Victoria Secret Suing May Department Stores A standard increase for a move in the industry is 10 percent to 20 percent over the executive’s current salary, said Terre Simpson, president of New York-based Simpson Associates, a retail executive search firm.
Recovering Retailer: Kmart seeks permanent top executive for brands Finding a chief merchant won't be easy, said Terre Simpson, president of Simpson Associates, a New York executive search firm. Kmart needs a veteran who has a record of success, but cutbacks in retail training programs and better-paying jobs in other industries have led to a chronic shortage of talent, Simpson said.
Kmart's challenge: Finding willing execs Finding a chief merchant also will be Kmart's most difficult executive search task and could take four to six months, said Terre Simpson, president of the NYC-based executive retail search firm Simpson Associates Inc.
Poor sales could spell doom for May's CEO Kahn Despite a poor economy, some department store chains, such as J.C. Penney Co. and Kohl's, have been doing well, so May's poor sales likely are management-related, said Terre Simpson head of the New York-based retail executive search firm Simpson Associates.
Is there a Dearth of Young Retail Talent? ...The Limited has instituted college recruiting. It reflects a concern in the retailing community that talent has to be nutured and grown..."
Holman-Rao: Limited Terre...said, "Holman-Rao combines a very good taste level..."
The Poaching Game Terre Simpson...pointed out that retailers who have joined companies such as Liz Claiborne have met with a lot of success...
