Management

"Preparing the company for this day and age is something we've been working on for the last dozen years. The challenge for us internally, as well as externally, is to be able to demonstrate to the world that what we've built is something that can stand up against the best competition that's out there."

Chief marketing officers (CMOs) are gaining influence in their organizations, with 90 percent saying they're on their company’s executive committees and 70 percent indicating they report directly to the CEO, according to the results of a recent survey from Korn Ferry. “Marketing is no longer seen as a support function,” said Caren Fleit, senior client partner…

In a rare interview, Sears CEO Eddie Lampert said that the struggling retailer was "fighting like hell" to stay afloat, but unfair media coverage was making it difficult for the company to turn business around. "I feel like we're ahead of J.C. Penney, we're ahead of Macy's, we're ahead of Target, in some aspects of…

Staples announced this week that Brett Wahlin has been appointed to the role of chief information security officer (CISO). In this new role, Wahlin will be responsible for global enterprisewide information, product and data security, and will be key in the digital transformation of Staples’ business. Wahlin’s responsibilities expand beyond traditional cyber security into product development, connected devices,…

Paula Schneider has resigned as CEO of Los Angeles–based DG Premium Brands, parent company of clothing labels 7 For All Mankind, Splendid and Ella Moss. Schneider was on the job just seven months following her departure from American Apparel last year. “We can confirm Paula Schneider’s decision to leave her position as chief executive officer of DG Premium…

Bon-Ton Stores Inc. said Monday that CEO Kathryn Bufano, brought in less than three years ago, would step down in August and be succeeded by the company's COO, William Tracy. Bon-Ton officials say Bufano will remain as CEO through the transition period "to ensure an orderly and effective leadership transition." Tracy will be the company’s…

Costco has been named America’s “Best Large Employer” in 2017 by Forbes and Statista. Thirty thousand workers at U.S. companies, nonprofit institutions, government agencies and U.S. divisions of multinationals answered this question: How likely would you be to recommend your employer to a friend or family member on a scale of zero to 10? They were also asked…

The retail industry announced 11,669 job cuts in April, the highest total among all industries, bringing the year-to-date total to 50,133. That's up 36 percent from the 36,977 retail sector job cuts announced in the first four months of 2016. The retailers responsible for the most job cuts this year include Macy's (10,000), J.C. Penney…

Crate and Barrel has found a new CEO. The home decor retailer has named Neela Montgomery, executive board member at Crate and Barrel's parent company, the Otto Group, CEO effective August 1. The Chicago Tribune reports Montgomery has served on boards for the Otto Group since 2014 and previously spent 12 years at Tesco, the third…

It was announced this week that Gymboree is looking to close a sizable percentage of its stores as part of restructuring under bankruptcy court protection. MarketWatch reports the children's clothing retailer has reached out to firms known for liquidating companies’ inventories and other assets to help with the closure of up to 350 stores. Discussions around…