Management
January 17, 2017 at 12:23 pm
The Limited, which has already shuttered its once ubiquitous stores, took another major step Tuesday toward fading from the retail landscape by filing for bankruptcy protection. Citing its declining financial performance, the Ohio-based women's clothing company filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. Before taking this latest step, the company had…
January 17, 2017 at 12:08 pm
Wal-Mart Stores Inc. said it plans to create about 10,000 U.S. jobs this year, a sign that even the country’s largest private employer feels the need to tout American job growth ahead of President-elect Donald Trump’s inauguration. The jobs will come from previously planned store openings, store expansions and new e-commerce services, the company said…
January 17, 2017 at 10:20 am
For traditional brick-and-mortar retailers like Target, shifting consumer behavior to more online shopping has caused them to have to re-evaluate their business models. No longer can stores be the single point of interaction between retailers and customers. Leveraging technology to meet the needs of today's digitally savvy consumers has become essential to retail success. In…
January 16, 2017 at 10:44 am
Lane Bryant and Justice are laying off employees as part of a restructuring by the retailers’ parent company, Ascena Retail Group. About 30 employees will be laid off at each retailer, according to a statement that Ascena sent to employees. “While we’ve had to make some very difficult decisions that impact the people we care about,…
January 13, 2017 at 9:37 am
Lowe’s Cos. is cutting thousands of jobs and shuffling thousands more around as it tries to adapt to shifting shopping habits. A source told MarketWatch that the home-improvement retailer plans to eliminate less than 1 percent of its workforce, or fewer than 3,000 jobs. Also, workers with “back-of-house responsibilities” will be shifted to consumer-facing roles,…
January 12, 2017 at 10:12 am
Fossil Group has laid off employees this week at its corporate headquarters in Richardson, Texas, according to The Dallas Morning News. The company didn't say how many employees were affected by these cuts. Company spokeswoman Ann Jane Draper said Fossil also has started closing stores — there are 284 locations in the U.S. Fossil reported a 70…
January 12, 2017 at 10:03 am
J.C. Penney’s top executive Marvin Ellison said that the company is planning to close some if its 1,014 stores. He didn’t give specifics on when the store closings will occur or how many stores will be closing, but last year, J.C. Penney closed seven stores mostly in smaller markets. Ellison said at a Dallas real…
January 11, 2017 at 5:29 pm
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…
January 11, 2017 at 4:31 pm
Total Retail’s seventh annual list of the leading female executives in retail features a who’s who in the industry. This year’s honorees were chosen based on a number of factors, including being in a top-level position within a retail organization, scope of responsibility within that position, career achievements, and involvement within the retail industry. This week we feature Paula Schneider, CEO of DG Premium Brands.
January 11, 2017 at 3:03 pm
John MacFarlane, Sonos’ CEO and co-founder, has stepped down from his position and resigned from the company’s board of directors. He will, however, remain with Sonos to work on other projects and act as a mentor to employees. Former president and chief commercial officer Patrick Spence will take over as CEO. This is the latest…
