Management
Lee Delaney, president and CEO of BJโs Wholesale Club, passed away unexpectedly last week, due to presumed natural causes, the company announced Friday. He was 49. Bob Eddy, executive vice president, chief administrative and financial officer, has been named interim CEO by the board of directors, effective immediately. Additionally, Christopher J. Baldwin, chairman of theโฆ
Bed Bath & Beyond (BB&B) announced two new hires this week, CNBC reported. These executives will specifically be working on the brand's $3 billion e-commerce business. Jill Pavlovich, former head of exclusive brands and merchandising for Wayfair, has been hired as BB&B's senior vice president of digital commerce. Jake Griffith, previously a general manager for sports and fitness atโฆ
Ulta Beauty announced last week that CEO Mary Dillon, who led the retailer through a period of massive growth that more than doubled its network of stores, is stepping down in June. Dave Kimbell, now president, will take over as CEO as Ulta works to recover from the impact of the coronavirus pandemic. Dillon will transition to theโฆ
During the January Women in Retail and Total Retail Virtual Exchange event, Oliver Chen, managing director, retail and luxury sector head at Cowen and Company, shares his insights and analysis on multiple industry-related topics in an interview with Jennifer DiPasquale, president of Total Retail. In this video clip from the session, Chen identifies the retailers andโฆ
The group of activist investors looking to seize control of Kohlโs board has reduced the number of directors that it plans to nominate from nine to five. In a letter sent to the retailerโs shareholders Thursday, the group โ which has a combined 9.5 percent stake in Kohlโs โ said it originally nominated nine candidatesโฆ
The owner of Saks Fifth Avenue, Hudson's Bay Company, announced it will separate the Saks' website into an independent business from its stores, CNBC reported. The decision to split the luxury department store's website comes after it raised $500 million. Venture capital firm Insight Partners put up the money to take a minority stake in Saksโฆ
Nike announced Monday that its vice president and general manager of the North America division has resigned, CNBC reported. Ann Hebert has left the retailer abruptly after 25 years with the company. This announcement follows a report from last week that revealed Hebert's 19-year-old-son, Joe Hebert, had used a credit card in her name to buyโฆ
Kohlโs said Monday that it has rejected an investor groupโs attempt to seize control of its board, saying it would disrupt the momentum it has in revamping its business, reports CNBC. The retailerโs shares soared more than 8 percent in trading Monday, after a group of activist investors confirmed it has nominated nine directors toโฆ
Target will offer its employees free transportation and pay for the time taken to receive the COVID-19 vaccine, and Target-owned grocery delivery service Shipt will also offer stipends to its contract workers. All Target hourly employees who choose to get vaccinated will get up to four hours of pay โ two hours for each doseโฆ
After 27 years of running the e-commerce giant, Jeff Bezos is stepping down as CEO of Amazon.com, CNBC reported. The entrepreneur is handing over the CEO role to Amazon's top cloud executive, Andy Jassy, while Bezos will transition to executive chairman of the company's board in this year's third quarter. Jassy has been with Amazonโฆ