Management

Toys"R"Us Seeks OK for $16M in Executive Bonus Pay
November 16, 2017 at 1:12 pm

Toys”R”Us is seeking approval to pay 17 of its senior executives $16 million in incentive bonuses. Those bonuses could exceed the estimated amount if toys sales are better than expected during the holiday season. The bankrupt retailer is arguing the incentives for the senior-level executives are necessary in order to retain top-level talent through its…

Mickey Drexler, Former CEO, J.Crew
November 15, 2017 at 11:12 pm

"Things have been miserable in retail. The last two [years] or three years have not been fun whatsoever."

Skechers Names New CFO
November 15, 2017 at 9:38 pm

Skechers USA said Wednesday it has hired John Vandemore to be its chief financial officer, effective within the next few weeks. Vandemore, who recently served as CFO of Mattel Inc., will assume the role from David Weinberg, who assumed the CFO role in 2009 in addition to being chief operating officer since 2006. Vandemore will…

How to Create a Genuine Workplace Culture
November 15, 2017 at 3:58 pm

Turnover is an ever-lingering threat to the retail industry. According to data from the Bureau of Labor Statistics’ Job Openings and Labor Turnover program, the turnover rate in 2017 is already on a pace for a 10 percent increase over the average annual rate of the past decade. Despite the troubling trend, it’s possible to…

GameStop Names Interim CEO While Paul Raines Recovers From Illness
November 15, 2017 at 12:48 pm

GameStop has appointed an interim CEO, the company announced yesterday. CEO Paul Raines has had "a medical reoccurrence." The Dallas Morning News reports the board of the video game retailer appointed Daniel DeMatteo, GameStop's executive chairman, to be interim CEO. DeMatteo, one of GameStop's co-founders, will continue to serve as executive chairman and director, the…

Teen Fashion Retailer Styles for Less Files for Bankruptcy
November 9, 2017 at 10:15 am

Styles for Less filed for bankruptcy protection this week, the latest in a string of retailers to file following declining sales. Reuters reports the teen fashion retailer listed assets and liabilities between $10 million and $50 million in its filing in the U.S. Bankruptcy Court, Central District of California on Monday. Styles for Less, which…

REI Hires Retail Veteran as its New CIO
November 8, 2017 at 6:05 pm

REI has appointed retail veteran Christine Putur as the company’s new chief information officer. GeekWire reports Putur started in her new role this past week. Putur has a rich history in the retail industry. Before she was named CIO of REI, she spent four years as the CIO and executive vice president for high-end fashion brand…

The Importance of Purpose: Value and Volunteerism in the Modern Workplace, Part 2
November 8, 2017 at 6:03 pm

It's not always a foregone conclusion that those who wish to give their time and energy to a cause can find an opportunity to do so. We've recently offered our time to the academic world as “volunteers” to share our corporate experiences with college students, but haven't been able to “sell” the concept with any consistent results. We believe that most colleges are lacking in the ability to prepare students for the true challenges of the business world, and those who have spent the last 20 years or 30 years successfully managing the shifting sands of the work world offer perspective and experience.

FULLBEAUTY Brands Names Emilie Arel as New CEO
November 8, 2017 at 3:48 pm

FULLBEAUTY Brands Inc. has named Emilie Arel the company's new CEO. Arel will join the fashion brand in the next few weeks. Arel brings years of retail experience, having previously served as the CEO of the Amazon.com, Inc. subsidiary Quidsi Inc., a retail technology company with a portfolio of six different e-commerce sites. Before Quidsi, Arel…

Under Armour CMO, Andrew Donkin, Leaves the Company
November 8, 2017 at 3:28 pm

Under Armour's chief marketing officer, Andrew Donkin, has exited the company. Ad Age reports the exit comes at a time of flux for the athletic wear brand, especially since sales have been struggling recently. Just last week Under Armour reported its first quarterly revenue decline since it went public in 2005. Donkin joined Under Armour 15…