Walgreens Boots Alliance announced Friday that Tim Theriault, the company's executive VP and global CIO, will step down for personal reasons, effective June 1.
Abercrombie & Fitch Co. posted a wider-than-expected loss and drop in revenue for its first quarter.
Dollar General Corp. named Todd J. Vasos, COO, to the position of chief executive, effective June 3. He has also been elected to the board.
Brown Shoe Co., which will soon change its name to Caleres, reported a strong first quarter, with net earnings rising 24.8% to $19.3 million amid better-than-expected same-store sales and strong margins.
With the rise of big data, social media, and mobile communications, retailers should now be enjoying unprecedented opportunities to understand and reach their consumers like never before.
The ever-accelerating pace of change in retail puts pressure on everyone within the retail enterprise, but perhaps no one feels it more acutely than the CIO.