Following “extensive discussions,” with its board of directors, Gregg Steinhafel has stepped down as chairman, president and CEO of Target. The mass merchant has retained Korn Ferry to advise the board on a comprehensive CEO search.
The company’s second report provides an update on its sustainability-related accomplishments and objectives, and sets goals in three categories: workplace and supplier standards, environmental management and community engagement.
Neiman Marcus Group, Inc. announced a series of organizational changes Wednesday. The merchant will merge the merchandising and planning organization for Neiman Marcus Stores and Neiman Marcus Online into a single team operating under the Neiman Marcus brand.
AlixPartners has been chosen to lead the integration of Jos. A. Bank into The Men’s Wearhouse.
Moosejaw teamed up with Patagonia to offer $10,000 to the three environmental charities that raised the most money in the Moosejaw X Patagonia Charity Challenge Thing.
Men’s Wearhouse and Jos. A. Bank announced that the merchants have entered into a definitive agreement in which Men’s Wearhouse will acquire all of the outstanding shares of common stock of Jos. A. Bank for $1.8 billion. Together, Men’s Wearhouse and Jos. A. Bank will have more than 1,700 stores in the U.S., with approximately 23,000 employees and sales of $3.5 billion on a pro forma basis.
Life isn’t a piece of cake for small merchants, even if they sell something as sweet as brownies. David Kravetz talks about some of the ways Fairytale Brownies tackles the operational challenges they face as they compete in the marketplace.
ForeSee announced that its president and CEO, Larry Freed has decided to step down from his position, according to a ForeSee blog post.
In an effort to save nearly $100 million annually, Macy’s has laid out a cost reduction plan which includes laying off 2,500 workers and the closing of a handful of its brick-and-mortar stores.
Here are a few key requirements of a successful fulfillment strategy during the holidays when order volume can easily be 10 to 20 times higher than the busiest days during the year.