Top 10 Stories of the First Half of 2014
Having passed the calendar’s mid-point, we thought it would be interesting to take a look at the most viewed stories of the year to date on Chainstoreage.com.
1. 2014 Retail Store of the Year: And the winners are … | February 24, 2014
Liverpool, Mexico’s largest department-store chain, received top honors in Chain Store Age’s 32nd annual Retail Store of the Year design competition. Read More
2. Top five social media trends for retail industry | February 14, 2014
Pinterest will emerge as a stronger alternative to Facebook and Twitter, according to global research and analytics firm Blueocean Market Intelligence. Read More
4. Family Dollar to close 370 stores, cut jobs and reduce prices after tough Q2 | April 10, 2014
Family Dollar Stores Inc. plans to close about 370 underperforming stores , cut jobs and lower prices on 1,000 basic items on the heels of a disappointing second quarter. Read More
5. Staples to close 225 stores by end of 2015 | March 6, 2014
Staples said it will close 225 stores by the end of 2015 amid falling fourth-quarter revenue, increased competition, and a shift to online sales. Read More
7. American Apparel ousts CEO/chairman Dov Charney on misconduct allegations | June 19, 2014
Apparel retailer American Apparel Inc. has fired its controversial founder Dov Charney as chairman, effective immediately, and has moved to fire him as CEO and president. Read More
8. Sears’ Lampert predicts retail ‘headed to where we already are’ | February 27, 2014
Sears Holdings’ CEO Eddie Lampert strongly defended his company in his annual letter to shareholders, saying not only does he believe Sears is headed in the right direction, but that “the entire retail industry is headed to where we already are.” Read More
10. Coldwater Creek to seek liquidation, according to report | April 7, 2014
Coldwater Creek Inc. is planning to liquidate its assets after a bankruptcy filing that is expected to come soon, Bloomberg News reported. Read More
Target continues to build digital team
Seattle — Target Corp. on Monday announced three executive hires who will have responsibilities for leading teams across its information technology, e-commerce and digital product teams.
Jim Fisher was named senior VP, infrastructure and operations, Target Technology Services, where he will oversee Target’s technical infrastructure and operations. Immediately before Target, Fisher was senior VP of global infrastructure operations at First Data Corporation.
Alan Wizemann joined Target as VP, Target.com and mobile product, where he will oversee digital product teams. For the past two years,Wizemann had been consulting with Target and leading various product teams, including Target’s mobile coupon app Cartwheel. Prior to Target, he founded ShopIgniter, a popular enterprise social commerce and marketing platform, and also worked with several other startups.
David Weissman was named president of DermStore, based in El Segundo, California, which Target acquired last year. He was previously at BCBG Max Azria Group Inc., where he was executive VP, e-commerce and omnichannel.
“At Target, we’ve said one of our top priorities is accelerating our digital transformation, and these new hires are a signal of our commitment to that effort,” said Jodee Kozlak, chief human resources officer, Target. “Jim, David and Alan are proven leaders who we believe will help Target deliver great new experiences for our guests, whether in stores, online or on the go.”
Nine retailers in search of a CEO
New York — The heat is on — in more ways than one. While Target’s search for a new chief executive has been much in the news, the discounter is not the only big retailer on the hunt for a chief executive. Here’s a brief review (all dates are 2014 except where noted):
1. Target Corp.: Thirty-five year company veteran Gregg Steinhafel, 59, stepped down in May. Target’s CFO John Mulligan is leading the discounter until a replacement is named.
2. J.C. Penney Co.: Myron “Mike” Ullman, 67, was called back to head the company after Ron Johnson was ousted in 2013. Ullman is technically not an interim CEO, but it’s no secret the company is looking for a permanent chief.
3. American Eagle Outfitters: Since Robert Hanson, 51, resigned in January, executive chairman Jay Schottenstein has been serving as interim CEO. Hanson joined American Eagle in January 2012 after 23 years at Levi Strauss & Co.
4. Bebe stores: Steve Birkhold resigned in June, and the board named Jim Wiggett, who has been advising the struggling apparel retailer, as interim CEO. Birkhold was appointed CEO of Bebe in January 2013. Before that, he had been president and CEO of Lacoste North America since 2010.
5. The Bon Ton Stores: Brendan L. Hoffman, 45, plans to step down as chief executive of the department store company in 2015, three years after taking the job. Prior to Bon-Ton, Hoffman served as CEO of Lord & Taylor.
6. Dollar General Corp.: Rick Dreiling, 60, will retire next year, staying on as CEO until May 30, 2015 or until the appointment of a successor. Dreiling served as chairman, president and CEO of New York-based Duane Reade prior to taking the helm of Dollar General in 2008.
7. American Apparel: Controversial founder, chairman and CEO Dov Charney, 45, was ousted by the board in June. John Luttrell, American Apparel’s executive VP and chief financial officer, is acting as interim CEO.
8. Gordmans Stores: Jeff Gordman resigned in March. T. Scott King, chairman, is serving as interim CEO. Gordman, whose great grandfather founded the predecessor company nearly 100 years ago, joined Gordmans in 1990 and was named president and CEO in 1996.
9. L.L. Bean: Chris McCormick, 58, the Maine-based company’s first leader from outside the Gorman family in its 102-year history, plans to retire in March 2016 after what will be 15 years as CEO and 33 years with Bean. Now that’s called giving advance notice!