Management
July 13, 2015 at 2:26 pm
Retail giant Wal-Mart Stores and its Sam’s Club division are in the process of cutting up to 1,000 corporate headquarter jobs by Nov. 1, according to several sources familiar with the situation. The cuts would happen through layoffs and attrition, and may include up to 200 vice presidents. Wal-Mart Stores didn't confirm nor deny the…
July 13, 2015 at 2:12 pm
A coalition of executives from some of the nation's largest companies, spearheaded by Starbucks CEO Howard Schultz, pledged to hire 100,000 young Americans who have been shut out of the job market. The 100,000 Opportunities Initiative, which launches Monday, aims to give a leg up to some of the estimated 5.5 million Americans, ages 16…
July 10, 2015 at 2:12 pm
Crate and Barrel has named Doug Diemoz as its new CEO, the Northbrook, Ill.-based home furnishings retailer announced Thursday. Diemoz is currently chief development officer for California-based Restoration Hardware. Diemoz will start his new role with Crate and Barrel on Aug. 1. A 20-year retail veteran, Diemoz joined Restoration Hardware in March 2014. He was…
July 9, 2015 at 2:45 pm
CVS pharmacies is pulling out of the U.S. Chamber of Commerce amid reports that the lobbying group worked on behalf of tobacco companies to stamp down global anti-smoking laws. The New York Times reported last week that the chamber and its foreign affiliates have zeroed in on efforts by governments around the world to curb…
July 9, 2015 at 2:32 pm
Walgreens Boots Alliance Inc. has named Stefano Pessina CEO, making permanent a role the executive has filled since the largest drugstore chains in the United States and Great Britain combined to create one of the world's biggest pharmaceutical purchasers. The 73-year-old Pessina was chairman of European health and beauty retailer Alliance Boots before engineering the…
July 8, 2015 at 2:51 pm
The news for billionaire, fashion icon and political prophet Donald Trump just gets worse and worse. Not only has his ultra-chic Donald J. Trump Collection clothing line been dumped by Macy’s, it has now even been rejected by down-market discounters Marshalls and T.J. Maxx as well.
July 7, 2015 at 2:25 pm
Struggling clothier American Apparel Inc. is laying off workers and closing some stores as part of an ongoing effort to turn around its tumultuous business. The Los Angeles clothing maker wouldn't disclose the number of stores or jobs that will be cut. It also didn't say whether the layoffs, which will begin immediately, will affect…
July 6, 2015 at 3:32 pm
Struggling teen clothing retailer American Apparel launched a restructuring plan to cut costs but warned it may not be enough to meet funding requirements in the next 12 months. The company, which is being sued by founder and former CEO Dov Charney, said on Monday it would cut jobs and close stores to slash costs…
July 2, 2015 at 2:39 pm
Barnes & Noble, the nation’s largest retail bookseller, today announced that Ronald D. Boire has been named CEO of Barnes & Noble’s retail business, effective Sept. 8, 2015. Mr. Boire is currently president and chief executive officer, and a member of the board of directors, Sears Canada.
July 1, 2015 at 2:45 pm
Donna Karan is stepping down from her post as chief designer of Donna Karan International (DKI). The company announced on Tuesday that Karan made "a personal decision to step down from her day-to-day responsibilities" at her namesake brand. She'll shift her focus to Urban Zen, a standalone project she founded in 2007 that sells apparel, accessories,…
