Management

Have you ever wondered whether how old you are affects your salary as a retail professional? Well, according to Total Retail’s first annual Salary Benchmark Report, it certainly does. The report, which was produced after compiling 660 responses to questions around job compensation from Total Retail's audience last June, found that, on average, the older…

Gander Mountain Co. is preparing to file for bankruptcy as early as this month, according to a report by Reuters. An aggressive effort by the hunting and fishing retail chain to expand its store base failed to pull in new customers, according to people familiar with the matter. Gander Mountain wanted to address some of its…

Women’s fashion retailer J.Jill filed for an initial public offering (IPO) Friday, seeking to raise $100 million in the offering, but noting that the figure is a placeholder and could change. This isn't the first time J.Jill has filed for an IPO; the company went public under a different name in the 1990s, rapidly expanding…

Whole Foods Market said last week it's closing select stores after posting its sixth straight quarter of same-store sales declines. The company will be closing nine stores and its last two remaining commissary kitchens in the current quarter. It also terminated two leases. Reportedly, the majority of the stores slated for closure were smaller, older acquisitions and…

The Honest Company, co-founded by actress Jessica Alba, is overhauling its management team in a shake-up that could result in a CEO change, sources told Recode. The company’s board of directors has been in talks with top executives from other consumer packaged goods companies to discuss roles on its management team and board. Some of those…

L.L.Bean is reconsidering its generous shipping and return policies in a move to cut costs. L.L.Bean currently offers free shipping on everything, and its "satisfaction" guarantee is so liberal that it's led to abuse of the return policy. Company officials said they will have more to say later this year about shipping and efforts to…

Add Under Armour to the growing list of brands receiving backlash for public support of President Donald Trump. The company’s CEO Kevin Plank said that Trump's presidency was a “real asset” for Americans in an interview with CNBC’s “Fast Money Halftime Report” on Tuesday. “He wants to build things," Plank said. "He wants to make…

This week’s coverage of Total Retail’s first annual Salary Benchmark Report provides insight into how fairly retail executives — CEOs/presidents/founders; chief marketing officers; C-level execs other than CEOs and CMOs; and vice presidents — feel they're being compensated by their employers. This encompasses base salary, financial perks (e.g., stock options, profit sharing) and benefits (e.g., health insurance,…

Abercrombie & Fitch's turnaround efforts will continue with a new chief marketing officer. The teen apparel retailer has appointed Will A. Smith as its new CMO. Smith is an experienced retail executive, having most recently served as the CMO of Caleres, formerly known as the Brown Shoe Company. Reports say Smith will be responsible for all…

Managing with a long-term view of your company in mind is the way to go, according to new research from McKinsey Global Institute in cooperation with FCLT Global. This study found that companies that operate with a true long-term mind-set have consistently outperformed industry peers since 2001 across almost every financial measure that matters, from revenue…