Many May be Vying to Become Apple's (AAPL) Retail SVP, But Who is Really Qualified?
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Price: $168.00 -0.81%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.1%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.1%
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Apple, Inc. (Nasdaq: AAPL) is now positive on the session amid Barclays cut its price target 7.5 percent to $740 earlier.. Shares might also be seeing some upside on comments that it cannot afford another a dud when it aims to fill the key position of Retail Senior Vice President.
Having been vacated by Ron Johnson in 2011 for greener pastures as the CEO J.C. Penney (NYSE: JCP), Apple CEO Tim Cook initially tapped John Browett from Dixons. However, Browett was let go after just nine months after failing to meet Cook's expectations.
AllThingsD is mulling some possible candidates today. One partner at McMillan Doolittle told ATD today that Apple might be modeling its retail effort to mimic those of Burberry, Starbucks (Nasdaq: SBUX), and Coach (NYSE: COH), amongst others. The analyst thinks that Apple is honing in on broader brand recognition globally, something the aforementioned companies have been largely successful in doing.
ATD lists a few candidate potentials, including: Disney (NYSE: DIS) Store executive vice president Paul Gainer, Burberry CEO Angela Ahrendts, Nike (NYSE: NKE) president Jeanne Jackson, Starbucks China and Asia Pacific president John Culver, and Coach president Victor Luis.
Given that we're talking about Apple here, the opening is likely to draw many more candidates with similar executive-level experience. Then again, some might not want the job because it might not be enough of a challenge. At the executive level, people get as much, if not more, of a buzz from recognition and a job well done so much as pay. (Remember, the level where an increase in pay become negligible to life satisfaction is about $75,000 annually. Executive compensation generally surpass that level, particularly at larger firms.) So, the idea of slinging a product they had no hand in building is less appealing.
Apple has vastly increased points of distribution for its products over the last few years, from retailers like Target (NYSE: TGT) and Wal-mart (NYSE: WMT), to its own line of retail locations (which never seem to be empty). The "Apple Store Experience" will be particularly important moving forward as the next executive will need to keep operational margins in-line while still aiming to deliver a solid experience that helps to keep customers coming back for life.
No time frame has been hinted on a decision and Cook isn't likely to rush into anything too soon. The upcoming product cycle shift (new iPhone, iPad, and maybe a TV?) in 2013 will be an important one as mobile operating system and new ecosystems spring up from all around.
Ron Johnson commented to ATD today, saying the team Cook is currently working with "is very strong and capable of running well until he finds the right person." Apple is up 0.2 percent Monday.
Having been vacated by Ron Johnson in 2011 for greener pastures as the CEO J.C. Penney (NYSE: JCP), Apple CEO Tim Cook initially tapped John Browett from Dixons. However, Browett was let go after just nine months after failing to meet Cook's expectations.
AllThingsD is mulling some possible candidates today. One partner at McMillan Doolittle told ATD today that Apple might be modeling its retail effort to mimic those of Burberry, Starbucks (Nasdaq: SBUX), and Coach (NYSE: COH), amongst others. The analyst thinks that Apple is honing in on broader brand recognition globally, something the aforementioned companies have been largely successful in doing.
ATD lists a few candidate potentials, including: Disney (NYSE: DIS) Store executive vice president Paul Gainer, Burberry CEO Angela Ahrendts, Nike (NYSE: NKE) president Jeanne Jackson, Starbucks China and Asia Pacific president John Culver, and Coach president Victor Luis.
Given that we're talking about Apple here, the opening is likely to draw many more candidates with similar executive-level experience. Then again, some might not want the job because it might not be enough of a challenge. At the executive level, people get as much, if not more, of a buzz from recognition and a job well done so much as pay. (Remember, the level where an increase in pay become negligible to life satisfaction is about $75,000 annually. Executive compensation generally surpass that level, particularly at larger firms.) So, the idea of slinging a product they had no hand in building is less appealing.
Apple has vastly increased points of distribution for its products over the last few years, from retailers like Target (NYSE: TGT) and Wal-mart (NYSE: WMT), to its own line of retail locations (which never seem to be empty). The "Apple Store Experience" will be particularly important moving forward as the next executive will need to keep operational margins in-line while still aiming to deliver a solid experience that helps to keep customers coming back for life.
No time frame has been hinted on a decision and Cook isn't likely to rush into anything too soon. The upcoming product cycle shift (new iPhone, iPad, and maybe a TV?) in 2013 will be an important one as mobile operating system and new ecosystems spring up from all around.
Ron Johnson commented to ATD today, saying the team Cook is currently working with "is very strong and capable of running well until he finds the right person." Apple is up 0.2 percent Monday.
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