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

Retail TouchPoints

Some of the complaints included: “Poor retail execution and strategy leading to stagnant sales and declining operating margins.” The investor group noted that Kohl’s operating income margins declined from 11.5% in 2011 to 6.1% billion in cumulative capital expenditures. “A

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Torrid CFO/COO Resigns; No Permanent Replacement(s) Announced

Retail TouchPoints

Just nine months after taking on the dual role of Chief Financial Officer and Chief Operating Officer at Torrid , Tim Martin has resigned “to pursue other opportunities,” effective May 26, 2023. His responsibilities will be handled by other executives at the apparel, intimates and accessories retailer.

Finance 253
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Bath & Body Works Taps Unilever Veteran as New CEO

Retail TouchPoints

Nash will remain Executive Chair through the end of the Company’s fiscal year, January 28, 2023, at which time she will transition back to Chair of the Board. She has previously held leadership positions at companies including Unilever, Alberto Culver Company and The Estee Lauder Companies. market share leadership for the first time.

Marketing 278
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Report: Forever 21 Will Reestablish  Physical Presence in China With a New Store

Retail TouchPoints

Forever 21 then opened a store on Alibaba ’s Tmall and has begun advertising its offerings for the 618 mid-year shopping festival. Cross-border commerce in general can be a tricky challenge to tackle, so check out Retail TouchPoints ’ 3 Cross-Border Ecommerce Pitfalls and How to Avoid Them webinar on June 22 at 2 p.m.

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

Retail TouchPoints

Specific allegations against Lampert and some investors include that: Lampert rejected a $1.6

Planning 233
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Dollar General adds incoming CEO Jeff Owen to board

Mass Relators

Vasos will serve in a senior advisory position with Dollar General from November 1, 2022 through April 1, 2023, at which time he will retire from employment with the company and is expected to continue to serve as a member of the company’s board.

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Convenience stores among those breaking minimum wage law

Talking Retail

Several convenience store operators have been named and shamed among 191 businesses discovered to have broken minimum wage law. was owed to more than 34,000 workers who were underpaid between 2011 and 2018. This story continues at Convenience stores among those breaking minimum wage law.