Content about co-founder

April 15, 2014

Target’s massive data breach continues to reverberate in the headlines, but in reality it’s just one of countless attacks that affect the retail industry on a daily basis.

By Jason Glassberg, co-founder of Casaba

Target’s massive data breach continues to reverberate in the headlines, but in reality it’s just one of countless attacks that affect the retail industry on a daily basis. Whether it’s highly sophisticated malware developed out of Russia, local hit-and-run point-of-sale thieves or insider threats, retailers must adapt to this increasingly risky environment.

March 5, 2014

Nike's store in University Village, Seattle, was created as a sanctuary for athletes.

Nike's store in University Village, Seattle, was created as a sanctuary for athletes. The goal is present in every detail in the 6,247-sq.-ft. store, including this quote from company co-founder Bill Bowerman that is painted onto the bleacher board behind the cash wrap: "There's no such thing as bad weather, just soft people."

February 18, 2014

Richard N. Cabela, co-founder and chairman emeritus of the $3.6 billion, outdoor outfitters chain, Cabela’s Inc., died Monday at his home in Sidney, Neb.

Sidney, Neb. -- Richard N. Cabela, co-founder and chairman emeritus of the $3.6 billion, outdoor outfitters chain, Cabela’s Inc., died Monday at his home in Sidney, Neb. No cause was given. He was 77.  

Cabela served as chairman of the board until June 2013, when he transitioned to chairman emeritus and his brother, Jim Cabela, became chairman.

January 20, 2014

In its PizzaRev case study series, CSA Online offers an insider’s look at the conception, initial rollout and growth of the southern Calif.-based fast-casual concept PizzaRev.

In its PizzaRev case study series, CSA Online offers an insider’s look at the conception, initial rollout and growth of the southern Calif.-based fast-casual concept PizzaRev. Likened to “the Chipotle of pizza,” this innovative chain lets customers choose from an artisanal array of toppings to craft their own pizzas very quickly in a high-end stone hearth oven.

January 8, 2014

Jim Sinegal, Costco co-founder and board member, will receive the Gold Medal Award in 2014 during the National Retail Federation (NRF) Annual Conference and Expo in New York City.

Washington, D.C. - Jim Sinegal, Costco co-founder and board member, will receive the Gold Medal Award in 2014 during the National Retail Federation (NRF) Annual Conference and Expo in New York City. In addition, NRF has named South Korea’s Lotte Shopping as the International Retailer of the Year.

Nike has been named Retail Innovator of the Year, and Half Price Books’ Executive VP  and chief strategy officer Kathy Doyle Thomas has been selected as 2014’s Silver Plaque recipient.

January 7, 2014

Unusually high community engagement, user-driven initiatives, mobile growth and a love of all things vintage — that’s the formula behind the growth of ModCloth.com, which hit $100 million in sales just a decade after it launched out of co-founder Susan Gregg Koger’s dorm room back in 2002.

January 7, 2014

For upscale retailers, providing an intimate and responsive customer experience is even more critical than it is for more mainstream chains.

For upscale retailers, providing an intimate and responsive customer experience is even more critical than it is for more mainstream chains. In The Pink, a Falmouth, Mass.-based, seven-unit affiliate of specialty retailer Lilly Pulitzer, is disrupting both how customer service is delivered in its stores and how IT vendors deliver technology to retailers. 

October 28, 2013

Tiger Group has announced the passing of veteran retail executive and company co-founder Stephen Goldberger.

Boston — Tiger Group has announced the passing of veteran retail executive and company co-founder Stephen Goldberger. The Boston resident passed away on Oct. 18 at the age of 70.

July 8, 2013

The co-founder of Target, Douglas Dayton, died Saturday after a long battle with cancer.

New York -- The co-founder of Target, Douglas Dayton, died Saturday after a long battle with cancer. He was 88.

With his four brothers, Dayton took over and reshaped the Dayton Co., which was founded by their grandfather, George Draper Dayton, as Dayton’s department store in Minneapolis.

