Search Results

Terms
Category
Kind
Author
 
Sort
American Eagle Outfitters Works on Bid for Abercrombie & Fitch
May 26, 2017 at 10:09 am

American Eagle Outfitters is working with private equity firm Cerberus Capital Management on a bid for Abercrombie & Fitch, sources familiar with the matter have told The Wall Street Journal. This news comes after Abercrombie confirmed to CNBC earlier this month that it was in preliminary discussions with several interested buyers. At the time, apparel retailer…

Target's Brian Cornell Testifies Against BAT
May 26, 2017 at 9:40 am

On Tuesday, Brian Cornell, CEO of Target, testified against what has been dubbed the border adjustment tax (BAT) to the House tax-writing committee, as many large retailers are leery of a tax on the thousands of products they import from foreign markets. The proposed 20 percent tax on imported goods has been touted as a…

Lowe's Grows Net Sales 10% With Acquisition, Tech Investments
May 25, 2017 at 10:15 am

Total Retail recently released its seventh annual ranking of the 100 fastest-growing publicly traded retailers. This year’s list, as in years past, is based on companies’ year-over-year net sales growth, comparing the 2016 fiscal year to the 2015 fiscal year. Home improvement retailer Lowe’s capitalized on a strong housing market to attract and convert more first-time…

Wal-Mart Announces Guaranteed Pay for Military Workers
May 25, 2017 at 10:09 am

Wal-Mart wants to make sure its employees who take time off to serve in the military never have to take a pay cut. The company on Tuesday announced a new pay policy for all full-time and part-time workers who leave for voluntary or involuntary military assignments. Wal-Mart's pledge is to cover the difference in pay…

Who Are Retail's Most Likeable CEOs?
May 24, 2017 at 1:40 pm

If you’re looking for a new senior-level job in the retail industry, you might want to reach out to Wooden Street, India’s first custom online furniture store, or Shaw Floors, a full-service flooring company with more than $4 billion in sales and 25,000 employees. Why? Because employees at these companies have the most likeable CEOs, according to…

Jesper Brodin Promoted to CEO at Ikea
May 24, 2017 at 1:28 pm

Ikea Group has named Jesper Brodin CEO after Peter Agnefjall decided to step down recently. Brodin is currently responsible for the Swedish furniture retailer’s product range and supply chain. He started at Ikea in 1995, and has worked in purchasing, product range development, logistics and group management. Ikea Chairman Lars-Johan Jarnheimer told Bloomberg that the…

Gymboree Names New President and CEO
May 24, 2017 at 12:58 pm

The Gymboree Corporation announced this week the appointment of Daniel Griesemer as the company's new president and CEO. Griesemer joins Gymboree after a successful five-year tenure leading Tillys, an action sports-inspired teen and young adult apparel retailer where he also served as president and CEO. Griesemer assumes his responsibilities from Interim CEO Mark Weikel, who will continue his…

Target to Pay $18.5 Million Data Breach Settlement
May 24, 2017 at 10:24 am

Target Corp. will pay 47 states and the District of Columbia a total of $18.5 million as part of a settlement over its 2013 data breach. The breach compromised tens of millions of customers’ credit and debit cards, and led to the resignation of longtime CEO Gregg Steinhafel. As part of the settlement, Target will…

J.C. Penney Hires CMO With Home Improvement Background
May 24, 2017 at 10:19 am

J.C. Penney announced yesterday that Marci Grebstein is joining the company as chief marketing officer. Grebstein will be executive vice president and CMO after spending the last two years at Lowe’s. At Lowe's, Grebstein was chief marketing officer, and she has held several advertising and marketing positions. Her previous experience includes executive positions with Food Lion…

Wayfair Named ‘Fastest-Growing Retailer’
May 23, 2017 at 9:41 am

Total Retail recently released its seventh annual ranking of the 100 fastest-growing publicly traded retailers. This year’s list, as in years past, is based on companies’ year-over-year net sales growth, comparing the 2016 fiscal year to the 2015 fiscal year. A relative newcomer to the industry tops the list of fastest-growing retailers for the 2016 fiscal…

