After years of stability in the executive suite, GNC Holdings has sent longtime leader Joe Fortunato packing and installed an outsider — senior retail industry executive Michael Archbold, 53 — as CEO, effective immediately. Lead independent director Michael Hines has been elected nonexecutive chairman of the GNC board. Archbold comes to GNC from women's apparel retailer Talbots, but before that he held executive positions, including president and COO for GNC competitor Vitamin Shoppe. Tuesday's surprise announcement comes only weeks after GNC's longtime CFO Michael Nuzzo left the company to become chief administrative officer and executive vice president at 4Moms. 

Word on the street is Best Buy’s founder Richard Schulze would like to find a buyer willing to help turn around the struggling chain. But retail industry insiders question whether anyone would want to invest billions of dollars in the electronics retailer in its current state. Schulze left his position as Best Buy’s chairman earlier this month and has reportedly hired the Credit Suisse Group to help him explore buyout options for the retailer. Schulze still owns a stake in the company valued at approximately $1.4 billion, but in order to present a viable buyout plan he would have

An important factor to success for any online retailer is which keywords to find and add to your search marketing efforts. Most retailers keep a lid on their most successful keywords, but the process for finding them isn't exactly a secret. Kate Goodman, vice president of e-commerce at women's apparel retailer Talbots, and Courtney Wegner, client services manager at iProspect, a search marketing firm, shared best practices to finding your brand's keywords in a session titled, How I Found My Best Keywords, at the Internet Retailer Conference & Exhibition in San Diego yesterday.

Hingham, Mass.-based women's clothing retailer Talbots (NYSE:TLB) said it will shutter 75 to 100 stores over three years after cutting its full-year and third-quarter revenue forecasts. For the third quarter, the retailer anticipates a revenue decline in the low single digits. Previously, it predicted a low single digits increase in revenue. Talbots expects an increase of about 1 percent for the full year, down from previous predictions. By the end of the second quarter, the retailer had 580 stores. The company says the closings will be done by allowing some leases to expire and not renewing others.

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