June 27, 2013

Speakers at the recent Internet Retailer Conference & Exposition in Chicago discussed how the retail industry is using a number of digital technologies to assist performance in areas such as CRM, marketing, driving customer traffic and converting sales. Following are a few brief highlights:

Liberty Jane Clothing, an online specialty retailer of clothing and accessories for American Girl dolls, uses the Pinterest social platform to give its customers an inside view of the company and create a more personalized relationship with them.

June 27, 2013

Expansion was the talk of the aisles in the Las Vegas convention center, as the International Council of Shopping Centers hosted its annual RECon global real estate convention May 19-22.

"We never really had a downturn," said Stephen Gallant, VP facilities development with Jos. A. Bank Clothiers, in the Women's Special Interest Group presentation "Retail: The Next Wave."

"We opened an average of 50 stores a year during the recession, and are continuing to gather strength in the more recent months and years," he noted.

June 6, 2013

For pure play premium pet food and accessories retailer PetFlow, online marketing is a crucial component of its business.

Chicago -- For pure play premium pet food and accessories retailer PetFlow, online marketing is a crucial component of its business. Initially, PetFlow used Google AdWords to direct consumers searching for specific pet products to its site. However, as PetFlow co-founder Alex Zhardanovsky told the audience during a morning keynote session at the Internet Retailer Conference in Chicago, initial efforts by the retailer to expand its online marketing activities to Facebook did not work so well.

April 12, 2013

The University of Missouri-Kansas City will present Costco co-founder Jim Sinegal with its Entrepreneur of the Year award at a special ceremony this fall, according to published reports.

New York -- The University of Missouri-Kansas City will present Costco co-founder Jim Sinegal with its Entrepreneur of the Year award at a special ceremony this fall, according to published reports.

The St. Louis Post-Dispatch reported Thursday that Sinegal, who retired as the club retailer's CEO in January 2012, would be among the honorees of the university's 28th Annual Entrepreneur of the Year Awards celebration.

Sinegal founded Issaquah, Wash.-based Costco together with Jeff Brotman in 1983.
 

April 1, 2013

In the second installment of a case study series, CSA Online continued to offer an insider’s look at the conception and initial rollout of the southern Calif.-based fast-casual concept PizzaRev.

In the second installment of a case study series, CSA online continued to offer an insider’s look at the conception and initial rollout of the southern Calif.-based fast-casual concept PizzaRev. Likened to “the Chipotle of pizza,” this innovative chain lets customers choose from an artisanal array of toppings to craft their own pizzas. A test kitchen in Northridge, Calif., was launched in April 2012 and three additional locations soon followed.

March 25, 2013

Shortly after abandoning buyout possibilities of his former company, Best Buy co-founder and former chairman Richard Schulze announced Monday that he is returning to the retailer as chairman emeritus.

Minneapolis -- Shortly after abandoning buyout possibilities of his former company, Best Buy co-founder and former chairman Richard Schulze announced Monday that he is returning to the retailer as chairman emeritus.

Schulze, who is Best Buy’s largest shareholder, is nominating two former Best Buy executives to join him on the board: former CEO Brad Anderson and former COO Al Lenzmeier.

January 3, 2013

In the first installment of its new Case Study series, CSA Online offered an insider’s look at the conception and initial rollout of the southern Calif.-based fast-casual concept PizzaRev. Likened to “the Chipotle of pizza,” this innovative chain lets customers choose from an artisanal array of toppings to craft their own pizzas. Using a 900-degree, stone-hearth oven, pizzas are ready in about three minutes, all at a cost of less than $8 per pie.

November 28, 2012

Coldwater Creek Inc. announced that co-founder Dennis Pence will retire as president and CEO, effective December 31, 2012.

Sandpoint, Idaho -- Coldwater Creek Inc. announced that co-founder Dennis Pence will retire as president and CEO, effective December 31, 2012. He will remain as a director and continue to serve as chairman of the board until January 1, 2014.

Pence will be succeeded as president and CEO by Coldwater president and chief merchandising officer Jill Brown Dean, effective January 1, 2013. Dean has also been appointed to serve on the board of directors, effective January 1, 2013.

