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Strategy

  • Target CIO Mike McNamara Talks Tech Transformation

    Mike McNamara, chief information officer and digital office for Target Corp, was among the speakers this week at the National Retail Federation’s annual Big Show in New York City. McNamara described how Target’s technology team is leading the way on transformation.   In the blog post below, which is on Target’s website, McNamara discusses the change he is leading, and some of the exciting technologies he saw at the Big Show: 

  • Specialty apparel retailer to close some stores, restructure

    Another apparel retailer is looking to downsize its store portfolio.   BCBG Max Azria Group plans to close some stores as it turns its focus to licensing, e-commerce and selling through other retailers, Bloomberg reported.     

  • Accenture in tech collaboration with Council of Fashion Designers

    The Council of Fashion Designers of America (CFDA) and Accenture are collaborating to help shape how the fashion industry integrates technology and consumer insights into its business practices.    Combining the creativity within CFDA’s membership with Accenture’s expertise in customer experience, strategy, insights and technology, the two organizations will create talent-development programs for today’s designers and tomorrow’s retailers.  

  • Target exec returns home to Supervalu

    Supervalu has appointed Anne Dament to senior VP of retail, merchandising and marketing, effective immediately.   Dament is a 25-year retail veteran who began her career at Supervalu. She most recently served as senior VP, president of merchandising for Target Corp., where she oversaw food merchandising for its grocery business, including perishables, non-perishables, food service and private-label brands.  

  • Report: Retailers lag in digital transformation

    Nearly half of retailer leaders will be out of business if they don’t transform themselves digitally.   This is according to “Reinventing Retail: Cisco Reveals How Stores Can Surge Ahead on the Digital Transformation Journey,” a study based on data from 200 retail executives from North and South America and regions of Europe. Companies represent brick-and-mortar retailers, e-commerce, apparel manufacturers, food service and other segments of retail.  

  • Target cuts forecast on sluggish holiday sales

    Another retailer is reporting a less-than-stellar holiday.    Target Corp. on Wednesday cut its guidance for the fourth quarter and year on the heels of a 1.3% decline in same-store sales in November and December. (Total sales for the combined month decreased 4.9%, reflecting the impact of the December 2015 sale of the company’s pharmacy and clinic businesses.)  

  • Yankee Candle modernizes front end

    Yankee Candle is all about catering to its customers. A new point-of-sale will help associates further drive this experience.  

  • C-suite tech moves at Nordstrom

    Nordstrom is realigning and streamlining its top technology positions.    The company said that Dan Little, Nordstrom’s chief information officer, plans to retire next fall. Little joined Nordstrom in 2002, as VP, supply chain strategy. He was named to his current position in 2014.  
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