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

Retail TouchPoints

CTO Hyon Park will step in to manage the retailer’s supply chain, and CEO Lisa Harper will oversee other operational functions, including stores and real estate. Torrid has had an unusually high number of top-level management changes over the past year.

Finance 229
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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. to manage Forever 21’s China operations. Forever 21 first entered China in 2008 but left the country a year later. The Chinese ecommerce market is expected to be worth $3.3

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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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Dollar General adds incoming CEO Jeff Owen to board

Mass Relators

Owen, who has been with the company for nearly 30 years, assumed Dollar General’s chief operating officer role in August 2019 having previously held the roles of executive vice president, store operations from June 2015-August 2019 and senior vice president, store operations from August 2011-July 2014.

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Customers are Tired of Empty Shelves, and it’s Time for a Fix

Retail TouchPoints

Not only do alerts like these help recapture lost sales, but they also maximize associate productivity through effective task management. Paul Boyle has served as the CEO of Retail Insight since 2011; he was previously the company’s COO since its founding in 2005. He is passionate about Retail Insight’s people, products and partners.

Checkout 243
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Target Names First Chief Growth Officer, Announces Series of C-Level Promotions

Retail TouchPoints

In his new role, he will leverage the expertise he has developed during his time at Target, combined with more than 20 years managing multi-billion-dollar consumer packaged goods brands with MillerCoors, PepsiCo and the Quaker Oats Company, to further accelerate Target’s food and beverage business.

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Dollar General promotes seven executives

Mass Relators

Mark Banister has been promoted to senior vice president, in-store experience. In this role, Banister will lead the space management, project execution and support, fixtures and supplies, and store planning teams. Rick Channell has been promoted to vice president, division merchandise manager.