Restoration Hardware co-CEO Carlos Alberini has resigned his post, effective Jan. 31, 2014. He plans to continue serving as a member of the company’s board of directors and will remain a significant shareholder.
Lululemon’s increases in net revenue, gross profit and comparable-store sales beat expectations, but shares slid after the company said it anticipates flat comparable-store sales in the fourth quarter.
Sears Holdings' plan to spin off Lands' End may have gotten all the attention on Friday, but the retailer’s former hometown and outlet stores division shared results showing how it has fared after receiving similar treatment a year earlier.
Genesco, the company behind Lids and Journeys, is the latest company to express concern about the holiday season and lower fourth-quarter expectations after producing a solid third-quarter performance.
Chad Kessler was named chief merchandising and design officer at American Eagle Outfitters after the company reported a big decline in third-quarter profits and said it expects fourth quarter same-store sales to decline.
Eight months into his role as CEO and with a new merchandising organization in place, David Campisi is following a familiar blueprint to reinvigorate the performance of Big Lots — making hard choices to streamline operations, implementing new merchandising strategies and lowering near-term expectations.
Walmart International president and CEO Doug McMillon isn’t due to replace current Wal-Mart Stores president and CEO Mike Duke until February, but when he does the most pressing matter on a long list of priorities will be executing the company’s digital vision.
With the holiday shopping season underway and many retailers bracing for stiff competition, Kohl’s plans on keeping its doors open for more than 100 hours, from 6 a.m. Friday, Dec. 20 through 6 p.m. Christmas Eve, Tuesday, Dec. 24.