Women on Business
DECEMBER 7, 2010
This online retailer offers everything from bedroom furniture, luggage, shoes and bags, home and garden accessories, and also living room and dining furniture, like this chest of drawers. I’m focusing on health and fitness, and to that end I’m inviting you to join me.
Women on Business
JANUARY 14, 2011
An answer to this was anything but obvious, and I struggled to find one shortly after my friend Katie and I were laid off from what were supposed to be dream jobs with an online shoe retailer. We knew that choosing the latter entailed taking, quite probably, the greatest risk in the face of an unstable economy; yet, in the end, we did anyway.
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Women on Business
JANUARY 18, 2011
Katrina followed that initial success by branching out of her apartment and opening a retail store in Chicago just two-months after her chocolates launched in Neiman Marcus. The employees loved them, and the next thing Katrina knew, her chocolates were being sold in Neiman Marcus.
Strategy Driven
NOVEMBER 1, 2010
subprime mortgages, instead doing business the old-fashioned way, with 80 percent of revenues derived from retail banking. To the general public, it has come to epitomize the dysfunction of Wall Street—the greed, risk and lack of ethics that drove profits over the last twenty years, but went relatively ignored until the recent collapse.
Harvard Business Review
OCTOBER 6, 2014
Troubles at Tesco, the UK’s leading retailer, are mounting. If round after round of profit warnings was not enough – group operating profits fell 20% between 2011 and 2013 and are likely to fall another 30% in 2014 — the company recently announced it had overstated its first-half profit by about $400 million. How did this happen?
Harvard Business Review
SEPTEMBER 20, 2016
Stumpf said in an earlier statement: “We are eliminating product sales goals because we want to make certain our customers have full confidence that our retail bankers are always focused on the best interests of customers.” Large-scale unethical sales practices often begin with minor ethical compromises.
Harvard Business Review
OCTOBER 6, 2016
The bank has since fired 5,300 employees for the illegal behavior and eliminated retail bank sales goals entirely. According to Stumpf’s testimony, a board committee became aware of the fraud “at a high level” back in 2011. Even now, Stumpf adamantly refuses to hear criticism of the bank’s culture.
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