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RadioShack Receives Lifeline From Kensington Capital Holdings
July 21, 2017 at 10:04 am

RadioShack isn’t down for the count just yet — the company’s intellectual property is set to be purchased by Kensington Capital Holdings, a family investment office located just outside of Boston, for $15 million. RadioShack already owed Kensington Capital $23 million from a loan two years back when the investment firm partnered with RadioShack and…

FTC Probing Amazon for Deceptive Pricing After Whole Foods Deal
July 21, 2017 at 9:51 am

As part of the Federal Trade Commission’s review of Amazon’s recent purchase of Whole Foods, it is looking into allegations that Amazon misleads customers about its pricing discounts, a source told Reuters on Thursday. The FTC is probing a complaint brought by the advocacy group Consumer Watchdog, which looked at some 1,000 products on Amazon's…

E-Commerce in Emerging Markets: What’s Needed for Payments and Fraud Prevention
July 20, 2017 at 9:48 am

It's estimated that cross-border online B-to-C sales will more than double in the next five years. With over 90 percent of the global population under 30 years of age living in emerging markets, and e-commerce in these economies growing twice as fast as in most developed markets, U.S. retailers would be remiss if they didn’t…

Jabra Goes Direct-to-Consumer in 50-Plus Markets
July 20, 2017 at 9:18 am

This year has been a tough one for the retail industry. Retail bankruptcies and store closings are on a record pace, and a number of companies (Wet Seal, The Limited, hhgregg) have gone out of business altogether. The role of traditional brick-and-mortar retail is changing drastically. To keep up with new digital-first consumers, brands need…

Can Multigenerations Coexist in the Workplace? Part 1
July 19, 2017 at 3:44 pm

Below is part one of a three-part series that Total Retail Executive will be publishing over the next three weeks.  Within the last two years, there has been a proliferation of analysis about millennials and what motivates them, how they perform in the workplace and what their impact is on workforce culture. This always includes…

‘As Retail Goes, So Goes America,’ VP Pence Tells Retailers
July 19, 2017 at 3:15 pm

Vice President Mike Pence told a crowd of retail leaders in Washington, D.C. on Tuesday that the best days for American retailers are ahead, according to a National Retail Federation (NRF) report. “I want to assure you that our president knows as retail goes, so goes America,” Pence told the audience of retailers at the…

NRF Appoints Terry Lundgren as Chairman of the Board
July 19, 2017 at 12:37 pm

The National Retail Federation (NRF) announced today that Macy’s Executive Chairman Terry Lundgren has been elected chairman of the NRF board of directors. Lundgren replaces former HSNi CEO Mindy Grossman, who resigned from the board after leaving retail to head Weight Watchers. In addition, four new members…

Starbucks Names ‘Chief Partner Officer’ Amid Understaffing Allegations
July 19, 2017 at 12:15 pm

Starbucks has tapped Lucy Helm, an 18-year veteran with the company, for the role of chief partner officer. Helm had been serving in the role on an interim basis before the announcement. Starbucks refers to its employees as “partners,” and its partners haven't been happy with staffing at store…

Amidst Controversy, Signet Jewelers Names New CEO
July 18, 2017 at 10:41 am

Signet Jewelers, Ltd., the world’s largest retailer of diamond jewelry, has named Virginia “Gina” C. Drosos as its new CEO, effective August 1. She will replace Mark Light, who served as CEO since October 2014. Light, who has been an executive at Signet for more than 35 years, is retiring due to “health reasons,” according to…

Amazon's Whole Foods Deal Sparks Antitrust Scrutiny
July 18, 2017 at 9:55 am

Amazon.com’s expansion plans, including its agreement to buy Whole Foods Market Inc. for $13.7 billion, are raising hackles in Washington — and Wall Street is taking notice. A U.S. lawmaker has called for hearings on the proposed deal to consider its ramifications for shoppers and workers. Hedge-fund manager Doug Kass has taken a short position on the fast-growing…

