Management
June 28, 2017 at 3:09 pm
Under Armour said this week that it has named Patrik Frisk as its new chief operating officer, effective July 10. Under Armour founder Kevin Plank will remain chairman and CEO, but relinquish the title of president to Frisk. Frisk has a deep understanding of the footwear…
June 28, 2017 at 2:54 pm
Kohl’s has appointed Bruce Besanko to the position of chief financial officer, reporting directly to Kohl’s Chairman, CEO and President Kevin Mansell. Besanko will officially join Kohl’s on July 10, and will be responsible for overseeing the company’s financial planning and analysis, investor relations, financial reporting, accounting operations, tax, treasury, non-merchandise purchasing, and credit and…
June 27, 2017 at 11:31 am
In an earnings call with Wall Street analysts, Bed Bath & Beyond’s CEO Steven Temares suggested that reducing its brick-and-mortar store count may be in the retailer's future. Temares cited roughly 80 to 100 store leases that will be coming up for renewal in the near future as potential targets for closure. Bed Bath & Beyond has struggled with…
June 21, 2017 at 1:01 pm
Stitch Fix, the fast-growing online retailer that ships personalized fashion assortments to customers’ doors, has hired a new chief financial officer. Paul Yee was most recently the global CFO at People Against Dirty, the parent company of household product brand Method. At Stitch Fix, Yee is joining a company that appears to be on a…
June 21, 2017 at 12:51 pm
Kellogg Company recently announced the election of Carter Cast to its board of directors. As Kellogg continues to grow its presence online, Cast brings extensive experience in the digital arena. He previously helped build and then lead Walmart.com as its CEO. Cast also was the CEO of online retail company Hayneedle, Inc.; led the launch of the…
June 21, 2017 at 10:30 am
Throughout the 80s and 90s, pop-star Madonna was the undisputed master of continually reinventing herself. To the passive observer, her ability to adapt and change just ahead of her popularity waning likely seemed lucky and unchoreographed. However, if analyzed, it's amazing to observe how just as one trend was hitting the downside of the bell…
June 21, 2017 at 10:11 am
Lisa Gavales, chairman, CEO and president of Things Remembered, has resigned. Gavales had been with the personalized gifts retailer since November 2014. There was no reason given for her departure, however, lead director Michael Appel said in a press release that Things Remembered was "very appreciative of the progress…
June 19, 2017 at 12:21 pm
Nike said last week it will cut about 1,400 jobs, or 2 percent of its workforce worldwide as part of a new strategy to sell products more directly to customers. The Beaverton, Ore.-based company, which has 70,700 employees worldwide, including retail and part-time employees, also plans to reduce its number of product lines by 25…
June 19, 2017 at 12:03 pm
Fast-growing online mattress retailer Casper is set to announce today that it has raised $170 million and is planning an initial public offering at some point in the future, according to the The New York Times. The report said Casper's $170 million funding was led by Target, which earlier this year began selling Casper mattresses, pillows…
June 15, 2017 at 12:41 pm
Neiman Marcus announced it has terminated any talks of a potential sale, after three months of looking for alternatives. CNBC reports this is after it was recently announced Saks’ owner, Hudson's Bay Co., was rumored to be interested in buying Neiman Marcus. "While looking ahead, we know challenges remain, but we're encouraged by the strategies…
