Tom Kingsbury is no longer the interim CEO of Kohl’s. The company yesterday confirmed earlier reports by formally announcing that Mr. Kingsbury has been named to the position on a permanent basis while continuing to serve on its board of directors. What do you think Tom Kingsbury needs to do as he takes on the Kohl’s CEO role on a permanent basis?
Pacsun last week announced that Brie Olson, president and a member of the retailer’s board of directors, will be appointed co-CEO, effective March 9, replacing Alfred Chang, who is stepping down. Do you see the Pacsun co-CEO leadership model as something that has uniquely worked for the company or an example for other retailers looking to improve their performance?
Retail C-suites have seen a lot of turnover the last few years, and at least one recent case shows that the CEO role is harder to fill than it once was. Do you see a broader problem of getting qualified people to take on retail CEO roles or is this limited to specific companies?
Dollar Tree yesterday said that its executive chairman, Richard Dreiling, has been named CEO of the company. He replaces Mike Witnyski who has led the company since last year after serving in leadership positions with Dollar Tree going back to 2010. What impact do you expect Rick Dreiling to have on Dollar Tree and Family Dollar?
Rite Aid yesterday said that board member Elizabeth “Busy” Burr has been named interim CEO of the company, effective immediately. She replaces Heyward Donigan who has led the drugstore chain since 2019. What does Rite Aid need to do to better to compete against CVS, Walgreens and other rivals?
Amy Hauk is stepping down as CEO of Victoria’s Secret on March 31 after having just been named to lead the lingerie giant in July. Do you expect that Amy Hauk’s planned departure will have an effect on the Victoria’s Secret or PINK businesses?
In a surprise move, Under Armour last week named Stephanie Linnartz, the current president of Marriott International, as its third CEO. What do you think of the hiring of Stephanie Linnartz to guide Under Armour’s next phase of growth?
Michelle Gass is stepping down as the chief executive of Kohl’s as of December 2 and moving to Levi Strauss & Co in January. What should happen at Kohl’s following Michelle Gass’ departure?
Bed Bath & Beyond’s search for a CEO is over. The retailer yesterday said that it has named Sue Gove as president and chief executive officer of the company. Ms. Gove has been the retailer’s interim CEO since June when she replaced Mark Tritton. Does Sue Gove have the right plan in place to turn Bed Bath & Beyond Inc. around?
Nordstrom last week announced that Edmond Mesrobian, its chief technology and information officer since 2018, is stepping down, adding credence to the perception that turnover remains high for information technology executives. What’s the reason for the apparent high turnover rates for CTOs, CIOs and other IT executives?
Gap Inc. is cutting 500 corporate jobs as it continues to search for a permanent CEO and it seeks to come up with answers to buoy its top and bottom lines following a second quarter that saw it report a 10 percent decline in comp sales and a net loss of $49 million. What do you see as Gap Inc.’s current strengths and weaknesses?
Lands’ End earlier this week said it had concluded its search for a new CEO with the hiring of American Eagle Outfitters president, international, Andrew McLean, who won’t take over as CEO until the end of the company’s fiscal year, January 27, 2023. What do you see as the pros and cons of CEO succession plans that ease new leaders into their roles?
Target will apparently need CEO Brian Cornell when he’s 64, and beyond. All it took was for the company to scrap its mandatory retirement age of 65 so the CEO, currently 63, would be able to carry on doing his job. What is your position on mandatory retirement ages in retail?
Lowe’s said on Tuesday that it was doing away with the CMO role and that its marketing team would now report to Bill Boltz, executive vice president of merchandising. Does it make sense for retailers to move their marketing operations under merchandising as they focus more on sales promotion activity?
The death of Bed Bath & Beyond chief financial officer Gustavo Arnal last Friday has shocked the company and the retailing world. What do you do now if you are Bed Bath & Beyond’s board of directors?
Starbucks announced plans to hire retail and restaurant industry outsider Laxman Narasimhan as its next CEO, replacing three-time CEO, Howard Schultz, as the chain embarks on a “Reinvention.” What do you think of the outside hire of Laxman Narasimhan as Starbucks’s CEO?
