Management
April 7, 2016 at 1:51 pm
L Brands Inc. said it would restructure its Victoria's Secret business in an attempt to streamline operations and focus more on its core merchandise, as the retailer reported better-than-expected growth Thursday across its established stores in March. The restructuring comes two months after Sharen Turney resigned as Victoria's Secret chief executive. Victoria's Secret will cut about 200…
April 7, 2016 at 9:11 am
On April 4, the governors of California and New York voted to approve new legislation that will increase the states’ 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 under…
April 6, 2016 at 9:48 am
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 “I told you so” by declaring that experiments like cloud hosting service Amazon Web Services have become massive businesses for the Seattle-based web retailer.…
April 5, 2016 at 9:56 am
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.
March 31, 2016 at 9:53 am
Macy’s Inc., the largest U.S. department-store company, cut its executives’ 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, Macy’s said Wednesday in a regulatory filing. Excluding changes in the value of his pension, Chief…
March 30, 2016 at 12:05 pm
Total Retail Talks is Total Retail’s 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 you’ll join us! Jodie Fox, Co-Founder and Chief Creative Officer, Shoes…
March 30, 2016 at 10:46 am
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 Gierhart’s departure in an email to employees Tuesday. Gierhart informed her of plans to “focus on other interests and pursue different opportunities,”…
March 28, 2016 at 3:48 pm
Marketers are aspirational people and "DMP" is the latest buzzword threatening single customer view’s 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 appropriate…
March 25, 2016 at 9:34 am
Alongside stacks of 50-pound bags of Producer’s Pride Hog Grower pig food and sunshine yellow CountyLine Heavy-Duty Super Spear hay handlers, Steve Barbarick, Tractor Supply Co.’s 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 Lowe’s…
March 24, 2016 at 10:19 am
Amazon.com said Wednesday that there’s 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,…
