Strategy

Petco is making several changes to its leadership team as the retailer focuses on key omnichannel initiatives.

The pet specialty retailer announced that CEO Jim Myers will also be taking on the role of chairman, Brad Weston has been named president, Steve Lossing has been named senior vice president of operations, and Rebecca Frechette has been named senior vice president in charge of merchandising.

New Albany, Ohio – Specialty chain Abercrombie & Fitch Inc. tries to stay on the edge of cool, and has reportedly decided that on-call shifts are no longer what the cool retailers are doing. According to the Associated Press, Abercrombie will end its requirement for employees in New York stores to be available for short-notice shifts by the end of the year.

Morrisville, N.C. — While specialty jewelry retailer Charles & Colvard Inc. saw sales decline and many expenses rise in the second quarter of fiscal 2015, a sharp decrease in income tax expense allowed the retailer to reduce net loss to $4.05 million from $6.19 million in the prior-year period.

Net sales declined 5% to $7.48 million from $7.84 million.

Off-price shop Stein Mart's strategy of just the right product, at just the right price, at just the right time seems to be working as the retailer reported another quarterly increase in same store sales.

Stein Mart Inc. reported rising total sales in the second quarter ended Aug. 1. Total sales for the quarter rose 4% to $311.6 million, from $298.1 million. Same store sales for the quarter rose 3%.

Batavia, Ill. – Aldi wants you – if you are someone looking for a store-level retail job.

The rapidly growing discount supermarket retailer will host hiring events throughout the U.S. during the month of August for more than 2,500 positions.

The CEO of hhgregg says his company is off to a “solid start” despite first quarter numbers that clearly show otherwise.

The retailer reported that for the first quarter ended June 30, net sales decreased 6.6% to $441.1 million compared to prior year first quarter. Same store sales decreased 6.3% compared to the prior year first quarter. Revenue for the quarter came in at $441.1 million versus the consensus estimate of $445.99 million. And net loss per diluted share was $0.32 versus net loss per diluted share of $0.36 in the prior year first quarter. 

New York -- Sycamore Partners is rocking.

Hangzhou, China – The apparel selection on Alibaba Group’s Tmall.com third-party marketplace is getting a lot bigger.

Tmall has formed strategic partnerships with more than 160 brands from 110 global apparel chains.  It will work with apparel brands in areas of new product launches, online-to-offline initiatives, data-driven operations, digital marketing campaigns and other services to enhance consumer shopping experiences.