Sonia Syngal is out as CEO of Gap Inc. Ms. Syngal, who stepped down from her position and from the board, effective immediately, will leave the company after a brief transition. What will it take to fix Gap Inc.?
Speaking at The Wall Street Journal’s Global Food Forum, Jason Buechel said one of his goals as the next CEO of Whole Foods Market is “to reconnect to many parts of our heritage as a company.” What advice would you have for Jason Buechel as he prepares to take over as CEO of Whole Foods?
The news came today that Mark Tritton is out as president, CEO and a board member of Bed Bath & Beyond. What went wrong and right during Mark Tritton’s tenure at Bed Bath & Beyond?
Friday’s announcement that Dave Clark, Amazon.com’s CEO of Worldwide Consumer, would be resigning, effective July 1, set off speculation that the retail group’s recent trips-ups were to blame. Is Dave Clark’s exit a harbinger of major changes for Amazon’s retail businesses?
Kohl’s is losing two key executives at a time when the retailer is pursuing a sale and facing ongoing pressure from activist investors. Do you see the departures of c-suite executives as a sign of bigger problems at Kohl’s?
Kohl’s shareholders in a vote yesterday rejected a bid by the activist investor Macellum Advisors to replace up to 10 of the retailer’s 13 board directors. Should Kohl’s board consider any criteria other than the highest offer in selecting a new owner?
Shares of Gap Inc. plunged 18 percent on Friday after the mall-based clothing giant announced the exit of Old Navy’s CEO, Nancy Green, and lowered its guidance. Do you see Old Navy’s current problems as a short-term blip or requiring a longer-term fix?
Barnes & Noble’s sales have recovered as the chain orchestrates a turnaround focused on empowering store managers and capitalizes on a revival of interest in reading. Does Barnes & Noble seem better positioned to prosper both due to its internal restructuring changes and external trends?
Nordstrom on Monday said that it is consolidating leadership for its full-line department stores and its Rack off-price concept under one team in an effort to deliver on its strategy of providing customers seamless shopping experiences across its digital and physical store platforms. What do you see as the pros and cons of Nordstrom’s plan?
Starbucks is looking for a new CEO following Kevin Johnson’s decision to retire after 13 years at the company. Mr. Johnson, who has led Starbucks since 2017, said that he informed the company’s board over a year ago that he was considering retirement. What type of leader does Starbucks need at this point in its history?
Marc Rosen is pulling together a leadership team at JCPenney with a vision of doing nothing less than transforming the legacy retailer. What do you make of the recent c-suite and merchandise news from JCPenney?
JCPenney has a new CEO. The department store retailer announced that Marc Rosen, a 25-year retail industry veteran who most recently served as executive vice president and president of Levi Strauss Americas at Levi Strauss & Co., will join the company effective Nov. 1. Is Marc Rosen a good fit as JCPenney CEO at this moment in time?
McDonald’s has named longtime company veteran Manu Steijart to the newly created position of global chief customer officer. What do see as the opportunities and challenges for McDonald’s as it reorganizes its various departments under a single chief customer officer?
Instacart surprised many with its announcement that Fidji Simok, who formerly headed the core Facebook app, would replace co-founder Apoorva Mehta as CEO. What assets do you expect Fidji Simok to bring with her from Facebook?
What makes an executive who worked his way up from collecting shopping carts at a Tesco to its corporate suite leave the company after 31 years? Perhaps an offer too good to turn down from Amazon. What will Tony Hoggett bring with him to Amazon from Tesco?
GameStop went shopping for a new CEO and CFO and found them at Amazon. The retailer announced yesterday that it has named Matt Furlong as its new chief executive and Mike Recupero in its top finance role. What changes are you expecting from GameStop with the new leadership team and board that have been put in place?
PacSun, announced a leadership transition that will see Alfred Chang, the teen chain’s president, and Mike Relich, interim CEO of PSEB Group, share the chief executive role. Are you a fan of co-CEO management structures?
