Management
February 22, 2016 at 10:24 am
Kit and Ace, the retail startup launched by lululemon athletica Inc founder Chip Wilson’s family, has laid off roughly 10 percent of staff at its Vancouver headquarters, as the closely held company slows its rapid pace of expansion. The layoffs, which impact about 35 people, come as the luxury casual wear-maker shifts focus from opening dozens…
February 19, 2016 at 10:55 am
Bebe stores, inc. announced that Manny Mashouf has rejoined its management team as chief executive officer and that Walter Parks has rejoined as president, chief operating officer and interim-chief financial officer. Former CEO and board member Jim Wiggett and former CFO Liyuan Woo are no longer with the company. Bebe further announced that it has…
February 17, 2016 at 10:50 am
Home electronics and appliance retailer Hhgregg Inc. named an interim chief executive Tuesday following the resignation of Dennis L. May, who had served in the post since August 2009. The company said May’s resignation was effective immediately. Finance and investor relations director Lance Peterson said May, 48, left by mutual agreement with the company’s board of…
February 15, 2016 at 12:22 pm
Victoria’s Secret’s CEO has resigned, the lingerie store’s parent company announced Friday. Sharen Jester Turney, who had been CEO of Victoria’s Secret since 2006, attributed her departure to wanting to prioritize her family. Leslie Wexner, chairman and CEO of parent company L. Brands, will take the helm of Victoria’s Secret, while Turney remains as an adviser.
February 15, 2016 at 12:16 pm
Kohl's Corp. has eliminated three high-level corporate positions as the company continues to search for ways to revive sluggish performance and rekindle growth. The shake-up comes just one week after the retailer reported lackluster sales in the fourth quarter and sliced its 2015 earnings projection. Now gone from the Menomonee Falls, Wis.-based company are Krista Berry, executive…
February 12, 2016 at 10:12 am
USAToday alerted investors this week that when Sears Holdings reports results on Feb. 25, they will be horrible. Revenues down another 8.7 percent vs. last year. Same-store sales down 7.1 percent. To deal with ongoing losses the company plans to close another 50 stores, and sell another $300 million of assets. For most investors, employees…
February 10, 2016 at 3:15 pm
What do you enjoy most about working in the retail industry? My dad was a small business owner, Arel’s Flowers & Gifts, for 35 years — it just closed this year. The store was another member of our family and a big part of our small…
February 10, 2016 at 3:10 pm
What do you enjoy most about working in the retail industry? The fast pace and working with a team that’s always innovating and creating/executing new ideas — a team that truly doesn’t know what cannot be done. If you weren’t working in the retail…
February 10, 2016 at 2:58 pm
What do you enjoy most about working in the retail industry? There are so many things that I love about the industry, namely the product, the pace and the people! If you weren’t working in the retail industry, what do you…
February 10, 2016 at 2:49 pm
What do you enjoy most about working in the retail industry? The consumer connection, the art and science, and the innovation. If you weren’t working in the retail industry, what do you think you’d be doing? Tech, travel and philanthropy. How would you describe your leadership style?…
