Kirkland’s President/CEO Resigns

Kirkland’s President, CEO and Director W. Michael Madden has resigned, effective immediately. Michael B. Cairnes, EVP and COO, was named Acting CEO while the home décor retailer’s board conducts a search for a permanent replacement. Madden will serve as an Employee-Advisor to the board until June 30, 2018.

Cairnes has been with Kirkland’s since November 2016, overseeing marketing, e-Commerce, merchandising, planning and allocation, store and supply chain operations. Cairnes was previously with Michael’s Stores, where he served concurrently as President of Aaron’s Brothers and President of Artistree.

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Michaels Confirms Data Breach Affecting Nearly 3 Million Consumers

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Michaels LogoMichaels Stores has confirmed that a security breach has taken place and affected up to three million customers, including shoppers of subsidiary Aaron Brothers. The breach started May 2013 and occurred through the end of January 2014, according to reports.

Executives from the craft chain learned of a potential security breach at the end of January 2014, and have spent the last three months investigating data leaks before making the announcement. The news follows similar target breach announcements from Target and Neiman Marcus in December 2013.

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Retail CEOs In The Hot Seat

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CEOWhile the national unemployment rate has been falling for the past few months, the job security of retail CEOs has been somewhat shaky. The CEOs of Groupon and Toys ‘R’ Us recently exited, with failed omnichannel strategies cited among the reasons for their ousters. The CEOs of Radio Shack and J.C. Penney are changing courses to stem losses.

While they are still have their jobs, Yahoo’s CEO is taking flack for her new “no telecommuting” policy and the CEO of Abercrombie & Fitch continues to stir up controversy. The craft chain Michaels Stores recently named a new CEO after a seven-month search and is rumored to be ready to launch an IPO that, if successful, will thrust him into the world of the increased scrutiny faced by public companies.

Continue reading “Retail CEOs In The Hot Seat”

Retail CEOs In The Hot Seat

CEO

CEOWhile the national unemployment rate has been falling for the past few months, the job security of retail CEOs has been somewhat shaky. The CEOs of Groupon and Toys ‘R’ Us recently exited, with failed omnichannel strategies cited among the reasons for their ousters. The CEOs of Radio Shack and J.C. Penney are changing courses to stem losses.

While they are still have their jobs, Yahoo’s CEO is taking flack for her new “no telecommuting” policy and the CEO of Abercrombie & Fitch continues to stir up controversy. The craft chain Michaels Stores recently named a new CEO after a seven-month search and is rumored to be ready to launch an IPO that, if successful, will thrust him into the world of the increased scrutiny faced by public companies.

Continue reading “Retail CEOs In The Hot Seat”