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COO Reset
Omnichannel environment places evolving demands, challenges on C-suite executives
The transformation of retail from brick and mortar into a digital omnichannel environment has caused an evolution in certain key roles in the C-suite.
Antony Karabus, CEO of HRC Retail Advisory, spoke with Chain Store Age about how the key role of the chief operating officer is evolving to enhance the transformation of retail companies in today’s more complex environment.
What is the typical scope of responsibilities of a retail COO?
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Off-pricer tops earnings expectations
The off-price segment continues to be one of the brightest spots in brick-and-mortar retail. Ross Stores on Tuesday reported earnings per share for the fourth quarter ended January 28, 2017 of $.77, up 17% from the prior year, on net earnings that rose 14% to a better-than-expected $301 million. But the retailer offered a cautious outlook amid economic and industry challenges. Ross’ sales quarter grew 8% to $3.5 billion. Same-store sales increased 4%.