Management

J.C. Penney CEO Marvin Ellison is leaving the department store chain to become CEO of Lowe's, the home improvement chain reported Tuesday. Ellison came to J.C. Penney from Home Depot, so Lowe's is getting an experienced home improvement executive. Last week, J.C. Penney reported weaker-than-expected earnings. J.C. Penney's board said Tuesday that it has created an Office…

BJ's Wholesale Club filed for an initial public offering with regulators last week to list itself on the New York Stock Exchange, marking its bid to become a public company again. The company, which was taken private in 2011 for $2.8 billion in cash by private equity firms Leonard Green & Partners and CVC Capital Partners, will list…

Jane Elfers has delivered several years of industry-leading shareholder returns since joining The Children’s Place as president and CEO in 2010. But how did she do it, especially since the company had been on a downward trajectory for several years when she joined? According to a discussion Elfers had with Robin Lewis, CEO, The Robin Report during a Retail Marketing Society breakfast event in New York City on May 2, the key was a strategic plan she created with with four specific pillars: superior product, business transformation through technology, alternate channels of distribution, and fleet optimization. During the discussion, Elfers detailed each of the pillars.

In episode 145 of Total Retail Talks, Total Retail's Editor-in-Chief Melissa Campanelli interviews Sharon Leite, managing director, North America, Godiva Chocolatier. LIsten in as Leite discusses her career path, leadership style and what's next for Godiva, all recorded live at this year's Total Retail Roundtable in New York City.

The yellow price tag isn’t going away, but it’s no longer front and center in an updated logo Best Buy revealed this week. The first refresh of the logo in nearly three decades is part of a new marketing strategy as the electronics chain increasingly focuses not just on products and prices, but also the value…

Walmart Inc. announced yesterday that it has signed a definitive agreement to become the largest shareholder in Flipkart Group, an e-commerce company headquartered in Bengaluru, India that's a leader in electronics, large appliances, mobile, and fashion and apparel. Walmart will buy an initial stake of roughly 77 percent in the company for $16 billion, while…

One of the fastest-growing sectors of the sharing economy is anticipated to be “rental retail.” Rental retail is any store, online or brick-and-mortar, that offers items for both sale and rent. Although widespread adoption of sharing behaviors may appear to threaten traditional buying behaviors, this trend actually represents tremendous opportunity for both traditional and online retailers that make rental part of their business models. To enable this evolution, best practices and intuitive new rental management tools will help retailers easily capture unrealized growth by simply renting out the goods that they're already in the business of selling.

A sweeping investigation into workplace behavior at Nike has resulted in the departure of four more top-level executives, raising to 10 the number of senior managers to leave the company. Nike continues to overhaul its upper ranks amid widespread allegations of harassment and discrimination against female employees. Together, the departing executives oversee some of the most…

The ShopKeep Small Business Pulse is a report designed for sharing valuable insights, sentiments and challenges today's small business owners face. The report highlights responses from ShopKeep customers on a variety of topics, including business challenges, the adoption of new technology, and business goals. The data is sourced from 1,794 small and independent business owners across the U.S. and Canada with at least one brick-and-mortar store location in February 2018.

From the dawn of retailing time, brands have striven to achieve one mammoth goal: to encourage wholesalers to sell their products. Before the internet, the strategy worked wonders. Moving merchandise via Macy's? You were golden. The big-box retailer did all the marketing to loyal patrons, and brands reaped the benefits. Alas, this wholesale landscape is…