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In Push for a Turnaround at Kohl’s, Investor Group Nominates Nine Board Directors

Retail TouchPoints

Macellum Advisors GP , Ancora Holdings , Legion Partners Asset Management and 4010 Capital, together with their respective affiliates, are pushing the plan. Some of the complaints included: “Poor retail execution and strategy leading to stagnant sales and declining operating margins.” in 2011 to 6.1%

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Sears Reaches $175 Million Settlement With Lampert, Clearing Way to Complete Bankruptcy

Retail TouchPoints

Sears Holdings and its creditors have reached a $175 million settlement agreement with former CEO Eddie Lampert and other investors that will clear the way for the retailer to execute its long-delayed bankruptcy plan. Lampert exited the CEO role when Sears entered bankruptcy in October 2018 and stepped down as Chairman in February 2019.

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Target Names First Chief Growth Officer, Announces Series of C-Level Promotions

Retail TouchPoints

At the core of Target’s success is the most talented team in retail,” said Brian Cornell, Chairman and CEO of Target in a statement. After 15 years with the company, Stephanie Lundquist, Target’s former president of food and beverage, announced her plans to depart the organization earlier this year.

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Dollar General CEO Todd Vasos to retire

Mass Relators

chief executive officer Todd Vasos plans to step down from his position effective November 1, the company announced on Tuesday. He will be succeeded by Jeff Owen, who has served as DG’s chief operating officer since 2019. GOODLETTSVILLE, Tenn. Dollar General Corp. Todd Vasos. Jeffrey Owen.

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Hy-Vee promotes three executives

Mass Relators

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. Randy Edeker. Jay Marshall. Mike Skokan.

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Untuckit is Setting Sights on Expansion and Internal Visibility is Helping it Get There

Retail TouchPoints

The apparel retailer is expanding its brick-and-mortar footprint with plans to open at least 14 new stores in 2024, bringing its store count to nearly 100. We want to make sure that all costing remains up to date in NetSuite to be ready for wholesale operations.” trade show, PROJECT Las Vegas , in February.

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NRF 2021: High-Level Insights from Lowe’s, Chewy, Alibaba and Wayfair

Retail TouchPoints

Chapter Two of the Big Show had originally been planned as an in-person event to take place in early June at New York City’s Javits Center, but the facility’s role as a COVID vaccination center made it unavailable, so it will also be a virtual event. The six-day NRF 2021 Chapter One , which will wrap up on Jan.