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How Private Equity Failed North America’s Oldest Retailer

Retail Prophet

At the time it acquired The Bay, Baker boasted publicly that his sharp dealmaking had enabled him to capture more than $5 billion worth of real estate holdings for little more than 20 percent of its market value. HBC acquired Saks Fifth Avenue in 2013. Lord & Taylor shut down in 2020, and Baker took HBC private the same year.

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Dollar General CEO to Retire, COO Named as Successor

Retail TouchPoints

In 2013, prior to his appointment as CEO, Vasos served as COO. He began his career with the company as a store manager trainee in Nashville, Tenn. and worked his way through the ranks, eventually serving in roles such as Senior Director of Operations and Process Improvement, Retail Division Manager and EVP of Store Operations.

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American Eagle Names Replacements for Departing COO

Retail TouchPoints

Prior to that she was EVP of Supply, North America at PVH from 2020 to 2021, building on an extensive tenure across several supply chain leadership roles for key businesses within the PVH portfolio, including Calvin Klein North America and The Underwear Group from 2013 to 2020.

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Burlington Doubles Store Total Target to 2,000, Plans 75 Net New Locations for 2021

Retail TouchPoints

Burlington Stores has doubled its long-term store footprint target to 2,000 stores, up from the 1,000 -store target established when the company launched its IPO in 2013. Another key efficiency driver will be a reduction in store size to improve store-level productivity, said O’Sullivan on that call.

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BJ’s Wholesale Club Names Interim Leader President and CEO

Retail TouchPoints

From 2013 to 2017, he also chaired the Financial Executives Council of the National Retail Federation. Prior to joining BJ’s, Eddy served multinational manufacturing, technology, retail and consumer products companies as a member of the audit and business advisory practice of PwC.

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Starbucks Promotes Three Leaders to Develop Sustainable Long-Term Growth

Retail TouchPoints

Conway has been with Starbucks since 2013 as head of Channel Development. In his new role he will oversee the retail business segment for all markets outside the U.S. The retailer also promoted Michael Conway to Group President, International and Channel Development. and Canada.

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Beyond the Borders – How Retailers are Shifting Gears to Diversify  

Retail TouchPoints

Collaboration is the new competition; it was back in 2013 that Harvard Business Review used this sentence to headline an article on how to drive large-scale social change through collaboration. Almost a decade later, the term is absolutely still valid when it comes to defining the status quo in the retail industry.