Management

Lululemon CEO Resigns Over Conduct Issue
February 6, 2018 at 1:04 pm

Lululemon Athletica Inc. announced Monday that Laurent Potdevin has resigned as CEO effective immediately, saying he fell short of the company’s standards of conduct. The Vancouver-based maker of yoga pants and other athletic-inspired clothing didn’t offer specifics but said it expects all employees to “exemplify the highest level of integrity and respect for one another.” A…

Hudson's Bay Names CVS Health Veteran its New CEO
February 6, 2018 at 12:50 pm

Hudson's Bay on Monday named veteran CVS Health executive Helena Foulkes as its chief executive officer, replacing Richard Baker, who has been heading the company on an interim basis. Foulkes, who has been with the pharmacy benefits manager for more than 25 years, was most recently executive vice president of CVS Health and president of CVS…

Bon-Ton Files for Bankruptcy Protection
February 5, 2018 at 11:51 am

Bon-Ton Stores said yesterday that it has filed for Chapter 11 bankruptcy protection. The regional department store chain, which has dual headquarters in Milwaukee and York, Pa., is currently engaged in discussions with potential investors and debt holders regarding a financial restructuring plan, which may include a sale of the company or assets. Bon-Ton has  received a commitment…

Lowe's to Give Up to $1,000 Bonuses to Hourly Employees
February 2, 2018 at 10:55 am

Lowe's announced Thursday plans to enhance benefits, including expanding maternity and parental leave. The company will also offer a one-time bonus up to $1,000 for more than 260,000 hourly employees. Lowe's will award the one-time cash bonus to eligible full- and part-time hourly employees across all its U.S. facilities, including stores, customer support centers, contact centers and…

Retail Right Now: What Corporate Tax Reform Means for Retailers
February 2, 2018 at 10:14 am

In this episode of Retail Right Now, Total Retail's Executive Editor Joe Keenan and Senior Editor Caitlin Sullivan discuss what corporate tax reform could mean for the retail industry, including the actions already taken by some leading brands — Walmart, Home Depot, Apple, Starbucks — to invest these savings into their employees as well as…

Wal-Mart Sued Over Policy of Locking Up Specific Beauty Products
February 1, 2018 at 12:44 pm

A woman in California has filed a lawsuit against Wal-Mart over claims the company keeps products primarily used by African-Americans inside a locked glass case. Essie Grundy told reporters in Los Angeles on Friday that she felt humiliated and discriminated against when on three occasions this month she had to ask a store employee at…

Sears Lays Off 220 Employees at its Corporate Headquarters
February 1, 2018 at 11:29 am

Sears Holdings, parent company of Sears and Kmart, has laid off 220 employees primarily at the company's corporate headquarters in Hoffman Estates, Ill., effective immediately. The job cuts impacted various business units and roles across the retail organization, a spokesman told CNBC. The moves are part of the department store chain's ongoing restructuring plan, announced earlier this month,…

Ikea Founder Ingvar Kamprad Dies at 91
January 29, 2018 at 12:12 pm

Billionaire Ikea founder Ingvar Kamprad, who turned a business he launched as a teenager into one of the world’s best-known furniture brands, has died at the age of 91, the Swedish company said on Sunday. Born on March 30, 1926, in southern Sweden, Kamprad started off selling matches to neighbors at the age of five…

Staples Replacing CEO Shira Goodman With Former Coca-Cola Exec
January 29, 2018 at 11:57 am

Staples announced Friday that it's replacing Shira Goodman, its current chief executive officer, with J. Alexander (Sandy) Douglas, who most recently was president of Coca-Cola North America. The move takes place less than a year after private equity firm Sycamore Partners acquired control of the office products retailer. At Coca-Cola, Douglas led the $10 billion revenue business,…

Jet.com President Departs 18 Months After Wal-Mart Acquistion
January 26, 2018 at 10:53 am

Liza Landsman, president of Jet.com and recent Total Retail Top Women in Retail 2018 honoree, is leaving the company just a year-and-a-half after she was promoted to her current role. Wal-Mart acquired Jet.com for $3 billion in 2016. Landsman joined Jet.com in March 2015 in the role of chief customer officer, where she oversaw the company’s…