Karen Katz officially stepped down as Neiman Marcus president and CEO after seven years in the post and more than three decades at the company. Katz, who will remain on the retailer's board, has led efforts to make the luxury brand relevant to younger consumers, expand its digital profile and bring more women into the senior management ranks.
Closing the pay gap and ensuring that women receive more venture capital funding is key for empowering women in the business world, said Kathryn Minshew, CEO of The Muse. Investors should "read up on unconscious bias and actively seek out founders from diverse backgrounds," she said.
Lululemon Athletica has named Celeste Burgoyne to head its marketing team, succeeding Duke Stump who left the Vancouver-based retailer last year. Burgoyne has been with the company since 2006 and currently serves as executive vice president for the Americas.
Women comprise 60% of chief HR officers at the top 100 US companies by revenue and the majority of HR executives named in 2017, according to Russell Reynolds Associates data. Only seven of those 100 largest companies have a woman as CEO.
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Simply offering parental leave is not sufficient to promote gender equality in the workforce because women who use this benefit may be passed over for leadership opportunities, writes Cathy Barrera of ZipRecruiter. Offering strong incentives to encourage all employees to take parental leave could help address this issue.
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More than 40 executives from companies including Microsoft, Adobe and Mattel pledged at the MAKERS Conference in Los Angeles to make changes that would empower women in the workplace. Mattel plans to launch about 10 dolls celebrating real-life women in under-represented careers, while Adobe is on track to reach pay parity between men and women at its offices worldwide this year.
Walmart recently named Judith McKenna and Rachel Brand to top executive posts, but the percentage of women employees throughout the company has dipped, according to federal data. One possible reason for the decline -- Walmart has expanded its role as a grocery retailer, a segment of the industry that tends to employ more men than women, said labor economist Marc Bendick.
Progress toward gender diversity in the technology industry has been stubbornly slow, writes Women Who Tech founder Allyson Kapin, who offers suggestions that various stakeholders can use to address the issue. Entrepreneurs, for example, should address unconscious bias in the hiring process and make diversity a priority from the beginning.
Macy's will launch a ready-to-wear line of dresses, separates and hijabs designed for women who prefer to dress modestly. The Verona Collection was created by Lisa Vogl as part of the Workshop at Macy's, a program to develop diverse vendors.
Convenience store loyalty programs are proving a draw for female shoppers, according to a survey. Thirty-nine percent of respondents said they're enrolled in loyalty programs at their usual convenience stores, and 31% said they would sign up if their stores offered such a program.
NEW and Foundation partner company Accenture are joining forces to accelerate women's leadership and conduct research examining gender equality in the workplace. "Accenture has been with NEW since year one," NEW CEO and president Sarah Alter said, "and they have been a real partner in this workplace transformation journey, providing their support, guidance and insights, and helping us connect with other important players." Read the story.
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