October 31, 2012

Southern California’s PizzaRev aims to do for pizza what Chipotle has done for burritos. The young chain got its start in April 2012 with a “test kitchen” in Northridge, Calif., and, amid stellar Yelp! reviews and robust sales, is already on the verge of opening its third location, with more units planned for 2013.

September 21, 2012

The Home Depot said it has named Mark Vadon, co-founder of online jeweler Blue Nile, to its board of directors.

Atlanta -- The Home Depot said Friday it has named Mark Vadon, co-founder of online jeweler Blue Nile, to its board of directors.

Vadon will serve on the audit and finance committees. His appointment gives the company 11 directors, 10 of whom are independent.

 

August 23, 2012

A report by Bloomberg, citing unnamed sources, said that Best Buy Co. has rekindled its talks with co-founder Richard Schulze about an agreement that would allow Schulze to launch due-diligence efforts toward his proposed acquisition of the company.

Minneapolis -- A Thursday report by Bloomberg, citing unnamed sources, said that Best Buy Co. has rekindled its talks with co-founder Richard Schulze about an agreement that would allow Schulze to launch due-diligence efforts toward his proposed acquisition of the company.

Best Buy reportedly reached out to Schulze shortly after announcing quarterly earnings on Aug. 21 that missed Wall Street estimates, according to one of the unidentified sources, who also said that both parties could reach an agreement later this week.

August 16, 2012

Best Buy Co. co-founder Richard Schulze said that he is staying the course on his plan to acquire the company and take it private, adding that he has heard from a lineup of private equity firms prepared to make "significant commitments."

Minneapolis -- Best Buy Co. co-founder Richard Schulze said Thursday that he is staying the course on his plan to acquire the company and take it private, adding that he has heard from a lineup of private equity firms prepared to make "significant commitments."

In a letter to the Best Buy board, Schulze indicated that he'd like to create a group and put forth a fully financed plan.

January 17, 2012

A report by Reuters revealed widespread Wall Street speculation that Sears Holdings Corp. may go private.

New York City -- A report by Reuters on Tuesday revealed widespread Wall Street speculation that Sears Holdings Corp. may go private.

"There is a rumor that Bruce Berkowitz of Fairholme and Eddie Lampert could take Sears private," Jon Najarian, a co-founder of TradeMonster.com in Chicago, told Reuters.
 
Sears has not commented on the rumors, which come days after CIT Group halted loans that Sears' suppliers use to finance the goods they sell to the Sears and Kmart chains.

November 21, 2011

Up to 60% more shoppers will enter stores on Dec. 26 than on the same day last year, according to ShopperTrak, the world's largest provider of retail and mall foot traffic counting services.

Chicago -- Up to 60% more shoppers will enter stores on Dec. 26 than on the same day last year, according to ShopperTrak, the world's largest provider of retail and mall foot traffic counting services. The reason for the increase is due to the calendar: Shoppers will come out in full force on the day after Christmas because it falls on a Monday for the first time in six years. That day will rank third in foot traffic for the holiday shopping season, surpassed only by Black Friday, the day after Thanksgiving, and Super Saturday, the Saturday one week before Christmas.

November 1, 2011

A report released by retail foot traffic counter ShopperTrak identified the 10 holiday shopping days that will make or break the period for retailers.

Chicago -- A report released Tuesday by retail foot traffic counter ShopperTrak identified the 10 holiday shopping days that will make or break the period for retailers.

“Since Christmas falls on different calendar days each year, the shift impacts which days are the busiest,” said ShopperTrak co-founder Bill Martin. “Some change in ranking or drop off completely.”

October 24, 2011

Mark your calendars now: On Saturday, Jan. 14, 2012, for the third consecutive year, the Retail Orphan Initiative (RetailROI) will unofficially kick off the annual National Retail Federation Convention and EXPO by bringing together some of retailing’s most prominent IT thinkers in a high-level information-sharing event. Called SuperSaturday, this year’s forum will be held at the PwC Auditorium, 300 Madison Ave., New York City.