This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big impact on their shopping choices: nearly half ( 48% ) say they shop the most often at discount/off-price retailers, and 25% frequently patronize dollar stores.
They’ve been shaped/scarred by not one but two global economic traumas — the Great Recession of 2008-2009 and the COVID pandemic — and they’ve grown up with social media playing an increasingly large (and loud) role in shaping culture, including how these consumers shop, research and purchase products and services. What are you listening to?
Todd Vasos “The board has tremendous respect for Jeff and greatly appreciates his many contributions to the company, especially during his long tenure leading our retail operations,” said Michael Calbert, Chairman of the Dollar General Board of Directors in a statement. The retailer has had a volatile year.
Forever 21 then opened a store on Alibaba ’s Tmall and has begun advertising its offerings for the 618 mid-year shopping festival. Forever 21 first entered China in 2008 but left the country a year later. ET to learn more about how to navigate this space.
On that note, keep visual clutter at bay. Choosing the right art is just as important in a retail space as it is at home. At the same time, don’t be afraid to go big. At its core, a well-designed retail space is more than just a place to shop — it’s an extension of the brand itself. Remember, simplicity is key.
He brings more than 40 years of retail experience to the position, most recently as President and CEO of Burlington Stores , where he served from 2008 to 2019. He also has held leadership and board roles at The May Department Stores Company.
retailers will add 410,000 seasonal positions this year, which is the lowest number of jobs added in the quarter since 2008. Results from Retail TouchPoints’ 2023 StoreOperations Survey indicate that hiring and retaining associates, at 70% , and high employee turnover rates, at 67% , are their top challenges.
L Brands has made multiple C-level leadership changes at Victoria’s Secret , including the promotion of Martin Waters to CEO of Victoria’s Secret Lingerie. Waters joined L Brands in 2008 as head of the retailer’s international division. She also has led human resources at ADT and Coca Cola Refreshments.
The board agreed to expand its existing share repurchase authorization to $2 billion , which can be used to repurchase shares at the company’s discretion. “I From 2008 to 2013, Day served as the CEO of lululemon, and prior to that she spent more than 20 years at Starbucks in a variety of leadership positions.
Seth joined Raymour & Flanigan full-time in 2008 after graduating from Yale University and the University of Pennsylvania Law School. His experience at Raymour & Flanigan has included roles in nearly all areas of the business.
The multi-store shopping centre steadily grew in popularity in the US, hitting peak popularity in the 1980s. However, in the past two decades, the American mall has been standing on shaky ground due to factors like the 2008 recession and, more recently, the butterfly effect of the Covid-19 pandemic. per cent and 15.3
Johnson spent 13 years at Starbucks and joined the top leadership team in 2015, when he was named President and Chief Operating Officer. He first held the role from 1986 to 2000, then again from 2008 to 2017. The transition will mark Schultz’s third stint as CEO of Starbucks.
Jon Roberts will retire as chief operating officer of CVS Health in June, the company announced. CVS does not plan to hire a new COO at the moment. He also served as EVP of pharmacy purchasing, pricing and network relations from 2009 to 2010 and senior vice president and chief information officer from 2006 until 2008.
. — Ariel dela Cruz has joined Dollar General as divisional vice president of storeoperations, in one of three executive moves the company announced. Dela Cruz’s LinkedIn page says he most recently served as vice president of Central East at Ulta Beauty. and Palmetto Capital Group.
Lesley Rulloda: Opening our first bricks-and-mortar NBA Stores in Australia reflects our continued commitment to engaging our fans in Australia, and it was a natural progression for us to build on our existing collaboration to introduce the NBA’s first bricks-and-mortar NBA Stores in Melbourne and Sydney.
Watkins most recently served as executive vice president for consumables at Walmart U.S. She rose through the ranks to the post of senior director of real estate before joining the merchandising team of Sam’s Club in 2008. After two years at Sam’s Club Watkins moved over to Walmart U.S., storeoperations.
Latriece Watkins Watkins most recently served as executive vice president for consumables at Walmart U.S. After two years at Sam’s Club she moved over to Walmart U.S., She was named senior VP of enterprise strategy in 2015, and a little more than a year later she joined the field operations organization as senior VP of U.S.
. — Ariel dela Cruz has joined Dollar General as divisional vice president of storeoperations, in one of three executive moves announced by the company on Monday. Dela Cruz’s LinkedIn page says he most recently served as vice president, Central East, at Ulta Beauty. and Palmetto Capital Group. Megan Kokoska.
Jeremy Gosch has been named president and chief operating officer, Aaron Wiese has been promoted to vice chairman and president of Hy-Vee supply chain/subsidiaries, and Andy Schreiner has been named senior vice president, chief financial officer and treasurer. He was inducted into the Hy-Vee Hall of Fame in 2008. Randy Edeker.
. — Dollar General has promoted 18 executives to new roles at the company. In this role, she will continue to support DG’s storeoperations team, which now encompasses more than 20,000 retail stores including pOpshelf and Mexico. Prior to joining DG, she served in several leadership roles at YUM!
As part of the leadership transition, Vasos is expected to serve in a senior advisory position, beginning when he steps down as CEO and continuing through April 1, 2023, at which time Vasos will officially retire. He began his employment at Dollar General in 1992 as a store manager trainee in a Nashville, Tennessee store.
At that point Vasos will officially retire, although he is expected to enter into a two-year consulting agreement following his retirement and will continue to serve as a member of the company’s board of directors. Owen became Dollar General’s COO in August 2019, having previously been executive vice president of storeoperations.
Todd Vasos began an exciting new leadership chapter at Dollar General Corp. MMR is proud to honor Vasos with a Lifetime Achievement Award in recognition of his successful and impactful career, including accomplishments achieved during his CEO tenure at Dollar General. where he led the operations teams and later served as a merchant.
including Amazon , Target and Macy’s , have announced their plans for holiday hiring, but all told this season may see one of lowest levels of seasonal hiring since 2008 , according to report by Challenger, Gray & Christmas shared with Reuters. Some of the biggest retailers in the U.S., 21 and Oct. The holidays are one of Macy’s, Inc.’s
In 2008 Hudsons Bay was acquired by NRDC, an investment firm controlled by Richard Baker, in a leveraged buyout. In 2008 Hudsons Bay was acquired by NRDC, an investment firm controlled by Richard Baker, in a leveraged buyout. Sears filed for bankruptcy in 2018, and operates under a dozen stores today, down from thousands at its peak.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content