Management

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…

rue21, a teen specialty apparel retailer, this week announced two promotions to its executive leadership team. Dirk Armstrong has been appointed to the newly created position of chief operating officer. Armstrong has been with rue21 for nearly five years and was formerly senior vice president and director of stores. Brett Trent was named to the newly created…

As the leaders of organizations, chief executives wear many hats — influencer, inspirer, consultant, arbiter, among many others. Perhaps none is more important than strategic decision maker. When tough decisions need to be made, the CEO is ultimately the person making the call — and the one who gets the glory or blame depending on…

As a feature in its Winter 2017 print issue, Total Retail's Editorial Advisory Board shared their expert opinions on what they believe will be the top trends to impact the retail industry in 2017. In part one of this series, we talked with Kathy Doyle Thomas, executive vice president for Half Price Books. Total Retail Executive:…

It's time for our next installment of coverage from Total Retail's Salary Benchmark Report. This week we examine how a retail executive's level of education impacts his or her salary (see the chart below). As a reminder, the Salary Benchmark Report was produced after an online survey was sent to Total Retail’s audience over a two-week…

To help chip away at its debt, J.C. Penney is selling its Plano, Texas campus for $353 million. The retailer announced that it sold its headquarters and the 45 acres around it to Dreien Opportunity Partners, but will lease out 65 percent of the space for its home office. As of Oct. 29, 2016, the…

Sears Holdings Corp. CEO Eddie Lampert is opening his wallet once again to help keep the struggling retailer in business. Lampert, a hedge fund manager and Sears’ biggest investor, will offer a $200 million letter of credit to the department store chain through affiliates of his firm, ESL Investments Inc. The amount could be expanded to…

In attempt to finalize its merger with Rite Aid, Walgreens said this week that it plans to sell hundreds of Rite Aid locations to Fred's, a Tennessee-based pharmacy chain, for $950 million. If the purchase is approved, Fred's physical footprint could increase drastically. The acquisition of the 865 Rite Aid stores automatically doubles Fred's storefront…

On Tuesday, six retailers agreed to stop the practice of on-call scheduling after they received inquiries about it from a group of state attorneys general. They join a growing number of retailers that have vowed to ditch on-call scheduling and give their employees more predictable hours. Aeropostale, Carter’s, David’s Tea, Disney, PacSun and Zumiez all said…

Bed Bath & Beyond is being sued by a group of New Jersey workers who claim the company has been shorting its employees of overtime pay for years. The class-action lawsuit accuses the company of violating New Jersey's Wage and Hour Law by not paying some of its employees time-and-a-half for hours worked over 40 hours. The salaried employees were allegedly…