Alfred Angelo’s Bankruptcy Leaves Customers Panicked
July 17, 2017 at 12:36 pm

Alfred Angelo, one of the nation's largest bridal apparel and accessories retailer, shuttered operations and filed for chapter 7 bankruptcy protection on Friday. MarketWatch reports the Florida-based retailer closed doors to some stores without fulfilling all orders, leaving many brides-to-be scrambling over the weekend to reclaim deposits or scrape up more money to find another gown.…

True Value Considers Sale
July 17, 2017 at 12:09 pm

True Value Co. is considering a sale that could net the home improvement chain about $800 million, according to a recent report by Bloomberg. The company is reportedly working with an investment bank to examine strategic options, including a sale. The process is expected to attract private equity firms. No final decision has been made…

Tiffany & Co. Hires New CEO
July 13, 2017 at 10:43 am

Tiffany and Co. announced this morning that it has named Alessandro Bogliolo as its next CEO and newest board member. Bogliolo will start Oct. 2. For the past four years, he served as CEO of Diesel SpA, a global apparel and accessories company. Bogliolo also worked at luxury jewelry retailer Bulgari as chief operating officer and executive…

lululemon is Suing Under Armour for Patent Infringement
July 13, 2017 at 10:10 am

Lululemon is suing competitor Under Armour over a sportswear design. The athletic wear company filed a lawsuit in Delaware against Under Armour for patent infringement relating to lululemon's Energy Bra. Currently, the lululemon design below retails at $52 dollars, while Under Armour's product, using a similar design, is selling for between $20 and $40. In a…

Hudson's Bay CFO to Stay With Company Until Replacement is Found
July 12, 2017 at 11:51 am

Hudson’s Bay Company’s Chief Financial Officer Paul Beesley is remaining with the company while it searches for his replacement. Beesley was set to exit HBC, which operates Hudson's Bay, Lord & Taylor, Saks Fifth Avenue and other chains, last week. Back in March, Hudson’s Bay was reportedly in talks to acquire luxury retailer Neiman Marcus Group,…

Barnes & Noble Appoints New VP of Stores
July 12, 2017 at 11:47 am

Barnes & Noble Inc. announced this week that Carl Hauch has been named vice president of stores, effective immediately. In his new role, Hauch will be responsible for the entire retail store organization and profitable growth of the business, driving sales, training, developing talent and recruitment. “I'm excited about Carl’s addition to our management team,”…

Dick's Sporting Goods Names New CMO
July 12, 2017 at 11:43 am

Dick’s Sporting Goods has named Scott Hudler as chief marketing officer, replacing Lauren Hobart after she became the company’s president two months ago. Hudler spent more than 10 years in marketing at Dunkin’ Brands. He began in brand marketing and eventually moved into the senior vice president, chief digital officer role last year. Hudler previously…

Art.com Grows Leadership Team
July 12, 2017 at 11:40 am

Art.com, an online destination for wall art and home décor, has hired Christine Fernandez as its chief experience officer, and Quintin Mikell as senior vice president of operations, bringing the company's total number of senior-level hires to seven in the past nine months. In her new role, Fernandez will lead the design and product management teams and oversee Art.com's…

Gymboree to Close 350 Stores in Bankruptcy Restructuring
July 12, 2017 at 9:59 am

Gymboree Corp. plans to close 350 stores as it restructures in bankruptcy, the company said earlier this week. Store closing sales are scheduled to begin on July 18, and most of the stores targeted for closure are Gymboree and Crazy 8 locations. The children’s apparel retailer will have more than 900 locations after the 350…

Rent-A-Center Mulls Acquisition Offer
July 11, 2017 at 10:29 am

Vintage Capital has offered to buy Rent-A-Center Inc for around $800 million, according to a letter seen by Reuters, in a move that would add another rent-to-own company to the private equity firm's portfolio. Rent-A-Center, based in Plano, Texas, rents out furniture and electronics and also allows customers the ability to own the products through a lease…