Management

Experiential Retail Chain, Pirch, Shuttering Most of its Stores
September 14, 2017 at 10:35 am

Pirch is planning to shutter most of its locations as it overhauls operations. The high-end appliance and kitchen chain has been praised for its innovative retail experiences, including in-store chefs and try-before-you-buy mentality. Despite just opening up its Austin, Texas location in early May, Pirch is shuttering the storefront. In addition to the Austin location, Bloomberg reports…

eTail East: Summertime and the Living Was Easy
September 14, 2017 at 9:08 am

A sunny, 85-degree day in August. For most people, that meant heading to the beach for one last summer getaway. For the retail world, it signaled another eTail conference in Boston. This year’s eTail East featured content that should help attending retailers make the most of the upcoming 2017 holiday shopping season. Throughout the conference,…

3 Steps to Avoid a Fashion Founder’s Fumble
September 13, 2017 at 4:53 pm

It’s clear that competition in the fashion and apparel business is as brutal as any. Every organization is faced with a changing retail environment, the impact of the internet, pressure on margins, and challenges of becoming efficient in every aspect of the business. It’s not surprising that these businesses are increasingly finding it necessary to…

Groupon Names Jennifer Carr-Smith as SVP, General Manager, North America
September 13, 2017 at 2:28 pm

Groupon announced that it has named Jennifer Carr-Smith as senior vice president, general manager of North America Local. In her new role, Carr-Smith will lead Groupon’s local business, including key areas such as health, beauty and wellness; things to do; food and drink; and sales operations. Carr-Smith most recently served as president of Peapod, and…

The Fresh Market Hires New CEO
September 13, 2017 at 2:25 pm

The Fresh Market, Inc. announced Monday the appointment of Larry Appel as the company’s president and chief executive officer, effective immediately. Appel, who has nearly 30 years of experience in retail, legal and corporate strategy, was also elected to the company’s board of directors. He had been CEO of Skeeter Snacks LLC, a producer of natural and…

Wal-Mart Reshaping its Organizational Structure
September 13, 2017 at 2:21 pm

Wal-Mart Stores Inc. has announced a restructuring plan that will better help it keep up with the fast pace of change in the retail sector. The restructure includes changing the way individual stores report up through the company. Previously, there were six divisional groups, which are now being trimmed to four. In addition, 44 regional groups…

Jenna Lyons’ Replacement at J.Crew Has Resigned
September 13, 2017 at 2:15 pm

J.Crew this week announced that Somsack Sikhounmuong has resigned from the company as its chief design officer. Sikhounmuong, who joined J. Crew from Madewell in 2015, was promoted to replace Jenna Lyons back in April, who had been with the apparel retailer for 26 years. Now the position is open again. "His [Sikhounmuong's] current responsibilities,…

Target to Hire 100,000 Seasonal Workers
September 13, 2017 at 10:21 am

Target is planning to hire 100,000 workers for the upcoming holiday season, a 43 percent increase from last year, after keeping seasonal hiring flat for the last four years. Target also said it will hire 4,500 people for the season at its distribution and fulfillment centers, which supply products to its 1,816 stores as well…

Best Buy Pulls Product Line Over Ties to the Russian Government
September 12, 2017 at 11:55 am

Best Buy will no longer sell security software from Russian internet security company Kaspersky Lab after concerns that the company could be unduly influenced by the Russian government. This summer, the Moscow-based cybersecurity company has faced a series of allegations that it could be influenced by the Kremlin. Due to those concerns, Best Buy decided to stop…

Amazon Opens Search for Location of Second Headquarters
September 11, 2017 at 12:28 pm

Amazon.com said last week that it will spend more than $5 billion to build another headquarters in North America to house as many as 50,000 employees. Since that announcement, more than 20 cities have applied, according to an article in the The Business Journal. Cities have a little more than a month to apply, and they must…