Content about CEO

November 25, 2014

Fred's Super Dollar has reported total sales for the third quarter of $476.2 million, up 3%. However, Fred's net loss totaled $10.4 million, or minus 28 cents per diluted share, compared with net income of $7.3 million, or 20 cents per share in the year-ago period. 

Fred's Super Dollar has reported total sales for the third quarter of $476.2 million, up 3%. However, Fred's net loss totaled $10.4 million, or minus 28 cents per diluted share, compared with net income of $7.3 million, or 20 cents per share in the year-ago period.

November 25, 2014

Wet Seal has hired an investment banker and a senior adviser to analyze potential financial alternatives for the struggling retailer.

Wet Seal has hired an investment banker and a senior adviser to analyze potential financial alternatives for the struggling retailer.

The company said it has hired investment bank Houlihan Lokey and former Tilly's Inc. executive William Langsdorf to aid in a strategic review. Wet Seal said it has not set a deadline for completion of the process and that “there can be no assurance that the exploration of the potential alternatives will result in a transaction.”

November 24, 2014

E-commerce firm BrandShop announced that Reuben Hendell has been named chief executive officer of the company. Hendell will also serve on BrandShop's board of directors.  

E-commerce firm BrandShop announced that Reuben Hendell has been named chief executive officer of the company. Hendell will also serve on BrandShop's board of directors.  

BrandShop provides digital commerce services for such brands as ArmorAll, Casio, Cuisinart, Hershey's, Nicorette, Ping, Samuel Adams and Waterpik.  

November 24, 2014

Walmart has appointed Tom Horton, former chairman and CEO of American Airlines, as the 16th member of its board of directors. Horton will also serve on the audit committee.  

Walmart has appointed Tom Horton, former chairman and CEO of American Airlines, as the 16th member of its board of directors. Horton will also serve on the audit committee.  

November 21, 2014

Enhanced onmichannel capabilities were among the factors that incoming Foot Locker CEO Dick Johnson cited as contributing to the company’s increase in third quarter profits and same store sales.

Enhanced onmichannel capabilities were among the factors that incoming Foot Locker CEO Dick Johnson cited as contributing to the company’s increase in third quarter profits and same store sales.

Profits for the third quarter climbed to $120 million, or 82 cents per share, compared with profits of $104 million, or 70 cents per share, in the prior-year quarter. Third quarter same store sales increased 6.9% to $1.7 billion this year, compared with sales of $1.6 billion for the prior-year period.

November 21, 2014

With consumer surveys and holiday forecasts a dime dozen this time of year, Customer Growth Partners CEO Craig Johnson offers his take on some of the biggest fallacies regarding retail spending.

With consumer surveys and holiday forecasts a dime dozen this time of year, Customer Growth Partners CEO Craig Johnson offers his take on some of the biggest fallacies regarding retail spending.

Customer Growth Partners, a consulting and research firm focused on retail and other consumer industries has determined that the top 10 biggest holiday myths of 2014 are:

November 20, 2014

Incoming Gap Inc. CEO Art Peck announced key members of his global team in conjunction with the release of mixed third quarter results.

Incoming Gap Inc. CEO Art Peck announced key members of his global team in conjunction with the release of mixed third quarter results.

Peck is scheduled to replace Gap Inc. CEO Glenn Murphy in February and late Thursday he named new global brand presidents for Gap and Banana Republic.

November 19, 2014

The resumption of top line growth at Stage Stores enabled the operator of 858 stores to reduce the size of its third quarter net loss, but CEO Michael Glazer is taking a cautious view of the holidays.

The resumption of top line growth at Stage Stores enabled the operator of 858 stores to reduce the size of its third quarter net loss, but CEO Michael Glazer is taking a cautious view of the holidays.

November 18, 2014

The fourth quarter is off to a very strong start at TJX Companies, according to CEO Carol Meyrowitz, who expects an exciting mix of initiatives to yield a low single digit fourth quarter comp increase and profit growth.

The fourth quarter is off to a very strong start at TJX Companies, according to CEO Carol Meyrowitz, who expects an exciting mix of initiatives to yield a low single digit fourth quarter comp increase and profit growth.

