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Retail

  • JDA Software announces departure of CEO Hamish Brewer; names interim chief

    Scottsdale, Ariz. -- JDA Software Group, a leading provider of supply chain, manufacturing planning, retail planning, store operations and collaborative category management solutions, announced that CEO Hamish Brewer is leaving the company. Baljit (Bal) Dail, a technology executive who has served as JDA’s chairman since May 2013, has been named interim CEO, effective immediately. Dail will lead the search for a permanent successor.
     

  • April sales flat

    Washington, D.C. - Retail sales rose ever so slightly in April, putting a damper on hopes of a sharp uptick in economic growth in the second quarter. According to the U.S. Commerce Department, retail sales, which include categories such as automobiles, gasoline stations and restaurants, rose 0.1% in April, following a revised 1.5% increase in March that ranked as the biggest since March 2010.

  • Abercrombie CEO pay drops 72% on falling profits

    New Albany, Ohio -- Abercrombie & Fitch Co. CEO Michael Jeffries saw his pay shrink 72% in 2013, according to a filing by the company on Tuesday.

    The teen retailer has recorded declining sales and profits, and Jeffries has come under fire. His total compensation last year was $2.24 million, down from $8.16 million in the previous year and $48.1 million in Abercrombie’s fiscal 2011. He was paid more than $20 million a year in the three years before that, according to the report.  

  • Report: Kohl's CEO planning a management shakeup

    Menomonee Falls, Wis. -- Kohl’s Corp. CEO Kevin Mansell is said to be seeking a new chief merchandising officer who would be next in line to take the CEO reins.

    A report by the Wall Street Journal, citing unnamed sources, suggested that Mansell is scouting for a new chief merchant to not only take the merchandising lead for the discount department store chain but also to serve as the key player in a potential succession plan. The chief merchant slot has been vacant since the departure of Donald Brennan last March.

  • Coffee Bean & Tea Leaf names CFO; VP operations

    Los Angeles -- The Coffee Bean & Tea Leaf has named Karen Cate as CFO and Jeff Schroeder as VP operations.

    Cate most recently served as the VP controller of Trader Joe's Company, where she was responsible for the integrity of financial processes and reporting for the retail grocery store, warehouses, and distribution operations.

    Schroeder brings more than 30 years of experience with large multi-unit operations in the restaurant industry. He most recently served as VP brewery restaurants for Karl Strauss Brewing Company.

  • Study: Contactless card shipments grow

    Munich, Germany - Contactless payment card shipments accelerated globally in 2013. According to figures released by the Smart Payment Association (SPA), contactless technologies were present on 37% of all smart payment cards shipped in 2013.

    By far the greatest increase was experienced in the Asia Pacific region, where contactless shipments grew by 193%, compared to 2012. Other regions around the globe experienced strong growth rates, ranging from 45% in the Americas to 64% in Western Europe.

  • CST Brands plans 38 new stores

    San Antonio – Convenience store operator CST Brands plans to open 38 new stores in North America during fiscal 2014. That includes 30 new stores in the U.S. and eight in Canada.

  • Macys.com improves customer insight with SAP analytics

    New York - Macys.com has successfully deployed the SAP InfiniteInsight solution to help better understand customer buying behavior and optimize email and website marketing campaigns. The company had a number of variables to understand when it came to understanding likelihood of a customer to spend in a certain product category.

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