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Strategy

  • The Wet Seal in cost-cutting mode, announces headcount reductions

    Foothill Ranch, Calif. -- The Wet Seal announced a workforce reduction resulting in the elimination of a combination of 78 filled and open positions, including  66 positions at the company’s corporate office, or a 24% reduction in headcount, and 12 positions at the field management level, representing a 20% decrease. The cuts are the first steps in the retailer’s initiative to reduce its overall cost structure.   

  • Ulta adds finance expertise to board

    Leading cosmetics retailer Ulta Beauty named veteran financial industry executive Michelle Collins to its board.

  • Ulta Beauty names finance exec to board

    Boilingbrook, Ill. -- Ulta Beauty has named Michelle Collins, president of Cambium LLC, a business and financial advisory firm to its board of directors, and as a member of its nominating and corporate governance and audit committees, effective Oct. 13, 2014.   

  • Tool company extends longest streak in retail

    Plenty of retailers pay dividends, but none comes close to matching the track record of Stanley Black & Decker.

    The company declared a 52 cent a share dividend for its fourth quarter and in so doing set a mark no retailer is likely to ever attain.

  • Survey: Two in three Americans limit spending

    New York -- Two-thirds of Americans are limiting how much they spend each month. According to a new Bankrate.com report, of those limiting their monthly spending, 32% cite stagnant income as the main reason and 29% cite the need to save more.   

  • Signet Jewelers CEO resigns; names COO Mark Light as new chief

    Hamilton, Bermuda –- In a surprise announcement, Signet Jewelers Ltd., the largest jewelry retailer in the U.S., U.K. and Canada, said that its president and COO, Mark Light,  will take over as CEO on Nov. 1. He will replace Signet’s current chief, Michael Barnes, who is resigning from his position and from Signet's board of directors to "pursue opportunities closer to his home in Dallas," effective Oct. 31.  

  • Commentary: Mixed-Use Master Minds

    Sophisticated—and highly detailed—master plans are an increasingly important piece of the planning process.   By Roy Higgs   With mixed-use development (and redevelopment) a continued trend, complex multi-stage projects are an increasingly common feature on the civic landscape of towns and cities across the country. Consequently, many planning authorities are asking for (and, in some cases, demanding) much more than just basic sketch plans before signing off on a project.

  • Gap to outdo Walmart in holiday hires; plans Holiday Hiring Blitz events nationwide

    San Francisco -- Gap Inc. plans to hire more than 63,000 seasonal associates—more than Walmart—at its stores, call centers and distribution centers nationwide for the 2014 holiday season. (Walmart previously announced it was hiring 60,000 seasonal associates.)  
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