Management
August 30, 2017 at 12:11 pm
Rob Walton, son of Wal-Mart founder Sam Walton, sold a chunk of his stock in the company this week, netting $62.3 million in proceeds. Walton did this in two installments: The first sale was of 646,330 shares at a price of $80.2025, which brought in more than $51.8 million. The second was of 129,628 shares…
August 30, 2017 at 11:55 am
Urban Outfitters Inc. has expanded the size of its board from nine to 10 members, and elected Sukhunder Singh Cassidy as a director. Cassidy is a leading internet executive and entrepreneur, with over 20 years of experience building digital businesses. In addition to founding several companies, including theBoardlist, Joyus and Yodlee, she served as CEO…
August 29, 2017 at 10:38 am
Hudson's Bay, the owner of the Saks Fifth Avenue and Lord & Taylor retail chains, is seeking to carry out a review of its options, including going private, following pressure from an activist shareholder, people familiar with the matter said. Hudson's Bay, which is already working with an investment bank to defend itself against activist…
August 28, 2017 at 2:07 pm
The Home Depot Inc. was one of several companies that helped people affected by Hurricane Harvey, the Category 4 hurricane that devasted portions of Texas with catastrophic rains and flooding over the weekend. On Saturday, The Home Depot activated its Disaster Response Command Center at its store support center in Atlanta. There, the company's merchandising,…
August 28, 2017 at 1:35 pm
Perfumania Holdings Inc, a retail and wholesale company that sells fragrances, announced last week that it has initiated a recapitalization and filed for Chapter 11 bankruptcy protection in federal court. The company said in a statement that the actions would help Perfumania “reduce its retail store count to better align with current consumer shopping patterns,…
August 25, 2017 at 10:00 am
In this episode of Retail Right Now, Total Retail reviews the week's top retail news stories, including Wal-Mart's patent for a floating warehouse, Wal-Mart's partnership with Google to enable voice shopping from the discount retail chain, and Macy's job cuts and poaching of eBay exec Hal Lawton.
August 24, 2017 at 11:22 am
Activewear brand Outdoor Voices has appointed Mickey Drexler as chairman of its board. The announcement follows Drexler's recent departure as CEO from J.Crew. Outdoor Voices was founded by Tyler Haney in 2014. "Mickey is an expert at building teams and a fantastic leader," Haney told Business of Fashion. "Having him on Team OV gives us…
August 23, 2017 at 3:45 pm
How well is your business performing today? Whether you're a healthcare practitioner, health food and product retailer, or manufacturer, I’ll bet you know exactly how your business is performing. You track sales, results, profits and more, every day. How well is your business operating today? In other words, how do people treat each other in…
August 23, 2017 at 3:07 pm
Recently, we co-authored an article about baby boomers and millennials, and how and why they do or don’t co-exist in the workplace. This article is actually an outgrowth of our prior research, as well as the lack of substantive research around the topic. Our research for this article leads us to rethink the ways that…
August 23, 2017 at 2:15 pm
Earlier this week, Francesca’s Holdings Corporation announced the departure of Laurie Hummel, executive vice president and chief merchandising officer, after less than two years on the job. Steve Lawrence, president and CEO of Francesca's, said during an earnings call, “We have a lot of talent in our merchandising team and are confident in their ability…
