Leadership and Human resources play a key role in the retail industry and always are updating it's departments. Just about a month and a half ago, Wal-Mart Canada is the latest major retailer to install a new leader and gave the position to Shelley Broader who is a seasoned merchant. She replaced a man who was CEO of the regional team. She is planning new things for the company.
It is said that management in the retail industry is usually consisted of individuals who gain positions without attempting to, starting at the bottom and moving their way up.
Another news story is J.C. Penney is working and changing management. Penneys wants to bring in a new figure who is now in a chief position elsewhere and has worked prior to this for Apple Retail in 2000. He is now taken the job and will start working at the start of December.J.C. Penney is now stealing other high positioned managers and recently took the former Target Corp. marketer Michael Francis. The team is getting better for J.C. Penney at the cost of other companies.
The leaders at J.C. Penney explain that brands are important and these new leaders here are working with exclusive lines of designer goods. One of the Apple leaders now on the team with Penneys has built the Apple retail network. He did a great job so it expected that now with his position at J.C. Penney he will be doing wonders for them as well.
J.C. Penney has recently uncovered a line that is extremely popular, now moving into their store. Liz Claiborne and brands like Sephora are now building mini stores within J.C. Penney stores to sell goods. This was done by the former Chief executive. Clearly, as we see already, management and current events coincide and are booming at all times within various companies.
Mattioli, D. New Penney CEO is Tapping Former Apple Co-Workers. "The Wall Street Journal." November 10, 2011.
Strauss, M. Wal-Mart Names New Leader, Braces for Retail Battle. "The Global and Mail" Oct. 11 2011.
I was really interested reading Falen's post to hear about management people switching over from one company to the next. The line where she says that the team at JC Penny is getting better at the expense of other companies really stuck out to me. It's interesting how someone on the management team can so easily leave a company they have worked at and built up for years. I'm sure money was a factor and there are possible other ones like location and benefits, and it would be interesting to see what was the deciding factor that made that person switch jobs. She makes another great poinr mentioning how JC Penny is really investing in improving their compnay, not just through management, but through brands as well. By introducing brnads like Liz Claiborne and Sephora into their store, customers familiar with those brands will be more likely to shop there. I know there is no Sephora store anywhere close to where I live, so if I know JC Penny offers Sephora products, I will definitely go there to purchase them. Great job, Falen!
ReplyDeleteFalen,
ReplyDeleteAs we have learn throughout the semester, businesses depend a lot on their management team. I agree with you and I think that companies like J.C Penney's and Wal-Mart are doing a great job by hiring managers that have experience in other businesses and that have the motivation to make a difference in these companies. As I mentioned in my post, manager's ability to find, understand and fill consumer needs has been the key to success. I think that hiring this experienced managers is a really great move for this businesses because they will provide a completely different approach and they will bring innovation and success to the company.
Good Job
Carlos