Management

GameStop announced Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive, chairman and president effective immediately — and he won’t be collecting a salary. GameStop’s board, with Cohen abstaining, unanimously voted to appoint the entrepreneur as the retailer’s top executive on Wednesday. Cohen had previously held the title…

Rosalind "Roz" Brewer has stepped down as CEO and member of the board at the Walgreens Boots Alliance Inc. (WBA) effective Aug. 31. The decision was a mutual one between Brewer and and WBA, according to a news release. The WBA board has appointed Ginger Graham, the current lead independent director of WBA, as the company’s…

Dick’s Sporting Goods reported a 23 percent drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft. The sporting goods retailer also implemented aggressive markdowns to clear out excess inventory in its outdoor category, reports CNBC. On Tuesday, Dick's announced a “business optimization” plan that includes cutting jobs and streamlining…

Walmart has announced major leadership changes within the company, with Judith McKenna, president and CEO of Walmart International, set to retire after 27 years with the retailer. Effective Sept. 11, Kath McLay will take over as the president and CEO of Walmart International, while Chris Nicholas will assume the role of president and CEO of Sam’s Club U.S., Walmart President and…

Kim Kardashian’s private equity firm, SKKY Partners, has added former senior vice president of Apple Retail Angela Ahrendts as senior operating adviser, according to an Aug. 7 report in The Wall Street Journal. Ahrendts, who is also the former CEO of British luxury fashion house Burberry, will work with Kardashian, her business partner Jay Sammons, and…

CVS is reportedly cutting around 5,000 jobs amid its new focus on healthcare, reports PYMNTS. The cuts are primarily centered around corporate-level positions and aren’t expected to involve jobs at the company’s stores, pharmacies or clinics. News of the layoffs comes six months after CVS announced it was acquiring primary care provider Oak Street Health for $10.6 billion. In recent…

Gap Inc. announced that it has appointed Mattel executive Richard Dickson to become its next CEO. Dickson, the chief operating officer at Mattel, will replace interim CEO Bob Martin on Aug. 22. He will be tasked with overseeing the global portfolio that includes Old Navy, Gap, Banana Republic, and Athleta. The company had been facing a sales slump…

Today’s retailers are faced with a multitude of challenges and transformative initiatives throughout their organizations. Finding the right talent, establishing the right workflow and investing in the right technology are of equal importance in creating the new retail organization. To better define what a successful retail org looks like, we asked three of Columbus Consulting’s…

About 340,000 UPS workers who make up the Teamsters union for the company voted overwhelmingly on Friday to strike if their demands for higher wages, more full-time jobs, increased workplace safety and a ban on forced overtime aren't met by July 31 in a new contract. The current contract between the shipping company and the…

Retail sales rose again in May as consumers continued to spend despite economic challenges, the National Retail Federation (NRF) said last week. NRF’s calculation of retail sales -- which is based on U.S. Census Bureau data but excludes automobile dealers, gasoline stations and restaurants to focus on core retail -- showed overall retail sales in…