Management

Fossil Group Makes Executive Changes
August 9, 2017 at 1:26 pm

Fossil Group Inc. recently announced the resignation of Executive Vice President, CFO and Treasurer Dennis Secor. He joined the company in December 2012. Fossil Group also announced that Jeffrey Boyer, currently a member of the company’s board of directors, has been appointed executive vice president, CFO and treasurer, effective Oct. 16. “We're pleased to welcome…

Carrie McDermott Named President of Sally Beauty
August 9, 2017 at 11:57 am

Sally Beauty Holdings this week announced the appointment of veteran retail executive Carrie McDermott to the position of president of its Sally Beauty operations in the U.S. and Canada. McDermott brings more than 31 years of retail leadership experience to the position. Prior to joining Sally Beauty, she served nine years in roles of increasing responsibility…

How to Protect Your Business From Employee Fraud
August 8, 2017 at 10:26 am

There are few business problems as difficult to address as fraud. Emotions can run high as any consideration of the matter immediately casts doubt on the trustworthiness of team members and can create an environment of secrecy and suspicion. The first thing to understand is that everyone, including any individual who may be skimming company…

Bed Bath & Beyond Cutting 880 Store Management Positions
August 4, 2017 at 9:22 am

Bed Bath & Beyond has sped up a plan to “realign” its store management structure, resulting in a reduction of about 880 department and assistant store manager positions. "These actions accelerate a transition in store management roles that began more than a year ago through store hiring practices and attrition," the company said in a…

No Bonuses for Most Retail Executives as Sales Decline in 2017
August 3, 2017 at 11:16 am

2017 has been a tough year for retail, to say the least. CNBC reports more than 5,400 retail store closures have been announced this year so far, up 165 percent from 2016, with 10 major retailers filing for bankruptcy. In a new report from retail recruiting and organizational consulting firm Korn Ferry, 73 percent of larger…

Avon CEO Sheri McCoy to Step Down
August 3, 2017 at 9:32 am

Avon Products Inc. announced that Sheri McCoy, CEO of the U.S. cosmetics company, will step down. McCoy's exit caps a turbulent five years for the company, which shrunk to half its size after selling most of its U.S. business, was hit by a bribery scandal in China, and has seen its stock lose about 85 percent…

Can Multigenerations Coexist in the Workplace? Part 3
August 2, 2017 at 3:39 pm

Below is part three of a three-part series that Total Retail Executive has published over the past three weeks. Here are parts one and two to get you caught up. Blending in the Workplace Can the 50-plus generation and millennials coexist in the workplace? Absolutely. And as argued in part two of this series, companies benefit from…

Etsy Hires Mike Fisher as Chief Technology Officer
August 2, 2017 at 12:07 pm

Etsy has appointed Mike Fisher as its chief technology officer, effective immediately. As CTO, Fisher will be responsible for evolving the company’s technology strategy, scaling its IT systems and infrastructure, deepening machine learning expertise, and driving execution on a road map to help create the world's “best buying and selling experience.” Fisher has more than 20 years…

Ascena Retail Group Restructures Leadership
August 2, 2017 at 11:59 am

Ascena Retail Group has consolidated its executive leadership structure as part of efforts to reinvigorate top-line growth, enhance its culture of performance and accountability, and sharpen its focus on the creation of sustainable shareholder value, the company announced in a press release. Gary Muto has been appointed to the newly created position of president and CEO…