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Michel’s brand to be axed

Inside Retail

Retail Food Group (RFG) has announced the end of the Michels Patisserie chain, revealing it will work with franchisees to convert their stores to either Gloria Jeans or Donut King. There are just 19 Michels Patisserie stores across RFGs home state of Queensland, New South Wales and Victoria.

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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. Operating gross profit margin declined to 36.4

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The Container Store Names New Digital Chief, SVP of Stores

Retail TouchPoints

In her new role as Chief Digital Officer, Rawlinson will oversee both ecommerce and marketing, including creative, traditional and digital media, as well as the loyalty, social media and public relations functions with a focus on bolstering the Custom Spaces offering across consumer touch points.

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Dollar General CEO to Retire, COO Named as Successor

Retail TouchPoints

Amid a year of expansion, Dollar General ’s CEO Todd Vasos has decided to retire from the role he has held since June 2015, effective Nov. He began his career with the company as a store manager trainee in Nashville, Tenn. Current COO Jeffery Owen, a 30-year Dollar General veteran, has been named as Vasos’ successor.

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Canada Goose Makes 5 Leadership Appointments, Including First-Ever CDO

Retail TouchPoints

The execution of our five-year strategic growth plan requires an experienced and talented team of experts that will help us expand our direct-to-consumer business, reach new audiences and build new categories,” said Dani Reiss, Chairman and CEO of Canada Goose in a statement. “As

Planning 305
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Tapestry Hires VF Corp. Veteran as New CFO

Retail TouchPoints

Roe will have responsibility for all finance functions and lead the retailer’s Strategy and Consumer Insights teams. a position he has held since April 2015. With a grounding in brand and operational finance roles, he manages from a commercial mindset balanced with enterprise thinking. Roe is currently CFO of VF Corp. ,

Finance 264
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Macy’s Picks New Bluemercury CEO as Rightsizing and Revitalization Efforts Continue

Retail TouchPoints

Bernstein also has worked in the retail and consumer practice at McKinsey & Co. Maly’s ability to create connections with consumers through breakthrough platforms that integrate product, service and experience make her a great fit to lead this special and growing brand,” said Spring in a statement.