Posted by Mark J. Miller on June 20, 2013 02:39 PM
Men's Wearhouse founder George Zimmer may have been able to guarantee the way you'd look in his suits, but that same comfort didn't extend to his own job. In fact, Men’s Wearhouse tossed the 64-year-old Zimmer out the door Wednesday after he spent 40 years building the brand, starting with the first location that he opened with his college roommates.
No reason was given for the ouster but analysts suggested to The New York Times “that the conflict might be over the company’s efforts to appeal to younger customers, who could have been hampered by Mr. Zimmer’s continued presence in ads.” A person familiar with the matter told Bloomberg that Zimmer, who still owns about 3.5 percent of the company’s shares, and his handpicked CEO, Doug Ewert, have had “repeated clashes” about buying back shares and selling off apparel chain K&G.Continue reading...
Posted by Alicia Ciccone on June 14, 2013 04:38 PM
We thought it was a cute move by Lululemon when we spotted this "We're Hiring" image posted on its Facebook page. After all, the cult-like brand takes a lot of inspiration from its yogi "guests" so it's not a stretch for them to casually (and jokingly) crowdsource a new CEO. But, as it turns out, the brand is quite serious. It's hiring, and if you think you've got the chops, it wants you to apply.Continue reading...
Posted by Abe Sauer on May 28, 2013 11:57 PM
Apple is the mine's canary. That's the takeaway from a recent press conference in China where the head of corporate sustainability for China tech giant Huawei told reporters that, unlike Apple, it will "learn from the issues that Apple has faced in China" and "never let supplier issues tarnish our brand.”
Whether Huawei means to "learn" from Apple or just copy it, the brand that has been singled out for a beating in the last few years over everything from China labor issues to tax avoidance has come under fire for a failure to innovate. But those critics all have tunnel-vision for Apple's electronics products.
What about innovating its "cultural product"? What if buying a iPhone 6 meant buying a better future? That just might be what Apple's aiming for with its latest high-profile hire. (Plus, the one better future we already have with Jackson's addition.) Continue reading...
Posted by Dale Buss on May 17, 2013 06:40 PM
There can be a lot of stress associated with working at Walmart these days: Financial results aren't improving, and there are a lot of haters, such as critics of the chain's strategy for improving working conditions at factories in Bangladesh that supply Walmart garments.
Good thing that Walmart employees have a new way to engage themselves more productively in their work: "gamification." In a move that echoes what other major employers are doing, the nation's largest retailer is working with a Boston-based marketing and consulting organization to improve more of its internal processes by lending them a digital-gaming aspect. In turn, greater "employee engagement" is supposed to lead to improving the experiences of Walmart customers.
Walmart executive Kurt Templeton, director of workforce planning, and executives of Inward Strategic Consulting were presenting their findings on the effectiveness of gamification at a Conference Board gathering this week in Chicago.Continue reading...
Posted by Dale Buss on April 25, 2013 05:02 PM
It’s been a long time since IBM was the safe default option for any company purchasing computer hardware or software. When Virginia "Ginni" Rometty was promoted to CEO 16 months ago, her charge was to put the once-indominable business services giant back onto a smoother path in a world that has been invaded by the likes of Apple, smartphones, apps and the cloud.
There’s just one big problem, Rometty recently told IBM’s 434,000 employees in a five-minute internal video message: Them.
All employees at IBM were told by their leader to "step up" by working faster and better, so that they more proactively and productively engage customers and stop letting potential deals slip away.
“Where we haven’t transformed rapidly enough, we struggled,” Rometty said in the video published on the internal IBM website and reviewed by the Wall Street Journal. “We have to step up with that and deal with that, and that is on all levels.”Continue reading...
Posted by Dale Buss on June 21, 2012 06:05 PM
Audi of America gets all its vehicles from Germany, so the U.S. arm's contribution to the sales success of Audi AG depends in large part on how well it markets an increasingly renowned product line. Partially in recognition of how he helped make Audi one of the hottest brands in the U.S. luxury segment, Audi of America's CMO, Scott Keogh, became its new CEO this week.
The company announced Keogh's ascension within a few weeks of the news of the sudden departure of Johan de Nysschen, Audi of America's CEO for eight years. De Nysschen left suddenly for a position of global oversight of Infiniti, the Nissan-owned luxury brand, that is looking for more sales worldwide — and has targeted Audi customers for some of them.
At the same time, Keogh has had a less-recognized role in setting Audi's product strategy for the increasingly important U.S. market.Continue reading...
Posted by Dale Buss on June 4, 2012 05:33 PM
Auto-industry observers didn't have to wait long to find out what Johan de Nysschen was going to do after announcing on Friday that he was leaving the helm of Audi of America for another job, following a stellar six years of advancing the cause of the German premium brand in the U.S. market.
Today, Nissan announced that De Nysschen will become SVP of the Infiniti luxury brand worldwide. The 52-year-old De Nysschen will assume the post on July 1st and will be based at Infiniti's new global headquarters in Hong Kong.
"We have exciting and ambitious plans for improving the Infiniti brand including introducing new models in all markets where premium customer demand exists," stated De Nysschen's new boss, Nissan EVP Andy Palmer. The choice of De Nysschen to head the Infiniti brand is a savvy move.
Nissan's luxury marque has been faring OK over the last few years and got through the supply disruptions of last year in better shape than Toyota's Lexus or Honda's Acura brands. Infiniti introduced the new JX seven-passenger SUV this year, which has gotten off to a solid start, and Inifniti sales overall in the U.S. market are about 7 percent above a year earlier.Continue reading...
social media watch
Posted by Sheila Shayon on May 24, 2012 04:01 PM
IBM’s new study of 1709 global CEOs in 64 countries and 18 industries shows top executives and brand leaders are embracing openness, transparency and employee empowerment over the traditional command-and-control ethos that has defined the corporation for the last 100 years.
While just 16% of C-suite occupants surveyed actively participate in social media, adding or replacing email and phone usage, that number is projected to increase to 57% by 2017.
“As CEOs ratchet up the level of openness within their organizations, they are developing collaborative environments where employees are encouraged to speak up, exercise personal initiative, connect with fellow collaborators, and innovate,” the study concludes.Continue reading...