Management

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…

Kroger said on Friday that it's offering a voluntary retirement option for many of its non-store employees in an effort to cut costs. Kroger said about 2,000 associates are eligible for the offer, but it doesn’t include store and district associates, senior officers and supermarket division presidents. Employees have until March to decide whether they’re…

Lands’ End, Inc. announced today that fashion and luggage executive Jerome Griffith would be its next chief executive. Griffith was most recently the head of premium luggage maker Tumi Holdings Inc., until it was purchased by rival Samsonsite earlier this year. Griffith, who will join Lands’ End on March 6, was also named to the…

Pier 1 Imports announced Wednesday that it has appointed Terry London, the company's chairman, to be interim president and CEO, effective Jan. 1. London will be taking over for Alex Smith, who will be leaving the home goods retailer on Dec. 31, ending his tenure as CEO. Smith is responsible for a successful turnaround for…

I have some exciting news to share with you! Total Retail is announcing the release of its first annual Salary Benchmark Report, which is comprised of data analyzing key statistics on retail executives’ salaries, benefits and views on career growth potential. Over the years, Total Retail's audience has asked us for comprehensive salary information to…