Management

Gymboree Considering Closing Half its Stores
November 28, 2018 at 11:53 am

Gymboree is considering closing more than half of its approximately 900 stores, people familiar with the matter said on Tuesday. The move would be a setback for the retailer of infant and children’s clothing after it emerged from bankruptcy last year. Gymboree was one of the few brick-and-mortar retailers that managed to escape liquidation in a wave…

Gap Mulls Closing Hundreds of Mall-Based Stores
November 21, 2018 at 12:38 pm

Gap Inc. is considering shutting hundreds of its namesake stores at shopping malls as sales at the Gap brand continue to slide. The retailer said Tuesday evening that it still has 775 Gap-branded stores globally, in addition to those under the Old Navy, Banana Republic and Athleta banners. Gap Inc. has more than 3,000 stores around the…

How to Get Your Business Financially Ready for the Holidays in 5 Steps
November 21, 2018 at 10:30 am

Having worked with small businesses for more than a decade, one thing is clear to me: holidays can be a big deal for entrepreneurs. For retailers, they’re the craziest and busiest time of the year. This year’s holiday season promises to be a big one. Holiday sales this year are expected to jump 5 percent…

Sears Seeks Bonus Payments for Top Execs
November 20, 2018 at 11:23 am

Sears is seeking court approval to pay executives as much as $25 million in annual bonuses while the company struggles to restructure in bankruptcy. Three top executives could get nearly $1 million each if the company goes out of business. If Sears remains in business, they could get nearly $500,000 each for hitting the top performance…

J.Crew CEO Resigns After Just 16 Months
November 19, 2018 at 3:16 pm

J.Crew Group announced this weekend that CEO James Brett would step down, effective immediately. The decision was based on a mutual agreement between the board of directors and Brett. "Jim's passion and experience brought new energy to J.Crew and enhanced our ability to relate to a broad range of consumers, and we thank him for his hard work…

David's Bridal to File for Bankruptcy
November 16, 2018 at 2:23 pm

Wedding dress retailer David's Bridal said yesterday that it will file for bankruptcy protection in the near future as it tries to deal with a heavy debt load amid changing consumer tastes in the wedding industry. The bankruptcy filing is part of a deal the retailer has reached with its lenders that will reduce its…

Victoria's Secret CEO Jan Singer Resigns
November 15, 2018 at 3:01 pm

The CEO of Victoria's Secret's lingerie division, Jan Singer, has resigned and plans to step down after working at the retailer for two years, a person briefed on the matter told CNBC. The lingerie company, owned by L Brands, has struggled to grow sales as younger shoppers turn to more inclusive bra and underwear retailers. Singer…

Starbucks to Cut 5% of its Corporate Workforce
November 14, 2018 at 12:07 pm

Starbucks announced this week that it will cut 5 percent of its corporate workforce. CNBC reports about 350 employees in marketing, creative, product, technology and store development will be impacted, Starbucks CEO Kevin Johnson said in a memo. Starbucks has been plagued with lagging U.S. sales for several quarters. The coffee giant has scaled back…

Curiosity and Being Current: Why it's More Important Now and Should Increase With Age and Experience
November 13, 2018 at 1:19 pm

When we asked friends and colleagues what's the most important skill for consistent and continued success in business, they gave a multiplicity of answers including leadership and management skills, brains, and creativity. However the leading response from this group was curiosity. Many defined curiosity as the impulse to seek new information and experiences, the desire…

Amazon Plans to Split HQ2 Between New York, Northern Virginia
November 9, 2018 at 12:37 pm

After conducting a yearlong search for a second headquarters, Amazon.com has switched gears and is now finalizing plans to have a total of 50,000 employees in two locations, according to people familiar with the decision-making process. The internet retail giant is nearing a deal to move to the Long Island City neighborhood of Queens, according to…