Management
March 30, 2017 at 9:48 am
Amazon.com announced Wednesday that it's shuttering Quidsi, the company behind Diapers.com, because it was unprofitable. Amazon acquired Quidsi in late 2010 after it skyrocketed to popularity by shipping diapers and other household products mostly free of shipping costs. The acquisition cost Amazon $500 million. Quidsi was co-founded by Marc Lore, who stayed with Amazon three years…
March 29, 2017 at 6:14 pm
Danny Wegman, CEO of Wegmans Foods Markets, on Wednesday said he has appointed his daughter Colleen to succeed him at the helm of the family-run retailer. Danny Wegman has served as CEO since 2005, succeeding his father, Robert. Colleen Wegman joined Wegmans in 1991, and was named president in 2005 by the late Robert B. Wegman,…
March 29, 2017 at 5:03 pm
Shares of Sears Holdings jumped more than 9 percent on Monday after Chairman and CEO Edward Lampert bought more of the department store's shares. Lampert was already Sears’ largest shareholder, but bought 526,000 additional shares last week, according to a regulatory filing. Lampert's purchase came shortly after Sears acknowledged there was "substantial doubt" it will…
March 29, 2017 at 4:18 pm
Chico's FAS, a leading omnichannel specialty retailer of women's private branded clothing and accessories, was designated a 2020 Women on Boards Honor Roll company earlier this month for having 20 percent or more of its board seats held by women. Female directors hold 44 percent of Chico's board seats. What's more, 81 percent of Chico's executive committee is female. This is the…
March 29, 2017 at 4:08 pm
There are some leadership changes taking place within Williams-Sonoma’s Pottery Barn Brands. Sandra Stangl, president of the Pottery Barn brands, will resign from the company on March 31. “I'm so proud over the last two decades to have been a part of the Pottery Barn Brands’ mission to bring inspiration home," Stangl said in a company…
March 29, 2017 at 4:04 pm
Wal-Mart Stores Inc. this week announced that it promoted three officers within its U.S. technology and global platforms organization. Fiona Tan is now senior vice president leading the U.S. customer technology organization; Jaya Kolhatkar is now senior vice president leading the global data and analytics platform organization; and Jae Evans is now vice president leading…
March 29, 2017 at 10:49 am
Nordstrom is laying off 106 customer care specialist positions nationwide. These employees answer customer questions via phone, online chat or email. “We’ve made a number of investments across our business to make shopping easier and more convenient for our customers,” Nordstrom said in a statement. “One of the results of that has been a decrease in…
March 27, 2017 at 12:21 pm
GameStop is the latest retailer to announce that it will be closing stores this year. USA Today reports the video game retailer had a drop in fourth-quarter sales and announced plans to close at least 150 of its 7,500 stores worldwide. GameStop reported a 13.6 drop in global sales year-over-year. The company cites its recent…
March 24, 2017 at 11:27 am
Actress-turned-entrepreneur Gwyneth Paltrow has been named the CEO of her growing lifestyle brand Goop. In a meeting with a small group of employees last Monday in the firm’s Santa Monica office, Paltrow reportedly discussed her new position when it was printed on a mockup of a Goop newsletter, according to an article in The New Yorker…
March 22, 2017 at 4:01 pm
Costco Wholesale announced this week that Kenneth Denman will be the newest addition to its board of directors. Denman was most recently CEO of Emotient, which built an artificial intelligence-based platform for measuring facial expressions to predict emotions. Although online only makes up 4 percent of Costco’s overall sales, the wholesale retailer has been working…
