Management

eBay CEO Devin Wenig parted ways with the company yesterday, according to Reuters. Wenig, who has been in the role for four years, cited differences with eBay's board of directors as the reason he decided to step down. Recently, the board was revamped and is looking to sell some of the company's assets, Reuters reported.…

While the U.S. economic outlook is looking healthy based on recent stock market gains, peering into the retail sector reveals fundamental cracks in its landscape that indicate a state of decline. This retail apocalypse has malls and stores disappearing at a disturbing rate. There have been over 7,000 closings so far in 2019, a figure which…

When an ambitious entrepreneur or leader launches a retail business — whether e-commerce or brick-and-mortar — one of the first and most pressing considerations should always be scalability. Specifically, this translates to the potential for a product, structure or process to stretch to meet the size and scale of the given customer landscape. As business…

J.Crew announced last week that it has filed documents with regulators to prepare for an initial public offering for its fast-growing denim brand, Madewell. According to the filing with the SEC, Chinos Holdings, J.Crew's subsidiary, will be renamed Madewell before the IPO. The company didn't disclose the size of the offering or its target price range, but said it…

Insights That Will Help Your Business Maximize Sales and Profits

Upscale candy retailer Sugarfina filed for Chapter 11 bankruptcy Friday and will immediately close six of its 44 boutique stores, reports CandyIndustry.com. The brand cited shifts in the retail sector, uncertainty in its international partnerships, and difficulty in controlling margins as reasons for not being profitable, and reports having $26.65 million in debt. Sugarfina began searching for…

What’s the next disruptor for retail, the one thing that will make the big difference in engaging new customers? Recently, retailers tested new ways to shake up their business model by offering subscription-based services or on-demand experiences personalized for the consumer based on their needs. That’s been good. However, what’s driving nearly 30 percent of…

Discount retailer Fred’s announced Monday it is filing for Chapter 11 bankruptcy protection and closing all of its stores. The company said liquidation sales at retail locations will be completed over the next 60 days. The bankruptcy is a sign that cost-cutting measures such as the shuttering of hundreds of unprofitable stores and inventory clearance sales couldn't save the retailer.…

Tapestry, the parent company of brands Coach, Stuart Weitzman, and Kate Spade, announced the appointment of Jide Zeitlin as its new CEO, effective immediately, reports CNBC. Zeitlin replaces Victor Luis, who worked at the company for 13 years and became CEO in 2014. During his tenure, Luis oversaw the transformation of the company name from…

Forever 21 Inc. is preparing for a potential bankruptcy filing as the fashion retailer’s cash dwindles and turnaround options fade, according to people with knowledge of the plans. The company has been in talks for additional financing and working with a team of advisers to help it restructure its debt, but negotiations with possible lenders have so…