By  on August 22, 2017

The chief financial officer is no longer just a numbers cruncher, and the new skill set required — not to mention the stress that goes with the job — might to some extent explain the high turnover on the cfo front in the last few months.

In the last three months alone, no less than seven retailers have seen their cfo’s leave. Those include Neiman Marcus Group; J.C. Penney Co. Inc.; Nordstrom Inc.; Kohl’s Corp.; Hudson’s Bay Co.; Kirkland’s Inc., and Christopher & Banks. It isn’t just the retail sector that faced cfo changes. On the vendor side, Vera Bradley and Michael Kors Holdings Ltd. have welcomed new cfo’s. Only one or two cfo positions became open due to retirement.

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