November 14, 2014

HHgregg CEO Dennis May said the retailer is approaching Black Friday differently this year, including opening its stores earlier than Best Buy on Thanksgiving Day and offering 40% storewide discounts.

HHgregg CEO Dennis May said the retailer is approaching Black Friday differently this year, including opening its stores earlier than Best Buy on Thanksgiving Day and offering 40% storewide discounts.

HHgregg will open its stores at 4 p.m. on the holiday, an hour earlier than Best Buy and two hours earlier than most other retailers who plan to open Thanksgiving Day. The retailer also said its Black Friday Now promotion will begin Nov. 20 and run through Nov. 29 and will offer up to 40% off all items in the store.

November 13, 2014

A third quarter same store sales decline of 1% at Dillard’s wasn’t enough to dissuade CEO William Dillard, II, from declaring the company is very well positioned for the holidays.

A third quarter same store sales decline of 1% at Dillard’s wasn’t enough to dissuade CEO William Dillard, II, from declaring the company is very well positioned for the holidays.

Total merchandise sales also declined 1% to $1.42 billion while net incomes increased to $55.2 million, or $1.30 a share, compared to $50.9 million, or $1.13 a share. The third quarter earnings per share benefited from a one time gain of $3.8 million, or nine cents a share, related to the sale of a store location.

November 13, 2014

J.C. Penney is in the final phase of its turnaround and the company’s stores are customers’ preferred destination for great style, quality and value, according to company CEO Mike Ullman.

J.C. Penney is in the final phase of its turnaround and the company’s stores are customers’ preferred destination for great style, quality and value, according to company CEO Mike Ullman.

Those comments came after J.C. Penney said its third quarter same store sales were flat and it forecast a fourth quarter comp increase of 2% to 4%. Total sales in the quarter ended Nov. 1 declined slightly to $2.76 billion from $2.78 billion.

November 12, 2014

The retail inventory specialist firm WIS International named merchandising and marketing services veteran Jim Rose as its new president and CEO.

The retail inventory specialist firm WIS International named merchandising and marketing services veteran Jim Rose as its new president and CEO.

Rose most recently served as president of marketing services at CROSSMARK, a leading provider of marketing and merchandising services. Rose also previously served as chairman and CEO for Mosaic Sales Solutions and also held senior roles at The Nielsen Company and MPG, a global advertising and communications company.

November 10, 2014

No company protects more mobile devices than Otter Products and now the maker of the ubiquitious OtterBox and LifeProof brands has a new CEO.

No company protects more mobile devices than Otter Products and now the maker of the ubiquitious OtterBox and LifeProof brands has a new CEO.

November 7, 2014

Industrial and construction supplies retailer Fastenal said CEO Willard Oberton planned to resign from the 2,700 store retailer effective December 31.

Industrial and construction supplies retailer Fastenal said CEO Willard Oberton planned to resign from the 2,700 store retailer effective December 31.

The company on Friday, Nov. 7 disclosed that  Oberton notified the board of directors the prior Monday of his decision to resign. Plans call for Oberton, 56, to remain as chairman of the company and to be actively involved in strategic planning and performance measurements.

November 7, 2014

J.P. Bilbrey, CEO of Hershey, has been appointed by the U.S. Secretary of Commerce to President Obama’s newly-established Advisory Council on Doing Business in Africa (PAC-DBIA).  

J.P. Bilbrey, CEO of Hershey, has been appointed by the U.S. Secretary of Commerce to President Obama’s newly-established Advisory Council on Doing Business in Africa (PAC-DBIA).  

Bilbrey will be one of the 15 private sector leaders providing guidance to the president on strengthening partnerships with African nations to leverage the opportunities for U.S. companies committed to supporting the continent for the long term. 

The private-sector council will focus on strengthening the U.S.’ commercial relationships with African nations. 

November 6, 2014

Archer Daniels Midland Company has appointed Juan R. Luciano the next CEO and also has elected him to the company’s board of directors, effective immediately.  Luciano previously served as company’s president and COO responsible for leading and running the company’s global operations.

