tailer Trunk Club, will be resigning, according to a statement earlier this week from parent company Nordstrom. Spaly launched Trunk Club in 2009 as an easy shopping service for men — particularly those who didn’t enjoy hitting the mall. Stylists handpick items to be shipped to customers who…
January 10, 2017 at 12:29 pm
L.L.Bean is in the middle of a political skirmish over its namesake heiress and her support of President-elect Donald Trump. Some customers vowed to boycott the family-owned company after learning last week that Linda Bean, the granddaughter and heir of company founder Leon Leonwood Bean and a longtime Republican activist, bankrolled a political action committee in…
January 10, 2017 at 12:01 pm
Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce giant's new plan to bring one million small U.S. businesses onto its platform to sell to Chinese consumers over the next five years, an Alibaba spokesman said. Alibaba Group Holding Ltd expects the initiative to create one million U.S.…
January 9, 2017 at 12:37 pm
Neiman Marcus has decided not to go forward with a plan filed in August 2015 for an initial public offering of stock. The Dallas-based luxury retailer pulled its registration statement Friday that it had filed with the Securities and Exchange Commission. The company said in the latest filing that it "has determined that it is…
January 9, 2017 at 12:08 pm
In what came as a surprise to many in the retail industry, Sam's Club CEO Rosalind Brewer announced that she's stepping down. Brewer became Sam's Club's top executive after being in charge of the warehouse division of Wal-Mart Stores Inc. for five years. Sam's Club announced the leadership change Friday in a filing with the U.S. Securities…
January 9, 2017 at 11:00 am
It's official: Women's apparel chain The Limited on Sunday began closing all 250 of its stores across the United States and is cutting 4,000 jobs — the latest casualty of shopping's move online and the growth of fast-fashion chains. A message on The Limited's website said the retailer would continue to sell items online. However,…
January 5, 2017 at 11:27 am
Macy's is kicking off 2017 with some bad news. The department store's stock tumbled more than 9 percent on Wednesday after it posted disappointing holiday sales and announced 68 of the 100 stores it plans to close as part of its turnaround effort. CNBC reports outgoing Chairman and CEO Terry Lundgren said the company expects…
