Finance & Capital Management

Philadelphia -- PREIT announced that Ron Rubin will step down as the company's executive chairman, a role he's held since 2012, effective June 7, 2016. Rubin will continue in his role as chairman of the board.

Macy’s said warm weather took a huge toll on holiday sales, which were much worse than expected, prompting the company to announce major cost-cutting moves.

Macy’s lowered the ax on Wednesday, announcing major cost-cutting moves on the heels of holiday sales that were much worse than expected.

Online accessories retailer eBags continues to build out its senior leadership team with the newest hire filling the roles of CFO and COO.

For the retailing industry, 2015 was another year of seismic shifts as merchants continued to keep pace with the evolving digital landscape. It was also a busy year of executive comings and goings. Here is my pick of industry executives — all new to their positions — to keep an eye on in 2016.

From its artisan-looking shops and grocery-styled product displays to its ethical sourcing and activist ethos, Lush Fresh Handmade Cosmetics has always marched to the beat of a different drummer.

At a time when many retailers are cutting back on store expansion, Soft Surroundings is doing just the opposite, growing its retail footprint with a prototype that brings its brand experience to life. The women’s lifestyle brand, founded in 1998 as a catalog retailer, opened its first store in 2005. But it’s only been in the past couple of years that Soft Surroundings, which also has a thriving online business, has made a big push into brick-and-mortar. (In summer 2013, private equity firm Brentwood Associates took a majority interest — 55% — in the firm.)

With the retail industry continuing to face abundant legislative challenges, the Retail Industry Leaders Association has made two key hires to bolster lobbying efforts during what promises to be a year of highly contentious presidential politics.