Management

Vera Bradley Shakes Up Leadership, Fully Acquires Pura Vida for $10M
January 31, 2023 at 6:30 pm

Vera Bradley last week announced a new streamlined corporate structure and full acquisition of bracelet brand Pura Vida. As a part of the reorganization, the company has eliminated the positions of Vera Bradley Brand President Daren Hull, Chief Creative Officer Beatrice Mac Cabe, and Chief Revenue Officer Mary Beth Trypus. Pura Vida Co-Presidents Griffin Thall and…

Bed Bath & Beyond to Shutter All Harmon Stores
January 30, 2023 at 7:00 pm

Bed Bath & Beyond Inc. said Friday it was closing an additional 87 of its flagship stores and its entire Harmon chain of drugstores, as the retailer struggles to find financial support to keep its operations funded. The news, first reported by The Wall Street Journal, also said the company is  closing five of its…

Foot Locker Cuts Corporate Staff, Closing Sidestep Banner
January 26, 2023 at 5:34 pm

Foot Locker is making cuts to its staff and store fleet as it looks to trim costs under new leadership. The footwear retailer on Thursday announced that it would eliminate an undisclosed number of “corporate and support roles,” which the company expects to account for about $18 million in cost savings on an annualized basis starting…

Emotional Connections Help Movado Group Sell More Watches
January 18, 2023 at 7:14 pm

In a world where consumers have their phones with them seemingly at all times, which of course show the time of day, one would think that there would be little need to wear a watch. However, that line of thinking discounts the emotional connection that consumers have to certain products, notably jewelry and watches. That…

Ideal Image, Rite Aid, Cotopaxi Name New CEOs
January 9, 2023 at 8:37 pm

The new year is bringing with it a retail CEO shuffle. Since the start of 2023, several CEOs in the retail space have either left their positions, with some announcing new positions elsewhere. Ideal Image, a leading aesthetics brand, announced that Sharon M. Leite is its new CEO. Leite, the former CEO of The Vitamin…

Stitch Fix Announces Layoffs Amid CEO Shakeup
January 5, 2023 at 5:44 pm

Stitch Fix founder Katrina Lake on Thursday told employees the company will be cutting 20 percent of its salaried workforce and she will reassume her post as CEO as the fledgling apparel company continues to grapple with low sales, a dwindling customer base, and a reduced market cap. The brand’s current CEO, Elizabeth Spaulding, who joined the…

Victoria's Secret's Brand Chief Resigns After Less Than a Year in Role
January 4, 2023 at 3:47 pm

Victoria’s Secret on Tuesday announced Brand Chief Amy Hauk has resigned less than a year in the role, reports CNN Business. Hauk served as Pink CEO since 2018 and took leadership of brand across the organization when the company merged its Victoria’s Secret and Pink lingerie operations and beauty business last July. Her resignation is effective March 31,…

Total Retail Releases its Top 50 Tips of 2022 Report
December 22, 2022 at 3:27 pm

The retail industry has been forced to confront several external challenges in 2022, including but not limited to labor shortages, supply chain disruption, rising inflation, and geo-political turmoil. These challenges have made profitable growth elusive for many organizations, particularly legacy brick-and-mortar chains. However, times of transformation and disruption such as today present an opportunity for…

Top 50 Tips of 2022
December 21, 2022

Insights that will help your business maximize sales and profits

How Retailers and CPG Companies Can Prepare for 2023
December 20, 2022 at 8:51 pm

Consumer spending accounts for nearly 70 percent of U.S. economic activity. In the first half of 2022, shoppers buoyed the economy — or at least kept it from falling deeply into recession. However, they’re starting to feel the pinch from inflation and rising interest rates. The supply chain was more stable in 2022, but retailers…