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Top related persons:
Kathy Gersch - 2 ” - 2 Andrew Kelly - 1 Nordstrom - 1 Erik Nordstrom - 1 Macy's - 1 Nordstrom's - 1 Prosper - 1
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Kotter - 2 New York Stock Exchange - 1 REUTERS - 1 Nordstrom - 1 U.S . - 1 Target - 1 Walmart - 1 Nordstrom . Consulting - 1

Search resuls for: "Kathy Gersch"


2 mentions found


☆ Will Macy’s, Nordstrom merchandise overhauls lure shoppers?
  + stars: | 2023-08-21 | by ( Katherine Masters | ) www.reuters.com   time to read: +4 min
In an effort to boost sales, Macy's - which reports second-quarter results on Tuesday - has focused on revamping its private brands, including its new On 34th label launched in July. Analysts expect Macy's to post a 87% slide in second-quarter profit, dragged down by heavy discounting to clear spring and early summer merchandise, according to Refinitiv. Thirteen percent answered Walmart and 9% answered Amazon, compared to 5.8% for Macy's and 3.3% for Nordstrom. Nordstrom so far has disclosed few specifics about the new merchandise intended to revive the Rack, including the brands and categories it plans to prioritize. On Monday, Rack’s website was advertising brands including Kate Spade, Adidas, Steve Madden and Cole Haan.
Persons: Andrew Kelly, Nordstrom, Erik Nordstrom, Macy's, Nordstrom's, Prosper, Macy’s, Kathy Gersch, ”, Kate Spade, Steve Madden, Cole Haan, Katherine Masters, Granth Vanaik, Savyata Mishra, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Nordstrom, U.S ., Target, Walmart, Nordstrom . Consulting, Deloitte, Private, Kotter, Adidas, Thomson Locations: Manhattan , New York City, U.S, New York, Bengaluru
☆ In Retail’s Top Echelons, Female C.E.O.s Lose a Bit of Ground
  + stars: | 2023-08-14 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com   time to read: +2 min
“It reminds me of the Barbie movie,” said Kimberly Lee Minor, who is the chief executive of the consulting firm Bumbershoot and has been working in the retail industry for 30 years. Of the 86 retail companies in the Fortune 1000, 13 had a woman as chief executive as of July 2023, down slightly from the year before, according to the executive recruiting firm Heidrick & Struggles. Retail executives have long been quick to note that purchases are largely driven by women, who make most of the spending decisions for their households. Seventy-two percent of cashiers are women, and about half of retail salespersons are women, according to data from the Bureau of Labor Statistics. That tends to perpetuate previous hiring decisions and lead to companies seeking those with experience leading a turnaround.
Persons: ”, Kimberly Lee Minor, Bumbershoot, “, haven’t, Kathy Gersch Organizations: Fortune, Retail, Bureau of Labor Statistics, Kotter Locations: U.S
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