Management

Foot Locker announced on Friday that it will close most of its 231 Footaction stores "to position its store fleet for the future" and "to focus growth on its iconic banners," according to a company press release. One-third of the Footaction locations will be converted into Foot Locker's other banners, such as Foot Locker and Champs…

Target, Walmart, CVS, Starbucks, Meijer, and Costco are among the retailers that have dropped their mask requirement for customers and employees who are fully vaccinated against COVID-19 in wake of the newest guidance from the Centers for Disease Control and Prevention (CDC). Specifically, on May 16, the CDC said that fully vaccinated Americans, for the most…

This isn't another article about the “new normal.” Having been a retail executive during the pandemic myself, here's the truth: Normal no longer exists. What exists (and is emerging) is a range of new business models and revenue streams, vastly different marketing mixes, customer expectations evolving faster than businesses can pivot, and organizational change that…

Walmart has increased the number of women and people of color in its officer roles in an effort to better reflect the country’s diversity among its top leadership. According to the retailer's annual diversity and inclusion report, which was published on Monday, Walmart’s representation of women and of people of color at the officer level…

Away, the luggage company valued at $1.45 billion, named co-founder Jen Rubio chief executive officer after she spent two months in the role on an interim basis. Rubio, 33, is taking the reins at a precarious time for the brand. The pandemic upended travel, and Away’s revenue fell by an estimated 55 percent in 2020,…

Kohl's has come to an agreement with the group of activist investors who have been pushing to gain control of the company's board, CNBC reported. As part of the agreement, Kohl's named three new directors to its board. Two of the new directors — Margaret Jenkins and Thomas Kingsbury — were nominated by the activist…

Lee Delaney, president and CEO of BJ’s 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 the…

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 at…

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 the…

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 and…