Leadership

Victoria’s Secret Plans to Go Private; Les Wexner to Step Down
February 20, 2020 at 2:59 pm

Victoria’s Secret, the once powerful and successful lingerie brand, will go private, CNBC reported. The brand made a deal with private equity firm Sycamore Partners that shows how much its value has recently diminished. For $525 million, the firm will acquire a 55 percent share in Victoria’s Secret from its owner, L Brands, and L Brands…

The Times They Are A-Changin, for Corporations Too
January 29, 2020 at 2:25 pm

The past decade will be remembered as an era of great transformation. Transformation in the transportation industry, thanks to Lyft, Uber, and the evolution of self-driving vehicles. Transformation in the entertainment development and distribution space, courtesy of nimble companies like Spotify and Hulu, as well as more mature organizations like Netflix and Amazon.com. In the…

NRF 2020: What Retailers Need to Know
January 19, 2020 at 9:36 pm

The National Retail Federation’s annual convention and expo was held in New York City last week, and had almost 40,000 attendees, with hundreds of exhibitors, speakers and sessions. The industry continues to invest heavily in technology innovation, supply chain and fulfillment solutions, and engaging physical store experiences, and we saw continued incremental progress in all these…

2020 NRF Big Show Recap: Highlights and Trends
January 17, 2020 at 11:32 am

In this week’s Retail Right Now, Total Retail's Kristina Stidham and Ashley Chiaradio discuss the top trends to emerge from the 2020 National Retail Federation Big Show in New York City. Here are three trends we heard frequently over the three-day event: the need for retailers to implement diversity and inclusion initiatives; an increased focus…

In Change of Course, Away's Steph Korey Returns as CEO
January 14, 2020 at 12:24 pm

Away co-founder Steph Korey, who stepped down as CEO following reports of her role in creating a toxic culture, is back at the helm of the luggage startup. The original plan was for lululemon COO Stuart Haselden to take over yesterday and, in a way, he has. Haselden will now be co-CEO along with Korey. In an…

NOBULL's Co-Founder on Fostering Community and Expanding Into Physical Retail
January 6, 2020 at 9:58 am

In episode 228 of Total Retail Talks, Executive Editor Joe Keenan interviews Marcus Wilson, co-founder of NOBULL, a footwear, apparel and accessory brand for people who train hard and don't believe in excuses. Wilson discusses NOBULL's story, including its expansion into physical retail and its organic growth into various areas of the training market. He…

6 Senior Execs Ousted by New Bed Bath & Beyond CEO
December 18, 2019 at 11:12 am

Bed Bath & Beyond announced the departure of six senior executives from the company on Tuesday, reports CNBC. The extensive change in leadership is the first major move by the retailer's new CEO, Mark Tritton, who is known for his successful run leading merchandising at Target. Tritton joined Bed Bath & Beyond in early November.…

Analyzing Steph Korey's Resignation From Away, and Why Leadership is Critical to Business Success
December 13, 2019 at 1:48 pm

In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss the resignation of luggage brand Away’s CEO, Steph Korey, amid allegations of employee mistreatment. We analyze the critical role leadership plays in a company’s success, and present a few takeaways that retailers can learn from the Away incident. First, be open…

Away CEO Resigns Amid Allegations of Abusive Practices
December 10, 2019 at 10:19 am

The CEO and co-founder of popular luggage startup Away is resigning just days after her internal Slack messages were made public. Steph Korey, who co-founded the suitcase company in 2015, is stepping down from her role as CEO. Korey will be replaced by lululemon athletica's chief operating officer, Stuart Haselden, Away announced. Korey will remain…

J.Jill CEO Resigns Following Disappointing Q3 Sales Report
December 6, 2019 at 9:57 am

Linda Heasley has stepped down from her roles as president, chief executive officer and member of the board with J.Jill after a year and a half with the brand. The news coincides with the report of J.Jill's disappointing third quarter results, which saw a comparable sales decrease of 7 percent and net sales decrease of…