Management
March 6, 2017 at 11:34 am
Liquidator Gordon Brothers Group announced last week that it has won the auction for the intellectual property of the Wet Seal LLC with a bid of $3 million, besting the $1.5 million initial offer from Canadian retailer YM Inc., people familiar with the matter said. Wet Seal filed for bankruptcy last month with a plan…
March 6, 2017 at 10:49 am
Hudson's Bay Company, owner of Lord & Taylor and Saks Fifth Avenue, has yet to line up the money to mount a serious takeover bid for Macy's, reports say. In February, the Canada-based company was reportedly in talks to acquire Macy's, the largest department store chain in the U.S. A much smaller company and more deeply…
March 6, 2017 at 10:21 am
CVS Health has appointed veteran executive Jonathan C. Roberts to the new position of executive vice president and chief operating officer. As COO, Roberts will have responsibility for consolidating operational oversight across CVS Health's unique suite of assets in order to achieve maximum efficiency, optimize investment of key resources, and, most importantly, deliver differentiated products and services…
March 6, 2017 at 10:15 am
Walgreens Boots Alliance has promoted Steve Turner to chief information officer, effective April 1. Turner, who joined the company in 2009, most recently worked as vice president of service delivery and infrastructure, where he oversaw Walgreens’ foray into Hadoop data analytics as well as the company’s data centers, databases, telecom, data networks and office automation…
March 6, 2017 at 10:03 am
Stop & Shop recently revealed plans to consolidate two of its divisions — the Stop & Shop New England and Metro New York divisions are combining as a single organization. Under this brand will be Fresh Formats LLC/bfresh and the supermarket chain has appointed Dean Wilkinson to lead that division. Wilkinson began his retail career of…
March 6, 2017 at 9:56 am
Popeyes Louisiana Kitchen Inc. CEO Cheryl Bachelder will step aside when the fried chicken chain is sold to Restaurant Brands International Inc. for $1.8 billion. Bachelder is one of metro Atlanta’s few female CEOs. Bachelder joined Popeyes in 2006 as a member of the company's board of directors. In November 2007, she was named CEO and is credited with heading a…
March 3, 2017 at 12:14 pm
The Home Depot announced today that it would add more than 80,000 temporary positions in stores and distribution centers around the nation for its spring selling season. This is roughly the same number of seasonal hires the company made last year. Jobs are available in customer service and sales, lot associates, freight and receiving, store…
March 3, 2017 at 12:09 pm
Abercrombie & Fitch said this week that it would close 60 more U.S. stores this fiscal year as it searches for ways to increase productivity amid ongoing sales declines, including in the holiday quarter. The closures follow the shuttering of 53 U.S. shops last year. In addition, half of the company's 700-plus U.S. leases are…
March 3, 2017 at 10:10 am
Costco announced on Thursday that it plans to increase its membership fees after reporting second quarter earnings that, despite increasing $1.7 billion from a year ago, didn't meet Wall Street expectations. The company said that that effective June 1, the price of entry into its U.S. and Canada stores will be $60 for individual and…
March 1, 2017 at 2:43 pm
In the Winter 2017 issue of Total Retail, we asked our editorial advisory board what they consider to be the key priority for them to grow their businesses this year. Here are some of their answers:
