Management

H&M Hires Diversity Leader in Response to Controversy
January 17, 2018 at 12:45 pm

H&M says it has appointed a diversity leader after having been accused of racism over an ad showing a black child dressed in a hoodie reading “coolest monkey in the jungle,” reports The Seattle Times. The Swedish fashion retailer said late Tuesday on its Facebook page that the group's “commitment to addressing diversity and inclusiveness…

Best Buy, J.C. Penney CEOs on the Value of Workplace Diversity
January 17, 2018 at 12:02 pm

In a panel discussion yesterday afternoon at the National Retail Federation Big Show in New York City, Hubert Joly and Marvin Ellison, the CEOs of Best Buy and J.C. Penney, respectively, addressed the importance diversity and inclusion in the workplace can have not only on their own businesses, but all corporations. Joly and Ellison were…

Optimism Abounds at NRF Economic Panel
January 16, 2018 at 10:27 am

Riding the wave of the best holiday shopping season in nearly a decade, retailers are optimistic about the prospects for a strong 2018. And economists share their enthusiasm. In a panel discussion yesterday at the National Retail Federation’s (NRF) Big Show in New York City, Jack Kleinhenz, chief economist for the NRF; Gad Levanon, chief…

Wal-Mart Reportedly Cutting 1,000 Corporate Jobs
January 15, 2018 at 11:01 am

Wal-Mart is planning to cut over 1,000 corporate jobs, The Wall Street Journal reported Friday citing sources. The layoffs, expected to be completed by Jan. 31, 2019, will focus largely on employees in its corporate headquarters in Bentonville, Ark., the report said. Wal-Mart, the country's largest private employer, has 1.5 million workers in the U.S. and 2.3…

Top Women in Retail 2018: Paula Bennett, President and CEO, J.Jill
January 15, 2018 at 8:03 am

To see the full list of this year's Top Women in Retail honorees, click here. What do you enjoy most about working in the retail industry? I’m a strong believer that to be successful, you have to love what you do. Throughout my career,…

Wal-Mart Raises Minimum Wage, Gives Out Bonuses
January 12, 2018 at 1:11 pm

Wal-Mart is boosting the minimum hourly wage for its U.S. employees to $11 and giving out bonuses of up to $1,000. USA Today reports the big-box store chain, which has more than 1 million U.S. hourly employees, will reap a windfall from the U.S. corporate tax rate cut to 21 percent, down from 35 percent.…