Management

HBC to Review Strategic Alternatives for Lord & Taylor
May 6, 2019 at 12:38 pm

Hudson's Bay Company (HBC) announced today that it's pursuing strategic alternatives for Lord & Taylor, including a possible sale or merger, as part of its strategy to focus on its best opportunities. “This review of strategic alternatives for Lord & Taylor is another example of how we're exploring options to position HBC for long-term success,” said Helena…

David Jaffe Steps Down as Chairman, CEO of Ascena Retail Group
May 2, 2019 at 2:37 pm

David Jaffe has retired from his role as CEO and chairman of the board of Ascena Retail Group, though he remains on the board, the company announced. Gary Muto, who until Wednesday was president and CEO of Ascena Brands, will replace Jaffe and join the board. Ascena Retail Group sells apparel and accessories for women…

Bed Bath & Beyond Shuffles Board in Response to Shareholder Pressure
April 22, 2019 at 3:04 pm

Bed Bath & Beyond today announced that in response to shareholder feedback it will transform its current board of directors. The board will now comprise 10 directors (as opposed to 12), nine of whom are independent and six of whom are women. Five current independent directors will step down.The transformed board will reflect significant diversity across…

With Market Correction Looming, Retailers Evaluate Change
April 19, 2019 at 12:36 pm

As retailers negotiate bankruptcies, competitors creeping into their margins, changing consumer behavior, and the prospect of a widely anticipated economic downturn, the imperative for survival has never been more keenly felt. The majority of retailers are stuck in survival mode. Of the 300 retail executives who assessed their organization’s overall health in BDO’s 2019 Retail…

How the New Silo-Less Organization is Creating a CX Evolution
April 19, 2019 at 12:20 pm

The customer experience (CX) doesn’t start when the customer arrives. Internal processes, methods and data are the building blocks — and perhaps the limiters — on the quality of every customer experience. To deliver experiences that will win customers back time and time again, brands are digging deeper than polished scripts, perfected web pages and…

The North Face to Close 113 Stores in U.S. and Canada on Earth Day
April 18, 2019 at 3:12 pm

The North Face said this week that it will close its global headquarters and its 113 stores in the U.S. and Canada on Earth Day, April 22. The action is part of a campaign to make Earth Day an officially recognized holiday. The VF Corp.-owned brand said closing its doors on Earth Day will provide its employees ample opportunity…

Best Buy Names Corie Barry CEO
April 15, 2019 at 12:52 pm

Best Buy said on Monday that Corie Barry, the company’s chief financial and strategic transformation officer, will become its new CEO, effective June 11. Barry will be the first woman ever to serve in this role. In addition, she will join Best Buy's board of directors, which will expand to 13 directors. Hubert Joly, who is…

J.Crew Considers IPO for Madewell; Names Interim CEO
April 12, 2019 at 11:35 am

J.Crew Group Inc. is considering bringing its Madewell business to the public markets in the wake of rival Levi Strauss & Co.’s own $623 million offering. Madewell, the denim focused starlet of the J.Crew family, could go public as soon as the second half of this year, the company announced Thursday. Struggling parent company J.Crew also named Michael Nicholson as interim chief…

Jeff Bezos Challenges Rivals to Match Amazon’s $15 Minimum Wage
April 11, 2019 at 2:08 pm

Amazon.com's CEO Jeff Bezos called on other retailers to match Amazon’s benefits and $15 minimum wage in his annual letter to shareholders filed Thursday with the U.S. Securities and Exchange Commission. "Today I challenge our top retail competitors (you know who you are!) to match our employee benefits and our $15 minimum wage," Bezos wrote.…