Retail Roundup—Neiman Marcus seeks new CEO, Pier 1 picks up CFO from Bon-Ton

Pier1 Imports
Pier 1 hires new CFO Nancy Walsh.

Macy's adds 7 stores to closure list

Macy's has added seven new stores to its list of closures, affecting 5,000 jobs. The news comes after solid holiday results, a 3.4% increase from the previous year, but the chain is bracing for a tumultuous retail climate ahead. (USA Today)

Neiman Marcus to pick new CEO

Neiman Marcus CEO Karen Katz is stepping down from the position she has held for seven years and will be replaced by an outsider. The company, which has been struggling with nearly $5 billion in debt since its leveraged buyout in 2013, has been looking for a new leader for some time. (Reuters)

Costco sales up 14% in December

Costco reported a 14.3% increase in sales for December, bringing in almost $15 billion for the month. And even looking at the club's first 17 weeks of fiscal year 2018, Costco is off to a great start, with an almost 12% increase compared to the same period in the previous year. (Globe Newswire)

Pier 1 hires CFO from Bon-Ton

Nancy Walsh has been named executive vice president and CFO of Pier 1, effective Jan. 25. Walsh previously held the same position at The Bon-Ton Stores for two years and has also worked for Tapestry and Coach. (Seeking Alpha)

Suggested Articles

Costco changes up its menu items, and Alibaba and Guess partner for a physical store.

Janey Whiteside, Walmart's new chief customer officer, is well acquainted with the importance of customer service in modern retail.

Whole Foods will offer deals on Amazon's Prime Day, and tariffs against China are causing pricing hikes.