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Strategy

  • Starbucks taps former Sam's Club CEO as No.2 executive

    Starbucks Corp. has named a former Walmart executive as its next COO.   The coffee giant appointed Rosalind Brewer as group president and COO, effective Oct. 2. She is the first woman, and first African American, to hold such a high post at Starbucks.  

  • Office supplies giant improves visibility across its supply chain

    Office Depot is positioning itself to remove friction throughout its customers’ shopping experiences.    The office supplies giant is partnering with Elementum, which provides a real-time supply chain platform that unifies procurement, logistics, manufacturing and inventory operations. By leveraging the company’s cloud-based Product Graph solution, Office Depot will gain global visibility across every segment of its business operations.  

  • GNC taps Rite Aid chief as CEO

    Ken Martindale has stepped down as chief executive of Rite Aid Stores to take the reins of the struggling GNC Holdings.   The specialty retailer of vitamins and supplements on Wednesday announced that Ken Martindale would succeed GNC interim CEO Bob Moran, effective Sept. 11. As part of the transition, Moran will become chairman, replacing Michael F. Hines, who will remain on the board.   

  • Gap Inc. shifting focus—and store footprint—to two brands

    Gap Inc. is shifting its emphasis to its two best-performing brands — and realigning its store portfolio to reflect its new emphasis.   

  • Toys 'R' Us hires firm to help it explore options

    Toys "R" Us' debt may have finally caught up with it.    With $400 million in debt coming due in 2018, Toys "R" Us is bringing in advisors to help the retailer weigh its options, which could include filing for bankruptcy protection. The nation's largest specialty toy retailer has hired Kirkland & Ellis, a law firm that specializes in corporate restructurings.   

  • Abercrombie & Fitch names CFO

    It's a homecoming for Abercrombie & Fitch Co.'s next finance head.   The teen apparel retailer appointed Scott D. Lipesky as senior VP and CFO, effective October 2, 2017. Lipesky most recently served as CFO of American Signature Inc., a privately-held home furnishings company. Prior to that, he spent nine years with Abercrombie in a variety of finance roles, most recently as CFO of Hollister Co.  

  • Home Depot adds ‘voice-activated’ shopping to the mix

    The nation's largest home improvement retailer is getting in on the voice shopping game.   Home Depot is joining Google Express this fall, a move that will give its customers the ability to shop just by speaking their orders. Google Assistant, the search giant's online shopping platform, resides on Google’s smart speaker Google Home and other smart devices.   

  • Discount giant steps up cloud and AI initiatives

    Walmart is making a bold move as it continues to seek out ways to distance itself from Amazon.   The discount giant is investing in Nvidia chips. These high-level graphical processing units (GPUs) will be the foundation of a robust cloud network where Walmart data scientists can build out AI systems, reported Geek Wire.  
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