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Management
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On April 4, the governors of California and New York voted to approve new legislation that will increase the statesโ minimum wages over the next six years. Both states will gradually raise the minimum wage rates to $15 an hour by 2022. The minimum wage in New York is currently $9.00, equating to just underโฆ
Jeff Bezos wants you to know that his big bets pay off. In his annual shareholder letter, which was unveiled on Tuesday, the Amazon.com CEO issued the Wall St. version of an โI told you soโ by declaring that experiments like cloud hosting service Amazon Web Services have become massive businesses for the Seattle-based web retailer.โฆ
Advance Auto Parts announced Monday that it has hired a new CEO to lead the publicly traded company, which is a leading seller of aftermarket auto parts. Tom Greco, 57, served most recently as CEO of Frito-Lay North America, a division of PepsiCo. He replaces Darren Jackson, who retired from Advance in early January.
Macyโs Inc., the largest U.S. department-store company, cut its executivesโ incentive bonuses to zero after missing revenue and expense targets in 2015. The board decided to award no bonuses after falling short of its sales, cash flow and earnings goals, Macyโs said Wednesday in a regulatory filing. Excluding changes in the value of his pension, Chiefโฆ
Total Retail Talks is Total Retailโs podcast channel, and it features interviews and insights with some of the leading minds in the retail industry. Please check out our podcast channel page for all episodes, show notes and additional information. Also, you can access Total Retail Talks episodes on iTunes and Stitcher. We hope youโll join us! Jodie Fox, Co-Founder and Chief Creative Officer, Shoesโฆ
Neiman Marcus Chief Marketing Officer Wanda Gierhart has decided to leave the Dallas-based luxury retailer. She's the third longtime, key executive to leave the company in the last few months. CEO Karen Katz announced Gierhartโs departure in an email to employees Tuesday. Gierhart informed her of plans to โfocus on other interests and pursue different opportunities,โโฆ
Marketers are aspirational people and "DMP" is the latest buzzword threatening single customer viewโs long-standing reputation as the Holy Grail of marketing. Essentially, a data management platform (DMP) is a tool that stores data from multiple sources, helping marketers identify previously anonymous customer segments so they can target them via the appropriate channel with appropriateโฆ
Alongside stacks of 50-pound bags of Producerโs Pride Hog Grower pig food and sunshine yellow CountyLine Heavy-Duty Super Spear hay handlers, Steve Barbarick, Tractor Supply Co.โs chief merchant, is rummaging through a bin of weighty grade-5 hexagonal head bolts, the kind commonly used to fasten structural steel. Sure, you could buy similar bolts at Loweโsโฆ
Amazon.com said Wednesday that thereโs no gender or ethnic imbalance in how it pays its employees, heading off pressure from activist investors who wanted the company to prepare a detailed report on the issue. A recent review of its 2015 compensation showed that women earned 99.9 cents for every dollar men earned in the same jobs,โฆ
Ken Murphy is the new chief executive officer of Mattress Firm. Murphy, 40, rises from company president to replace Steve Stagner, who served as CEO since 2010. Stagner now is executive chairman and chairman of the board of directors, the company announced Monday. The changes are in effect. A company statement said the move "will allow for betterโฆ