Management
October 12, 2016 at 2:09 pm
The holiday season is looking up for Toys"R"Us. After two quarters of strong sales this year, Toys"R"Us is hopeful the positive momentum continues into the fourth quarter, in which it typically generates 40 percent of its annual revenue and operating income. These signs of a turnaround at the toy retailer have it considering its options,…
October 12, 2016 at 12:47 pm
It's that time of year again. No, not quite the holiday season (which will be here before we know it!). The time of year when we see which retailers will keep their stores open on Thanksgiving Day. This year, hhgregg has decided to close its stores on the holiday. The consumer electronics company announced it…
October 10, 2016 at 12:57 pm
Chico's FAS, Inc. announced last week that Diane Ellis, the current CEO of The Limited, has been appointed president of its Chico's brand, effective Nov. 1. In this role, Ellis will oversee all business activities for Chico's and will report directly to Shelley Broader, president and chief executive officer of Chico's FAS.
October 3, 2016 at 10:09 am
Teen fashion retailer rue21 abruptly replaced longtime CEO Bob Fisch along with the company's head of merchandising in a surprise shake-up of key leadership on Saturday. Fisch, who has served as president and CEO since 2001, will be succeeded in the interim by Keith McDonough, the company's chief financial officer. The company said Kim Reynolds,…
September 30, 2016 at 12:00 pm
Stein Mart CEO Dawn Robertson has resigned, effective immediately, after just six months in the job. Robertson was also a director for the company and acted as chief merchandising officer. D. Hunt Hawkins, Stein Mart's current president and chief operating officer, has been named interim CEO. The company will initiate a search for a new chief…
September 30, 2016 at 11:26 am
Pier 1 Imports is trying to protect itself from potential takeover bids. So, in order to do that, the home good retailer is invoking a “poison pill” provision, also known as a “Rights Protection Agreement,” which basically protects the company from any single shareholder acquiring more than a 10 percent stake in it. Alden Global Capital,…
September 28, 2016 at 2:30 pm
On Tuesday, Petco announced Jim Myers, its CEO since 2004, will be retiring. The retailer's president and chief merchant, Brad Weston, will succeed Myers as CEO. Myers was a key leader at the pet supplies chain for 12 years, helping the company grow from a regional player to a nationally recognized retailer with two brands under…
September 27, 2016 at 11:51 am
Staples on Monday named Shira Goodman as president and chief executive officer, cementing her role at the office supplies company. Goodman, a Staples veteran, has served as interim CEO since May when longtime leader Ron Sargent agreed to resign after a federal judge blocked the retailer's attempt to acquire rival Office Depot. Goodman has served in…
September 26, 2016 at 11:31 am
Neiman Marcus has named a new chief marketing officer. The Dallas-based luxury retailer said Friday that Carrie M. Fisher has been named senior vice president and chief marketing officer of Neiman Marcus Group. Fisher starts on Oct. 3, and comes to Neiman Marcus from Fossil Group, where she held the same titles at the fashion watch…
September 26, 2016 at 11:10 am
Jason Goldberger, Target’s chief digital officer, has left the company in a sudden shakeup at the Minneapolis-based retailer. Goldberger’s responsibilities will be divided up between Chief Information Officer Mike McNamara and Mike Triton, chief marketing officer. Goldberger is the second high-profile executive to leave Target this month. Chief Marketing Officer Jeff Jones abruptly resigned earlier this…
