Management

bebe stores’ CEO Outlines Turnaround
June 29, 2015 at 1:56 pm

bebe stores is in the midst of a turnaround plan to get the women's apparel retailer back on track with a laser-like focus on who its customer is and the kind of clothing she's looking to buy. "There have been paradigm shits within the company and they didn’t work," said CEO Jim Wiggett. "So what…

Target Makeover Continues as its No. 2 Executive Leaves
June 26, 2015 at 3:08 pm

Kathee Tesija, who rose from an entry-level analyst job to become the chief shaper of Target Corp.’s style and decider of all the things it sells, is leaving in the highest-level executive change since a new leader arrived 10 months ago. Tesija is ending a 29-year career with the Minneapolis-based retailer, the past seven as…

Abercrombie Settles Immigration-Related Lawsuit Over Hiring Practices
June 26, 2015 at 3:00 pm

Abercrombie & Fitch agreed to pay more than $158,000 and be monitored for two years as part of a settlement agreement with the U.S. Department of Justice over allegations that it discriminated against a non-U.S. citizen when it required her to present a green card. The Columbus, Ohio-based company agreed to pay the woman $3,661…

Retailers Urge Congress to Make Changes to Healthcare Act
June 26, 2015 at 2:52 pm

The Retail Industry Leaders Association (RILA) is calling on Congress to make “much needed” changes to the Affordable Care Act (ACA). The move comes in response to the Supreme Court of the United States’ ruling Thursday upholding subsidies provided through ACA.

Ikea to Hike Minimum Wage to $10 an Hour
June 25, 2015 at 2:53 pm

Ikea will boost its minimum wage to $10 per hour next year, the company said Wednesday. The company's new $10 minimum will be a 15 percent hike from existing pay, while some workers will make more than $14 an hour. Ikea's wages vary from store to store depending on the local cost of living, thanks…

Coty Paying $1.8M for CEO Who Didn't Take the Job
June 24, 2015 at 1:27 pm

Cosmetics and fragrance maker Coty said its interim CEO will continue in that role, and Elio Leoni Sceti, who was slated to become its CEO in about a week, won't be joining the company. The company says it will pay Leoni Sceti $1.8 million in severance and buy back preferred stock he had bought. Chairman…

Zara Racially Profiles its Customers, Report Finds
June 24, 2015 at 1:19 pm

It’s been just three weeks since several current and former Zara executives hit the Spanish retail giant with a $40 million discrimination lawsuit, and a new report suggests that Zara's discriminatory behavior may carry over to its stores. Between February and April, the Center for Popular Democracy surveyed 251 Zara employees in New York, releasing…

Marvin Ellison’s Story is Classic J.C. Penney
June 23, 2015 at 2:34 pm

Marvin Ellison didn’t start out in a cushy executive training program after his parents paid to send him to an elite college. No, Ellison has one of those other storybook backgrounds, the kind that inspire us to plant the American flag in our front yards on federal holidays. He’s the real American dream, and he’s…

J.Crew Fires VP After Social Media Backlash
June 22, 2015 at 2:30 pm

After widespread backlash for posting pictures of his partying after massive layoffs at J.Crew's corporate headquarters, the clothier's vice president of men's merchandising has been fired, a source with information on the situation told CNBC. Alejandro Rhett came under fire after posting photos to Instagram that seemingly made light of the 175 J.Crew firings that…

J.Crew Executive Seemingly Taunts Fired Employees
June 19, 2015 at 3:25 pm

There are some classy ways to handle firing employees — this just might not be one of them. Soon after personally delivering the bad news to some J.Crew employees being laid off, the clothier's vice president of men's merchandising took to Instagram to post celebratory photos, seemingly mocking those who were fired, according to The…