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Department Store

  • Study: Retailers behind in EMV, does it matter?

    Many retailers are lagging in their EMV adoption efforts, and many consumers may not care that much.

  • Ross Dress for Less expands in Virginia

    Ross Dress for Less opened a new store in Woodbridge, Virginia, on March 5.

    The 25,000=sq.-ft. store is located in Prince William Square, on the northwest corner of Smoketown Road and Gideon Drive, 20 miles southwest of Washington, D.C.

    The opening is part of Ross’ 2016 expansion program, totaling about 70 new locations during the year.

  • Sears Holdings names new chief administrative officer

    Sears Holdings has named an expert in digital transformation to fill the newly created role of chief administrative officer.

    The company has named James P. Andrew to fill the new position, which will be responsible for the company's corporate support functions, including financial planning and analysis, business finance, procurement, legal, and human resources.

  • Sears Holdings hires turnaround specialist as chief administrative officer

    Sears Holdings announced Monday that James Andrew has joined the company in the new role of chief administrative officer. In this position he will be responsible for the company's corporate support functions, including financial planning and analysis, business finance, procurement, legal and human resources.

  • Evaluating Retail Technology ROI

    The retail industry is abound with digital innovation, with brick-and-mortar stores rapidly adopting retail technology tools, services and gadgets in order to become a more relevant part of the consumer’s day. Emerging retail technologies are poised to make a splash among retailers in 2016, but not all serve the same purpose.

  • Macy’s sells San Diego store to Westfield Corp.—and then leases it back

    Mall owner Westfield Corp. has acquired two buildings owned by Macy’s at Westfield Mission Valley mall in San Diego for approximately $16.5 million.

    Included in the sale were a full-line Macy’s department store and a nearby — and much smaller — building that houses a restaurant.

    The purchase comes as the retailer remains under pressure from an activist investor to sell off full or partial stakes in some of its real estate.

  • Ex-Walmart, Sears exec joins Conn's board

    Conn's is adding two independent directors with deep retail expertise to its board.

    The company announced that James Haworth and Oded Shein have been appointed as independent directors.

    “Jim and Oded are proven leaders with more than a half century of combined retail experience,” said Theodore M. Wright, non-executive chairman of the board, Conn’s. “They add even greater depth to our Board as we continue implementing Conn’s strategic plan.”

  • Retail CFOs: The Chief Executive’s New Consigliore

    With the retail environment changing so rapidly today, and technology impacting everything a store does, the role of the chief financial officer has become more important than ever. When I started recruiting in 1990, the business was much simpler — we hired retail executives based on a linear skillset and departments operated in individual silos. Today, it is much more complex, as the C-suite works in collaboration to keep up with an increasingly savvy consumer.

    So, what then do you look for in a CFO today?

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