Management
October 24, 2019 at 11:53 am
Destination Maternity, owner of brands such as A Pea in the Pod and Motherhood, has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware. The company plans to shutter 183 stores. The move comes after the Moorestown, N.J., retailer has struggled for years to regain its footing…
October 23, 2019 at 12:24 pm
To those in retail, GameStop’s decline might be seen as a slight shock — it’s a monopoly chain with more than 5,000 stores that has been dominating the gaming industry for more than three decades. For professionals in gaming, the company’s demise was inevitable and not surprising in the least bit. GameStop is comparable to…
October 22, 2019 at 10:24 am
In a surprise announcement, Kevin Plank, who founded Under Armour in 1996 while still in college, announced Tuesday he is stepping down as CEO. Plank will be replaced by Chief Operating Officer Patrik Frisk, effective Jan. 1. Frisk will also join Under Armour's board, while Plank transitions to executive chairman and brand chief. Plank is…
October 16, 2019 at 1:40 pm
The Children’s Place announced Tuesday a plan to relaunch children's clothing brand Gymboree in 2020, reports CNBC. In a press release, The Children's Place announced Gymboree merchandise will be sold on an enhanced website, Gymboree.com, as well as in shop-in-shop locations in over 200 select The Children’s Place stores in the U.S. and Canada. The Children’s…
October 16, 2019 at 12:10 pm
When it comes to the success of your company, your people are your most important asset. Creating a culture of trust and transparency within an organization, especially when it comes to pay equity, is crucial. While the issue of pay inequity spans all industries, it's an issue that’s especially evident in the retail industry, which…
October 14, 2019 at 3:07 pm
Ross Stores said this week that is has opened 30 new Ross Dress for Less and 12 dd's DISCOUNTS stores across 19 different states in September and October, completing the company's store growth plans for fiscal 2019 with the addition of 98 new stores. The 42 locations added this fall include nine stores in the company's…
October 11, 2019 at 12:15 pm
Most large retail chains mainly contain their capital needs through store leasing arrangements or by offloading capital investments to their franchisees. However, it still takes a lot of capital to ensure retail spaces align with ebbs and flows in demand and meet consumer’s expectations for pleasant, up-to-date environments. While capital might seem to be an…
October 11, 2019 at 10:51 am
Bed Bath & Beyond ended its four-month search for a new CEO when it named Mark Tritton, Target's chief merchandising officer, to the role on Wednesday. Tritton worked in Target's C-suite for three years, helping build its popular stable of private-label clothing and home furnishings' brands. He has also been an executive at Nordstrom, Nike…
October 9, 2019 at 12:00 pm
Men's apparel retailer Bonobos, which is owned by Walmart, announced earlier this week that it laid off dozens of employees following a push from Walmart to cut its e-commerce losses, reports The Wall Street Journal. Walmart acquired Bonobos in 2017, but the brand is still not profitable for the retail giant, even after its expansion…
October 7, 2019 at 12:19 pm
In episode 216 of Total Retail Talks, Executive Editor Joe Keenan interviews Luke Kingsnorth, CEO of Charles Tyrwhitt, a leading U.K.-based menswear retailer specializing in dress shirts, suits, ties and accessories. Listen as Kingsnorth discusses his background in the retail industry, his recent promotion to the chief executive position, and the expansion of the brand into new…
