Strategy

CEO Brian Cornell isn't done retooling the executive leadership team at Target Corp.: The retailer now has a new COO and CFO.

Target has promoted current CFO John Mulligan to the newly created role of executive vice president and chief operating officer, effective Sept. 1. Mulligan will assume oversight of stores, supply chain and properties. Joining Target as executive vice president and chief financial officer will be Cathy Smith, a seasoned retail business leader. Both Mulligan and Smith will report to Cornell.

Seattle – Jeff Bezos, CEO and founder of Amazon.com, is reportedly blasting an article in the New York Times that accuses the retailer of having a ruthless and even abusive workplace culture. According to CNBC, in an internal memo (excerpt below), the article is inaccurate and goes beyond “isolated anecdotes.”

As technology for LED lighting continues to improve, it is expected that LED lighting -- which is more energy efficient, lasts longer and has a significantly lower cost of operation -- will completely replace traditional fluorescent and HID lighting technologies. The LED lighting market is anticipated to grow 45% per year though 2020, and is expected to reach a market size of over $60 billion dollars.

“Now Trending” is an exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

For many, the concept of an outlet mall is associated with not only appealing deals on name-brand products, but also with driving long distances to get to the far-flung locations where outlets have traditionally been located.
 

Bexley, Ohio -- Stanbery Development said it has named former Jos. A. Bank exec Stephen E. Gallant as director of construction and tenant coordination as it returns to active development of shopping centers. Gallant's experience includes responsibility for numerous retail design concepts as well as associated rollouts of new stores ranging from 850 sq. ft. to 250,000 sq. ft. Most recently, Gallant managed real estate portfolios and retail tenant construction projects for Skye Group and The Stanchion Group, respectively. As VP of facilities management for Jos. A.

The CEO of Amazon.com is hitting back against an article in the New York Times over the weekend that accuses the retailer of having a ruthless and even abusive workplace culture.

According to CNBC, an internal memo (excerpt below) from CEO Jeff Bezos being circulated at Amazon.com calls the article inaccurate and beyond “isolated anecdotes.” Bezos also made the rounds on newspaper websites and on cable TV lambasting the Times article as "not the Amazon" he knows.

Englewood, Colo. – Home shopping retailer QVC is expanding its omnichannel reach. QVC parent company Liberty Interactive Corp. is purchasing struggling online retailer Zulily Inc. for $2.4 billion in cash and stock.

Sidney, Neb. – Cabela’s Inc. is reorganizing its merchandising team with the transition of executive VP/chief merchandising officer Brian J. Linneman to the role of strategic advisor, effective Aug. 31. As part of this change, the company is promoting Scott K. Williams to executive VP and chief commercial officer, merchandising, along with marketing, e-commerce, real estate, and strategy.

Roger Verhulst, senior VP of merchandising, will continue to lead the merchandising teams and report directly to Williams.