Management
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…
January 11, 2017 at 12:21 pm
Wal-Mart Stores Inc. has announced plans to eliminate hundreds of jobs before the end of its fiscal year on Jan. 31. The jobs will be eliminated from both the company's headquarters and regional personnel that support stores, sources told MarketWatch. These sources said that the jobs will be cut largely from the human resources department —…
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,…
