Management

Chanel CEO Exits Over Strategic Differences
January 28, 2016 at 11:51 am

French couture house Chanel’s global CEO is ending her nine-year tenure with the company. On Jan. 27, the day after the brand’s haute couture runway show in Paris, Women's Wear Daily reported that Maureen Chiquet would be stepping down from her position. While the loss of Ms. Chiquet may require some adjustments, this change in leadership…

Staples Reportedly Laying Off Hundreds, but Stays Mum
January 27, 2016 at 12:09 pm

Staples Inc. is laying off hundreds of workers at its Framingham, Mass. headquarters, a move that analysts said suggests the company is preparing for the likelihood its planned merger with Office Depot Inc. won’t win regulatory approval. The job cuts were confirmed by a current employee and a former employee, both of whom asked for anonymity…

Staples Shakes Up Management, May Go Without Office Depot
January 26, 2016 at 11:58 am

Staples Inc. shook up its management ranks and vowed to make the company more efficient, saying it may need to compete without its proposed Office Depot Inc. merger, a beleaguered deal that hasn’t won antitrust approval. Demos Parneros, Staples’ president of North American stores and its online business, will step down by March 31, the company…

American Apparel’s Founder Dov Charney Loses Court Bid to Return
January 26, 2016 at 11:52 am

Dov Charney, the ousted founder of American Apparel, on Monday lost an 11th-hour bid to return to the troubled retailer, clearing the way for the company to exit from bankruptcy as early as next week. Judge Brendan L. Shannon of the Bankruptcy Court in Delaware gave his blessings to a plan backed by a majority of…

Gap Hires Abercrombie & Fitch Veteran as its New CMO
January 25, 2016 at 11:46 am

Can seasoned Abercrombie & Fitch marketer Craig Brommers make the Gap more fashionable with today's consumers? Following a sales slide during the holiday season, Gap has named Brommers senior vice president of global marketing for its namesake brand. He succeeds Seth Farbman, who departed a year ago, and went on to helm marketing at digital music…

Cabela’s Looks to Sell Credit Card Business
January 22, 2016 at 10:55 am

A funny thing has happened on the road to selling Cabela’s, the giant retailer of hunting, fishing and outdoor gear. The company, instead of placing the entire 27-store chain on the block, has decided to first sell its highly profitable credit card operation, The Post has learned. And since Cabela’s is seeking special conditions to the…

RadioShack CEO Departs After Less Than a Year on the Job
January 22, 2016 at 10:40 am

Ron Garriques has resigned as chief executive officer at RadioShack less than a year after taking over at the downsized Fort Worth consumer electronics chain. A company representative confirmed the departure on Wednesday, saying that Garriques stepped down “to pursue other interests in a role that will put him back closer to his family.” Chief Financial…

1.2 Million Wal-Mart Workers to Get Pay Raise
January 21, 2016 at 10:23 am

Most Wal-Mart employees in the U.S. will get a raise next month as part of the second phase of the company's commitment to higher wages. More than 1.2 million workers at Wal-Mart and Sam's Club will see a pay bump on Feb. 20, in line with the company's promise to bring its minimum hourly wage up…

Technology Key to Helping Under Armour ‘Sell More Shirts and Shoes’
January 20, 2016 at 12:35 pm

Under Armour has grown from humble beginnings — company founder Kevin Plank started the company from his grandmother’s basement in Washington, D.C. — into a worldwide brand that’s represented by some of the leading athletes today, including Tom Brady, Jordan Spieth, Stephen Curry, Misty Copeland, and many others. While having those stars associated with the…

The Zappos Exodus Wasn't About Holacracy, Says Tony Hsieh
January 20, 2016 at 11:23 am

For the past two years, quirky culture enthusiast and Zappos CEO Tony Hsieh has fascinated the business press with his radical experiment in self-governing management. Early on, I did a feature on the brand's so-called "Holacracy" management method (called "teal" internally), which abolishes traditional hierarchy and replaces bosses with an overlapping network of self-managed teams.…