Management
Walmart has increased the number of women and people of color in its officer roles in an effort to better reflect the countryโs diversity among its top leadership. According to the retailer's annual diversity and inclusion report, which was published on Monday, Walmartโs representation of women and of people of color at the officer levelโฆ
Away, the luggage company valued at $1.45 billion, named co-founder Jen Rubio chief executive officer after she spent two months in the role on an interim basis. Rubio, 33, is taking the reins at a precarious time for the brand. The pandemic upended travel, and Awayโs revenue fell by an estimated 55 percent in 2020,โฆ
Kohl's has come to an agreement with the group of activist investors who have been pushing to gain control of the company's board, CNBC reported. As part of the agreement, Kohl's named three new directors to its board. Two of the new directors โ Margaret Jenkins and Thomas Kingsbury โ were nominated by the activistโฆ
Lee Delaney, president and CEO of BJโs Wholesale Club, passed away unexpectedly last week, due to presumed natural causes, the company announced Friday. He was 49. Bob Eddy, executive vice president, chief administrative and financial officer, has been named interim CEO by the board of directors, effective immediately. Additionally, Christopher J. Baldwin, chairman of theโฆ
Bed Bath & Beyond (BB&B) announced two new hires this week, CNBC reported. These executives will specifically be working on the brand's $3 billion e-commerce business. Jill Pavlovich, former head of exclusive brands and merchandising for Wayfair, has been hired as BB&B's senior vice president of digital commerce. Jake Griffith, previously a general manager for sports and fitness atโฆ
Ulta Beauty announced last week that CEO Mary Dillon, who led the retailer through a period of massive growth that more than doubled its network of stores, is stepping down in June. Dave Kimbell, now president, will take over as CEO as Ulta works to recover from the impact of the coronavirus pandemic. Dillon will transition to theโฆ
During the January Women in Retail and Total Retail Virtual Exchange event, Oliver Chen, managing director, retail and luxury sector head at Cowen and Company, shares his insights and analysis on multiple industry-related topics in an interview with Jennifer DiPasquale, president of Total Retail. In this video clip from the session, Chen identifies the retailers andโฆ
The group of activist investors looking to seize control of Kohlโs board has reduced the number of directors that it plans to nominate from nine to five. In a letter sent to the retailerโs shareholders Thursday, the group โ which has a combined 9.5 percent stake in Kohlโs โ said it originally nominated nine candidatesโฆ
The owner of Saks Fifth Avenue, Hudson's Bay Company, announced it will separate the Saks' website into an independent business from its stores, CNBC reported. The decision to split the luxury department store's website comes after it raised $500 million. Venture capital firm Insight Partners put up the money to take a minority stake in Saksโฆ
Nike announced Monday that its vice president and general manager of the North America division has resigned, CNBC reported. Ann Hebert has left the retailer abruptly after 25 years with the company. This announcement follows a report from last week that revealed Hebert's 19-year-old-son, Joe Hebert, had used a credit card in her name to buyโฆ