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Dollar General CEO to Retire, COO Named as Successor

Retail TouchPoints

In 2013, prior to his appointment as CEO, Vasos served as COO. He began his career with the company as a store manager trainee in Nashville, Tenn. and worked his way through the ranks, eventually serving in roles such as Senior Director of Operations and Process Improvement, Retail Division Manager and EVP of Store Operations.

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Burlington Doubles Store Total Target to 2,000, Plans 75 Net New Locations for 2021

Retail TouchPoints

Burlington Stores has doubled its long-term store footprint target to 2,000 stores, up from the 1,000 -store target established when the company launched its IPO in 2013. Another key efficiency driver will be a reduction in store size to improve store-level productivity, said O’Sullivan on that call.

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Ancora Holdings Calls for New Kohl’s CEO and Chairperson Following Rejected Acquisition Offers

Retail TouchPoints

Ancora cited Kohl’s repeated rejection of acquisition offers, including from Sycamore Partners and Acacia Research in February 2022 and Franchise Group in July 2022, as part of the need for new management. The activist investor expressed concern that Kohl’s will be unable to manage a true turnaround. The fact is that Ms.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

This article delves into the evolving threat landscape, examining the impact of these disruptions on retail operations and exploring proactive measures for safeguarding businesses, customer data and reputations. She has worked with several global companies focusing on risk management strategy. Mary’s College of California.

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Beyond the Borders – How Retailers are Shifting Gears to Diversify  

Retail TouchPoints

Collaboration is the new competition; it was back in 2013 that Harvard Business Review used this sentence to headline an article on how to drive large-scale social change through collaboration. Almost a decade later, the term is absolutely still valid when it comes to defining the status quo in the retail industry.

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In Push for a Turnaround at Kohl’s, Investor Group Nominates Nine Board Directors

Retail TouchPoints

Macellum Advisors GP , Ancora Holdings , Legion Partners Asset Management and 4010 Capital, together with their respective affiliates, are pushing the plan. Kohl’s announced a “Greatness Agenda” in 2013, which called for $21 billion in sales and $1.9 billion in operating profit by 2017.

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Top Risks For Retail Businesses In 2021 (And in The Next Decade)

Retail TouchPoints

For instance, back in 2013, hackers stole data from over 40 million debit and credit cards from retail giant Target. Key takeaway: Retailers need to manage the risks associated with social media and ensure they implement the best practices in their digital communications. This has led to over $18.5 Increased competition from Amazon.