NRF Urges Congress to Reject Border Adjustment Tax
May 19, 2017 at 10:39 am

The National Retail Federation (NRF) told Congress yesterday it should reject a proposed $1 trillion border adjustment tax (BAT) that it said would drive up prices for consumers and cost the economy jobs. In a letter to the House Ways and Means Committee, which held the hearing yesterday, NRF Senior Vice President for Government Relations David…

The Top 50 Retailers by Profitability
May 18, 2017 at 11:53 am

For the second straight year, Total Retail has tracked the year-over-year net earnings for our Top 100 Fastest-Growing Retailers, and ranked them accordingly. Pair this earnings research with our ranking of the top 100 publicly traded retailers based on year-over-year net sales list to get a more in-depth view into not only which retailers are growing sales,…

Amazon to Enter the Pharmacy Business?
May 18, 2017 at 7:23 am

Amazon.com may be entering the multibillion dollar pharmaceutical dispensing business, at least according to a report published by CNBC on Tuesday. According to the article, Amazon has reportedly hired a general manager whose sole role would be to help the online retailer explore how to formulate a strategy around the pharmaceutical market and ultimately lead…

Ralph Lauren Names New CEO
May 17, 2017 at 1:32 pm

Ralph Lauren has named a new CEO. Patrice Louvet, formerly with Procter & Gamble for more than 25 years, will take over the recent void left by Stefan Larsson, who abruptly left after disagreements over creative decisions with company founder Ralph Lauren. Bloomberg reports Ralph Lauren signaled that Louvet's tenure may have a cooperative spirit,…

Former Williams-Sonoma Exec Now President of Restoration Hardware
May 17, 2017 at 12:27 pm

Restoration Hardware (RH) announced this week that Sandra Stangl has been appointed to the position of president of news business development. Stangl will lead the development of future new business and growth strategies that will leverage RH’s proprietary multichannel platform. Restoration Hardware's Chairman and CEO Gary Friedman commented, “We are delighted to welcome Sandra to…

Sears Files Lawsuit Against Key Product Supplier
May 17, 2017 at 12:17 pm

Sears is preparing to file a lawsuit to stop one of its top product suppliers, One World Technologies, from restricting its supply of Craftsman power tools. One World recently threatened to back out of its contract with Sears, citing concerns about the retailer's ability to pay for merchandise, unless Sears agreed to cut back its…

A Lesson in Money Management for Retailers
May 17, 2017 at 10:42 am

Ever wonder why American retailers began referring to the day after Thanksgiving as “Black Friday”? It’s the traditional start of the lucrative Christmas shopping season, when spiking sales push the annual bottom line of many stores into “the black,” reflecting a net gain, compared with “in the red,” where they operate for the rest of…

Rue21 Files for Bankruptcy Protection
May 16, 2017 at 11:11 am

Teen clothing retailer Rue21 has filed for Chapter 11 bankruptcy protection in a Pennsylvania court. Rue21 said it has entered into agreements with some of its lenders to reduce its debt and provide additional capital in support of its restructuring. The company, which operates more than 1,100 stores and has listed its assets and liabilities…

Wal-Mart Facing Lawsuits From Former Employees
May 16, 2017 at 10:50 am

Wal-Mart is being sued for both allegedly denying health benefits to same-sex spouses of employees as well as rejecting pregnant employees’ requests to limit heavy lifting, climbing on ladders, and other potentially dangerous tasks. In the former suit, an employee in Massachusetts (where same-sex marriage has been legally recognized since 2004) attempted to add her…

New Lands’ End CEO Taking an Omnichannel Approach
May 16, 2017 at 9:56 am

Jerome Griffith took over as Lands’ End CEO in March, and for the first time in that position he addressed the company at its shareholders meeting last week. He told those in attendance he is “extremely excited” about Lands’ End’s future. “The elements of success are here," Griffith said. “The company [does] over $1 billion…