“It continues to be a challenge,” said Elaine Hughes,
chief executive officer of E.A. Hughes Associates, an executive
search firm. “One of the things that can give anybody
a leg up, regardless of the school, is if they have
had internships. If they haven’t worked in a retail situation,
they’re more behind the eight ball.”
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Candidates should do their homework to find out which stores are doing well and go after those jobs, said executive recruiter Elaine A. Hughes.
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company boards “won't severely cut ceo's salaries,” said Elaine Hughes
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“Some of the boards that are most effective in guiding the CEO are boards that have former industry executives,” said Elaine Hughes, president of search firm E.A. Hughes & Co., noting that boards also should have directors who could step into the CEO role should the need arise.
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In tough times, cutbacks are not always the wise move. In a store chain if there is a cutback on floor personnel, it affects the customer service, which will be remembered by the customers when business resumes at a healthier pace.
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Mr. Rodriguez's brand, known for sleek, body-hugging dresses that sell for $2,000 and up, "didn't fit into the Liz Claiborne model," said Elaine Hughes, chief executive of E.A. Hughes & Co., an executive-search firm. "It was a square peg in a round hole."
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There’s going to be a sales deceleration across the board, but no more here than elsewhere.
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I’m seeing some nice product out there but it’s like buying furniture and not having a house to put it in. We need stores to put the product in. We’re trusting our fashion futures to the vertical operators and their point of view is limited: it’s either trend-right for 22-year-olds (Abercrombie, etc) or else it’s totally non-descript (Lands End). What about fashion for the 35+ guy?
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We're all talking doom and gloom, but there are bright spots out there, and Warnaco's one.
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