Management
April 7, 2017 at 11:40 am
While Nordstrom dealt with declining sales and staff layoffs in 2016, the company's co-presidents and brothers — Erik, Peter and Blake Nordstrom — enjoyed hefty raises. The Seattle Times reports the three co-presidents saw their compensation more than double last year, each earning more than $5.8 million in 2016. Total Retail’s Take: It's hard to justify…
April 6, 2017 at 5:13 pm
While Nordstrom dealt with declining sales and staff layoffs in 2016, the company’s co-presidents and brothers — Erik, Peter and Blake Nordstrom — enjoyed hefty raises. The Seattle Times reports the three co-presidents saw their compensation more than double last year, each earning more than $5.8 million in 2016. Total Retail’s Take: It’s hard to justify […]
April 6, 2017 at 12:14 pm
Wal-Mart is eliminating around 300 jobs in its information systems division (ISD). Talk Business reports the retailer is laying off about 10 percent of its ISD workforce over the next few days. Wal-Mart announced in January its plan to try and manage costs and investments "with discipline." Impacted employees will stay on payroll for 60 days…
April 5, 2017 at 4:56 pm
"At the end of the day, especially in retail, you’ve got humans serving humans. And really, the more engaged and happier associates are, the happier our guests are. It’s not complicated."
April 5, 2017 at 3:10 pm
Save-A-Lot, a discount grocery store retailer, announced that it has appointed Kenneth McGrath as its CEO, effective April 21. McGrath is an experienced leader in the discount grocery industry. He spent 13 years with Lidl in executive roles including CEO of Lidl Ireland from 2009 to 2013, and CEO of Lidl USA from 2013 to…
April 5, 2017 at 1:56 pm
Aerosoles Group announced this week that current CEO and President R. Shawn Neville will assume the role of executive chairman of the board, effective immediately. Stepping into the role of president and CEO will be Denise Incandela, former president of Ralph Lauren Global Digital and CIEM. Denise has also been appointed to Aerosoles' board of directors. Incandela led Ralph…
April 4, 2017 at 11:27 am
Last week, Amazon.com announced that it's shutting down its Quidsi subsidiary because it isn’t able to turn a profit. However, some employees believe there are alternative reasons for Quidsi's closure. In a meeting in late 2016, Amazon and Quidsi execs told employees they were confident that Quidsi would turn a profit and generate significant cash…
April 4, 2017 at 11:20 am
After 26 years with J.Crew, Jenna Lyons is exiting the company. Lyons was most recently the brand’s creative director — and a cultural icon in her own right. Her statement eyewear, oversized suiting and sequin pieces have been copied by fashion-savvy consumers all over the world. Current J.Crew Women’s Head of Design Somsack Sikhounmuong will…
April 4, 2017 at 11:14 am
Pier 1 Imports announced this week that Alasdair James will be taking over as president and CEO. Last year, Pier 1 ousted former CEO Alex Smith. James comes from Kmart, where he was president since 2014. Prior to Kmart, James had been an executive at Tesco PLC, a British multinational grocery retailer, since 2007 after…
March 31, 2017 at 1:25 pm
Fast-fashion giant H&M is launching a new retail brand called Arket. The retailer will be a “modern-day market that will offer essential products for men, women, children and home,” according to the company. It will sell Arket’s own products alongside a selection of products from non-H&M brands. Arket product will be priced slightly higher than that of…
