article thumbnail

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

Retail TouchPoints

Harper was named CEO in May 2022; she had previously served as CEO of Torrid from 2011 to 2016 and served as CEO of Belk from 2016 to 2021. Torrid has had an unusually high number of top-level management changes over the past year. The retailer’s most recent financial results paint a picture of a company facing tough headwinds.

Finance 240
article thumbnail

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. Forever 21 first entered China in 2008 but left the country a year later.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bath & Body Works Taps Unilever Veteran as New CEO

Retail TouchPoints

She first joined Unilever in 2011 as EVP, Personal Care North America where she oversaw a portfolio of more than 20 personal care brands and helped Unilever’s haircare business achieve U.S. Boswell brings more than 30 years of experience in sales, marketing, brand building, business development and strategy to the role.

Marketing 275
article thumbnail

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 222
article thumbnail

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.

article thumbnail

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

article thumbnail

BJ’s Wholesale Club Names Interim Leader President and CEO

Retail TouchPoints

Eddy joined BJ’s in 2007 and assumed the role of EVP and CFO in 2011. Eddy also will join BJ’s Board of Directors. Laura Felice — currently SVP and Controller — has been appointed to replace Eddy as CFO. In 2018, he added Chief Administrative Officer to his title.

Wholesale 199