Economy
06 March
This Week in Commerce: Expo West, Campbell and Ulta earnings
Check out the calendar for March 6-10.
Photo by Kelly Common on Unsplash
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Welcome to a new week. International Women’s Day arrives March 8, so make sure to take a moment to celebrate the achievements and show gratitude to the women on your team. The CPG industry is gathering in Anaheim for Expo West. Meanwhile, a fresh batch of earnings reports will provide updates on retail, CPG and DTC.
Events
Future Stores: The conference focuses on in-store innovation, with keynotes from leaders at Mars, L'Oreal, Starbucks and Casper. (March 5-7)
Natural Products Expo West: New Hope Network presents a tradeshow for CPG and retail professionals in the natural products industry. Expect a massive expo to view the latest trends, education and more. (March 7-11)
Economic indicators
Fed Chair testifies: Federal Reserve Chairman Jerome Powell is set to testify before the US House Financial Services Committee. Powell is likely to field questions from members of Congress about the trajectory of inflation, and the Fed’s next rate hike. (March 8, 10 a.m.)
JOLTs: The U.S. Labor Department reports on job openings and turnover for January 2023. (March 8, 10 a.m.)
Jobs report: The U.S. Bureau of Labor Statistics reports data on new jobs created, the unemployment rate and wages. The job market is a key indicator of consumer demand. (March 10, 8:30 a.m.)
Earnings
Tues., March 6: Dick’s Sporting Goods, SquareSpace.
Wed., March 7: Campbell Soup Co., Vera Bradley.
Thurs., March 8: Allbirds, Build-A-Bear, American Outdoor Brands, Solo Brands, BJ’s Wholesale Club, Ulta Beauty, Jones Soda, Zumiez.
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Careers
10 May
Walmart names chief US merchant, PepsiCo exec joins Sephora
On the Move has the latest hiring updates from Honest, Mondelez and more.
Zena Srivatsa Arnold is the next Sephora US CMO. (Courtesy photo)
This week, Walmart has a new top US merchant, Sephora has a new CMO and The Honest Company is bringing on a chief growth officer. Plus, Mondelez makes a key promotion and a digitally native scalp brand taps a new leader for retail expansion.
Walmart names chief US merchant
Latriece Watkins was named chief merchandising officer at Walmart US. The 24-year veteran of the company was previously EVP of consumables, and held a variety of senior leadership roles in merchandising, store operations and human resources. Now, she will succeed Charles Redfield.
“Her enthusiasm, talent and deep experience helped establish the omni merchandising strategy we have today, and her focus on customers and members will only strengthen our position in the future,” Walmart US President John Furner wrote in a company-wide email.
Sephora brings on PepsiCo exec as CMO
Zena Srivatsa Arnold will become chief marketing officer at Sephora US. Succeeding Deborah Yeh upon her transition to chief purpose officer, Arnold most recently served as VP of carbonated soft drinks at PepsiCo, and previously served in leadership roles at Kimberly-Clark, Google, Kellogg Company and Proctor & Gamble.
“With a knack for disruption, Zena brings extensive experience in not only building and growing brands but driving initiatives that reach clients digitally,” a post from Sephora on LinkedIn states. “We’re thrilled to have Zena bringing her expertise to Sephora and helping us shape the future of beauty.”
The Honest Company names chief growth officer
Digitally native consumer products company The Honest Company hired Kate Barton as chief growth officer, filling a key role under recently-appointed CEO Carla Vernón. Barton will work directly with the Honest leadership team on a new transformation initiative.
Barton was previously the chief brand officer at Magnolia, the lifestyle brand founded by Chip and Joanna Gaines. She also served as executive director of marketing at Estee Lauder’s Aveda, and worked at Procter & Gamble and General Mills.
“As someone passionate about building brands with story and impact, I could not be more thrilled to join The Honest Company,” said Barton, Chief Growth Officer of The Honest Company, in a statement.
Mondelez promotes AMEA VP
Deepak Iyer was promoted to the role of VP of Asia Pacific, Middle East and Africa at Mondelez International. Iyer is rising from a previous role as president of India and Southeast Asia.
The AMEA business generates $6.8 billion for Mondelez. With the promotion, Maurizio Brusadelli is transitioning out of the company for another opportunity.
“With close to three decades of leadership experience and a strong track record of success driving the growth of brands in emerging markets across Asia and Africa, Deepak is the ideal leader to continue our strong and sustained growth across the AMEA region,” said Mondelez CEO Dirk Van de Put, in a statement. “Under his leadership these past six and a half years, India has delivered strong, profitable growth and become a consistent exporter of talent and best practices across our global network.”
Foot Locker names head of WSS
Bianca Gonzalez was named the next general manager of WSS, a retailer focused on Latino communities.
Gonzalez is joining Foot Locker from Nike, Inc., where she previously served as VP of North America Product Merchandising and held leadership roles in marketing, merchandising and sales.
"Blanca's vast knowledge of the sneaker industry attained throughout her tenure with our great partner Nike will be an incredible asset to our WSS business, which has tremendous potential," said Chief Commercial Officer Frank Bracken. "Blanca's remarkable experience, understanding of our diverse customers, and personal roots within WSS's home turf will help deepen our relationships within communities and expand WSS's unique offering of culturally connected experiences.
Divi hires VP of retail
Caroline Scharton was named vice president of retail at Divi as the scalp health brand looks to expand to more brick-and-mortar locations around the country.
Scharton has previously led sales and retail strategies at Neutrogena, Exuviance, Marc Jacobs Fragrances, and Calvin Klein cosmetics. Most recently, she served as director of sales at the cosmetics brand Babe Original, and previously served as national sales director at ~Pourri.
“Over the past year, there has been increasing interest from consumers in hair care products made with clean ingredients, which has caused retailers to make space for a wider variety of offerings,” said Scharton, in a statement. “There are incredible opportunities in this space and I look forward to working with the talented Divi team to drive growth and successfully expand the brand into new retail locations. Divi's powerful scalp health and hair care products are truly game-changers for your wellness routine, and I am thrilled to introduce them to even more consumers.”
Optimizely names chief product officer
Rupali Jain joined digital experience platform Optimizely as chief product officer.
Jain brings experience in leadership roles at software companies including Microsoft and Qualtrics. In the new role, Jain will focus on advancing new applications of AI and machine learning for marketers.
“Optimizely has an incredible portfolio of best-in-class solutions, and we needed a product leader who has the experience to scale market-leading SaaS platforms. We found that leader in Rupali,” said Alex Atzberger, CEO of Optimizely, in a statement. "With Rupali’s history of championing user needs and prioritizing innovation that creates tangible customer value, we’re confident that she will play a vital role in our mission to redefine how marketing and product teams work together to create and optimize digital experiences.”
Optimizely serves brands such as Glossier, Nike and Saks.
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