Archer Daniels Midland Company has appointed Juan R. Luciano the next CEO and also has elected him to the company’s board of directors, effective immediately.  Luciano previously served as company’s president and COO responsible for leading and running the company’s global operations.

Luciano succeeds Patricia Woertz, who will continue in the role of ADM’s chairman of the board and is expected to retire in May 2016.

November 5, 2014

Former Maidenform CEO Maurice Reznic was named Delta Galil’s CEO of women’s intimate apparel for U.S. and U.K. and president of its U.S. branch.

Former Maidenform CEO Maurice Reznic was named Delta Galil’s CEO of women’s intimate apparel for U.S. and U.K. and president of its U.S. branch.

November 5, 2014

The farmers market has gone digital at Overstock.com where the discount online retailer has launched home delivery of locally sourced product.

The farmers market has gone digital at Overstock.com where the discount online retailer has launched home delivery of locally sourced product.

Overstock.com launched the new Farmers Market section of its site to offer home delivery of seasonal, healthy food, grown and produced in close proximity to shoppers, according to the company.

November 5, 2014

Patrick Spear has joined GMDC as president to fill a role previously held by the organization’s long-time CEO Dave McConnell.  Spear brings 25-plus years of experience in the consumer and office products industry to GMDC’s senior management team.  

Patrick Spear has joined GMDC as president to fill a role previously held by the organization’s long-time CEO Dave McConnell.  Spear brings 25-plus years of experience in the consumer and office products industry to GMDC’s senior management team.  

November 5, 2014

Eversight, the provider of cloud-based software has partnered with Periscope™, a McKinsey Solution, to bring promotion “Offer Innovation” to the retailers and consumer goods manufacturers in the U.S. and abroad.

Eversight, the provider of cloud-based software has partnered with Periscope, a McKinsey Solution, to bring promotion “Offer Innovation” to the retailers and consumer goods manufacturers in the U.S. and abroad.

Through this partnership, Periscope and Eversight will deliver a comprehensive set of software and service solutions which enable companies to innovate in-store promotions by digitally testing unique offers with real shoppers. 

November 4, 2014

J. Patrick Doyle, president and CEO of Domino’s Pizza, has been appointed to the board of directors of Best Buy.  

J. Patrick Doyle, president and CEO of Domino’s Pizza, has been appointed to the board of directors of Best Buy.  

Doyle has joined Domino’s in 1997, serving in a variety of leadership roles across its domestic and international businesses. He has been president and CEO of Domino’s since March 2010.

November 4, 2014

Sales continued to decline at Office Depot in the third quarter, but CEO Roland Smith said excellent execution allowed operating profits to more than double.

Sales continued to decline at Office Depot in the third quarter, but CEO Roland Smith said excellent execution allowed operating profits to more than double.

Total company sales on a pro-forma basis to reflect the merger of Office Depot and OfficeMax declined 3% to $4.1 billion during the period ended Sept. 27. The top line decline was steeper at the company’s 1,851 unit North American retail division where sales declined 7% to $1.7 billion due to store closures and a 3% same store sales decline driven by a reduced transaction volume. 

November 4, 2014

Discount online shopping site Overstock.com has lowered prices on books and is offering a 15% bonus to loyalty members in what CEO Patrick Byrne is calling a price war with Amazon.

Discount online shopping site Overstock.com has lowered prices on books and is offering a 15% bonus to loyalty members in what CEO Patrick Byrne is calling a price war with Amazon.

"We will analyze the results and cost benefits of this price war against Amazon and decide how long to continue the promotion. Right now it's scheduled to last through Cyber Monday," said Byrne.

November 4, 2014

The younger generation appears to be more brick-and-mortar than anyone expected.  They may live and breathe online, but come the holidays, they are going to the mall, says the new “2014 Holiday Shopping Behavior Survey” from Simon, a global retail real estate leader. 

The younger generation appears to be more brick-and-mortar than anyone expected.  They may live and breathe online, but come the holidays, they are going to the mall, says the new “2014 Holiday Shopping Behavior Survey” from Simon, a global retail real estate leader. 

89% of respondents between the ages of 18 and 33 who plan to buy one or more gifts said that they intended to shop at the mall this holiday season.