GameStop’s c-suite shakeup is almost complete. The retailer is now looking to replace George Sherman after having replaced many of the current CEO’s top lieutenants in recent months. Do you agree with the direction that Ryan Cohen is taking with GameStop?
Ulta Beauty is getting ready to give its c-suite a new management look. The nation’s largest beauty retailer announced yesterday that CEO Mary Dillon will be stepping down from that spot in June. What do you think are the reasons that Ulta Beauty has done so well under Mary Dillon for the eight years she has led the company?
Macy’s, Inc. announced yesterday that its chief operating officer, John Harper, will be leaving the retailer on Aug. 1 and that the position will not be refilled. What do you think Macy’s most recent senior leadership changes mean for the retailer’s future direction?
Target is not standing on its laurels. The retailer announced earlier this week that it is making changes to its executive leadership team with continuing improvement and growth as the focus. How does Target’s executive leadership stack up against its retail industry peers?
GameStop isn’t ready to give up on itself yet as evidenced by new hires with strong professional pedigrees. Are you encouraged about GameStop’s prospects based on its apparent change in its strategic focus and new additions to its board and leadership team?
Jeff Bezos has announced that he will be stepping down as chief executive of the company in the third quarter this year to become its executive chairman. Is Amazon’s inventiveness the single key feature that has set it apart from other retailers and consumer-facing brands over the past 20+ years?
Walgreens Boots Alliance has reached a deal with Rosalind Brewer to join the company as its new chief executive officer, replacing Stefano Pessina who announced last summer that he would move to executive chairman of the company’s board once his replacement was found. What do you expect Rosalind Brewer to bring to her role as CEO of Walgreens?
Marc Lore, who has often been credited with jumpstarting Walmart’s digital evolution, is leaving the discount giant after five years. How much headway has Walmart made competing with Amazon over the last five years?
J.C. Penney’s CEO Jill Soltau has exited a month after the retailer emerged from bankruptcy proceedings through a sale to Simon Property Group and Brookfield Asset Management. What do you view as the positives and negatives that Jill Soltau brought to J.C. Penney?
CVS Health Corporation announced yesterday that it has hired Neela Montgomery as executive vice president and president of CVS Pharmacy/Retail, to run the company’s 10,000 drugstores and lead its 190,000 employees across the U.S. What effect do you think Neela Montgomery will have on CVS’s drugstore operations and overall company results?
Rose Marcario, who elevated Patagonia to a new level of environmental activism and success over the last six-and-a-half years, unexpectedly stepped down June 10 as CEO and president. What type of skills should the ideal candidate have to lead Patagonia in the years ahead?
Jamie Iannone, COO for Walmart’s e-commerce business in the U.S., has been named as the new chief executive officer of eBay. How do you think consumers see eBay as a selling platform at this current moment in history?
Gap Inc. didn’t have to look far for a new chief executive to replace its former CEO, Art Peck. The specialty clothing retailer has announced that Sonia Syngal, CEO of Old Navy since 2016, will be the next executive to lead the company. Is Sonia Syngal the right executive to lead Gap Inc. at this time?
Authentic Brands Group, Simon Property Group and Brookfield Property Partners rescued Forever 21. Now, the fast-fashion chain’s new owners have found a chief executive officer in the person of Daniel Kulle, a 20-year veteran of H&M. Is the hiring of Daniel Kulle the right move for Forever 21?
It took more than a year, but sales-challenged and debt-laden J.Crew has a new chief executive officer. The retailer announced that Jan Singer, who most recently served as CEO of Victoria’s Secret Lingerie, will join the company on Feb. 2. What are the biggest challenges you expect Jan Singer to face in her new position?
What a difference 10-and-a-half months make. Less than a year after Gap Inc. announced plans to spin off its Old Navy business as a standalone public company, it has reversed course. What do you think of Gap’s decision to call off its separation from Old Navy?
On Tuesday, Bed Bath & Beyond announced the departure of six members of its executive team. The exits follow the hiring on Nov. 4 of Mark Tritton, Target’s former chief merchandising officer, as CEO. Do you see more pros than cons in a fast versus slow overhaul of senior management when executing a challenging turnaround?
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