A NOTE FROM OUR EDITOR-IN-CHIEF ALYSON SHONTELL

Fortune’s Phil Wahba writes that few retail executives have what it takes to be a CEO anymore, a result of the industry’s lack of a strong leadership talent pipeline.

At the same time, disruption has become a norm for retail and the list of required skills for CEOs keeps growing: “Now, a CEO needs to have not only an instinct for what products customers want but also chops in other areas, notably supply-chain management, cybersecurity, sourcing, e-commerce, and store operations, as well as the ability to build teams and adopt a style of empathetic and inclusive leadership that employees expect of today’s CEOs,” Phil writes.

“There are simply too few CEOs who have undergone the leadership development needed today compared to just a few years ago,” he writes.

That has pushed boards and search firms to cast a wider net when looking for candidates.

Read his story below to see why this is a troubling sign for the industry.

Retail boards and search firms are struggling with fewer prospects to fill the corner office.

FEBRUARY 13, 2023

TECH

Microsoft’s ChatGPT-powered Bing is getting ‘unhinged’ and argumentative, some users say: It ‘feels sad and scared’

FINANCE

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

It’s the ‘single best time’ to invest in real estate startups, according to Trulia founder and VC Pete Flint

Here’s how to save an extra $500 per month, according to financial advisers

Inflation will remain ‘sticky’ for a decade because Gen Z and millennials are in their prime spending years, an investment chief says

SUCCESS

Overemployment is here: Nearly half of workers have more than one full-time job

Hybrid work makes people better at their jobs, from commuting to ‘deep work.’ But companies aren’t doing it right

LEADERSHIP

‘We’re in a frenzy to be more agile’: How Kraft Heinz’s CEO is reviving Jell-O, Kool-Aid, and other famous longtime brands

Meet the CEOs rejecting the 5 a.m. club and making their sleep pattern work with a high-flying career

It’s time to leave the Strong Black Woman trope in the past. Fortune Well reporter L’Oreal Thompson Payton will be joined by author and therapist Oludara Adeeyo for a conversation on embracing the “soft life.”

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