By  on April 24, 2018

Striving to revive their businesses, department store companies are increasingly looking outside the box to bolster their top executive ranks.

A recent spate of hires of key executives from pharmacies, consumer products, specialty chains, tech firms and vendors shows how department stores are scurrying to inject new thinking. It’s a gamble, but there’s good reason for it: Bench strength is lacking. Talent isn’t being groomed to the degree it once was and there’s a compelling need for different perspectives, and fresh eyes and ears to reinvigorate an old retail format that continues to consolidate.

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