FINANCE

Harvard Business Review: And the best-performing CEO is…

BY Marianne Wilson

New YorkHarvard Business Review released its annual list of the 100 best-performing CEOs in the world, and heading up the list is Amazon chief Jeff Bezos.

During his tenure, Amazon delivered industry-adjusted shareholder returns of 15,189 percent and its value increased by $140 billion, according to the Review. Only two women made the 2014 ranking and one of them was a retailer: Carol Meyrowitz, who heads up TJX Cos., came in at number 51.

The annual listing assesses the chiefs of companies in the S&P Global 1200 from each executive's first day in office until April 30 of this year, and examines such metrics as industry-adjusted shareholder returns, country-adjusted shareholder returns, and increase in market capitalization over a CEO’s tenure.

The other retailers in the elite group were:

Tadashi Yanai, Fast Retailing (#11);

Pablo Isla Álvarez de Tejera, Inditex (#14);

Michael Balmuth, Ross Stores (#25);

Simon Wolfson, Next (#43);

Howard Schultz, Starbucks (tie, #54);

Blake Nordstrom, Nordstrom (tie #54);

William Rhodes III, Auto Zone (#62),

Terry Lundgren; Macy’s (#66);

Gregory Henslee, O’Reilly Automotive (#80);

and Michael Kowalski, Tiffany & Company (#92).

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News

“Once upon a time” ShoeBuy partnered with Cinderella

BY CSA STAFF

A shoe that once brought together Cinderella and Prince Charming has inspired a merchandizing fairy tale. ShoeBuy announced today its limited-time-only, exclusive collection "Once Upon a Time," inspired by Tony Award-winning musical Rodger and Hamerstein’s Cinderella.

The collection, now live at shoebuy.com/info/onceuponatime features primarily special occasion footwear styles for women, men and children, along with jewelry – all inspired by the show's most memorable characters. The items were selected by the Fairy Godmother, Judy Kaye, who should certainly know them best. Brands include BCBG Max Azria, Benjamin London, Florsheim, Stride Rite, Nina and more.

"I loved having the opportunity to team up with ShoeBuy to bring the musical to life through enchanting styles," said Kaye. "ShoeBuy's wide selection allowed me to curate a collection of shoes and jewelry that is representative of the show and easy for consumers to incorporate into their personal wardrobes. We're excited to offer this unique opportunity for any fan to channel their inner Ella or Prince Topher."

With its fresh take on the beloved tale of a young woman transformed from chambermaid to princess, the current production of Cinderella on Broadway, starring Keke Palmer and Sherri Shepherd, and now on tour across America combines the story's classic elements – glass slippers, a pumpkin, a beautiful ball and more – with some surprise twists.

Shoppers of the collection are invited to look for the exclusive code to receive up to 35% off tickets to experience the Broadway production of Rodgers and Hamerstein's Cinderella.

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OPERATIONS

Report: Congestion at Los Angeles ports causing shipping crisis

BY Marianne Wilson

New York Congestion at the ports of Los Angeles and Long Beach (California) are causing logistical headaches for retailers that could turn into serious problems as they head into the holiday shopping season, according to the Los Angeles Times.

In what the Times called “the worst shipping crisis in a decade,” huge ships loaded with products are sitting idle just off the coast, waiting for cargo on the docks to clear.

According to the report, a massive influx of cargo is stressing the system. In September, the Port of Los Angeles saw imports rise 11% from a year earlier, while at Long Beach, import volume rose 10.2%.

Read the full story here.

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