…clearly the right move when the industry is being turned inside out (and when today’s or yesterday’s company leaders didn’t get ahead of the trends).
-Walmart’s Doug McMillon will close 269 worldwide;
-J.C. Penney’s Marvin Ellison, 40;
-Macy’s Terry Lundgren, 25 to 40;
-Target’s Brian Cornell, 23.
Retailers hate doing this, but smart CEOs know that lowering the company’s breakeven point and living to fight another day is a decision best not delayed.