As a prelude to the upcoming World Retail Congress in London (September 19- 21), five retail leaders who will be speaking at the event participated in the following Q&A:
Margin squeezes and flagging same-store sales hurt Abercrombie & Fitch Co.’s fourth quarter profit dropped nearly 80% drop, to $19.6 million from $92.6 million a year earlier, amid margin squeezes and flat same-store sales.
Carrefour, the second largest retailer in the world after Wal-Mart Stores, has selected French retailing veteran Georges Plassat, 62, as its next CEO and chairman.
J.C. Penney Co. on Monday detailed the timeline of its upcoming change in executive management with the news that current CEO and chairman Myron “Mike” Ullman will leave the company and the board in February 2012 after a three-month transition period during which he will hand over the reins in full to his successor, Apple retail guru Ron Johnson.
Kroger Co. CEO and chairman David Dillon saw his pay fell again as the chain's sales and profit growth fell below tough targets amid continuing economic instability.
New concepts remain the lifeblood of retail. A child- and mom-friendly apparel specialty store, two Canadian imports, an iconic 102-year-old brand and a Polish cosmetics giant are among the latest companies looking to make their mark on the nation’s retail scene. The five up-and-comers are profiled here.