Ceo, Retailer | featured news

Sears Didn't Move Fast Enough, CEO Says

Sears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting.

 

Ron Johnson Out as J.C. Penney Chief

J.C. Penney

After a troublesome, 17-month run, Ron Johnson is out as chief executive of J.C. Penney, and with that, the most closely watched revival effort in retail in recent memory is in danger of disintegrating.

 

Of Course Costco Supports A Higher Minimum Wage: It Already Pays Above It

This isn't the most remarkable business statement ever. In fact, Costco coming out in support of a higher minimum wage is one of the more unsurprising ones. For Costco already pays well above minimum wage anyway. The only people who could be hurt by the rise are Costco's competitors. Costco Wholesale Corp. President and CEO Craig Jelinek is putting his name and company in the forefront of the latest drive to increase the federal minimum wage.

 

Sears CEO Must Again Fix Kmart

As Eddie Lampert takes over as Sears Holdings CEO, he again faces the task of fixing Kmart.

 

RadioShack CEO Gooch steps down

RadioShack

RadioShack CEO James Gooch has agreed to step down immediately and is leaving its board of directors, the struggling consumer electronics company said Wednesday.

 

Best Buy names CEO; founder still eying company

Hubert Joly

U.S. electronics chain Best Buy Co Inc named Hubert Joly, the former head of hospitality and travel company Carlson, as its new chief executive on Monday, hoping to tap the French businessman's acumen in turning around ailing businesses.

 

Michaels CEO Resigns to Focus on Recovery

Michaels Stores said John Menzer has resigned as CEO in order to focus on his recovery from a stroke he suffered in April.

 

Struggling J.C. Penney fires its president

J.C. Penny

J.C. Penney Co.’s transformation team started to unravel on Monday. Penney president Michael Francis was fired after only eight months as the No. 2 executive at the Plano-based department store chain. Francis’ abrupt departure appears to be another corrective step from CEO Ron Johnson, who recently acknowledged that Penney’s marketing message has confused shoppers.

 

Amazon CEO Gets $1.68 Million

Amazon founder and CEO Jeffrey Bezos received $1.68 million in total compensation for 2011, the same as in the prior year.

 

Brian Dunn resigns as Best Buy CEO

Brian Dunn

Twin Cities-based Best Buy said Tuesday that its CEO, Brian Dunn, has resigned. The electronics company said in a statement that Dunn's departure was in "mutual agreement that it was time for new leadership to address the challenges that face the company."

 

Subscribe to this RSS topic: Syndicate content