Movement in the retail industry’s C-level offices has been especially busy recently.
When asked what was driving the change, Senior Partner Kyle Rudy shared that the leadership shuffle is a domino effect of the high volume of CEO turnovers in recent months.
This insight was backed by data from our Daily News Brief, which tracked 40 CEO changes in October and 32 in September. July and August, in comparison, had a combined 35 CEO changes. A ripple of leadership changes is particularly common for larger brands when an executive change happens at the helm, especially if they value collaboration.
“With a new CEO at the helm, a cascade of executive changes often follows,” he said.
The footwear industry has most notably been active in appointing a new crop of talent. Rudy said that footwear talent is increasingly viewed as a source of innovation. “[This is] a perception that hasn’t always been the case – and the footwear category has been a bright spot in the industry this year with impressive sales growth coming out of Deckers, Sketchers, On, Adidas and more,” he added.
Read the full article on Footwear News: 1 Week, 7 Big Exec Moves: What Shifts at Nike, Boot Barn and More Say About the State of Shoe Leadership>