Management

Billionaire Toy Maker's Bid to Save Toys"R"Us Stores Rejected
April 19, 2018 at 4:09 pm

Toys“R”Us Inc.’s lawyers and advisers have shot down an 11th-hour offer from a billionaire toy maker that would have kept some of its U.S. stores open, according to a person familiar with the matter. The Wall Street Journal reports that Isaac Larian, founder of Bratz dolls maker MGA Entertainment, Inc., came forward last week with a…

Learning and Teaching Defines Paula Bennett’s Career
April 17, 2018 at 5:07 pm

In a keynote presentation yesterday at the Women in Retail Leadership Summit in Miami, Paula Bennett, the recently retired (as of this week) CEO of J.Jill, discussed her career journey and the principles that shaped it along the way. (Synchrony, a consumer financial services company delivering customized financing programs across retail and other industries, is…

Bon-Ton Appears Headed for Liquidation
April 17, 2018 at 11:21 am

The only two bids at the start of a bankruptcy auction for department store chain Bon-Ton Stores Inc. were from liquidators, signaling the end for the company, according to reports Tuesday morning. Reuters said Bon-Ton will go out of business without a bid from a going-concern bidder. The New York research firm Reorg Research, also…

Kroger to Hire 11,000 Workers, Raise Wages
April 13, 2018 at 10:43 am

Supermarket giant Kroger announced plans this week to hire about 11,000 workers even as it faces heated competition from Walmart and Amazon.com. It's the latest wave of hires for Kroger, which has created 22,000 positions in the past two years. Kroger operates more than 2,700 groceries in 35 states under a variety of names, including Smith's, Fred…

Sears Selling 16 Stores in Online Auction
April 12, 2018 at 12:52 pm

Sears Holdings is selling 16 of its namesake store locations in an online auction, according to a Wall Street Journal report. The stores, 15 of which are attached to malls, are being marketed as sale and lease-back deals, which will allow Sears to continue operations at the locations while paying rent. The new owners of…

The 7 Deadly Sins of Retail
April 12, 2018 at 12:25 pm

Earlier this year, I was invited to the annual National Retail Federation’s Big Show in New York City to share my two cents on the industry that never sleeps: private brands. As I was debating what to discuss at the conference, my mind gravitated to the topic of the year — retail Armageddon. While this…

4 Ways to Improve Employee Engagement Now
April 10, 2018 at 2:29 pm

What is employee engagement? In simple terms, employee engagement is all about putting in place the right conditions, values and tools to bring out the best in your employees. Engaged workplaces are ones in which staff members are motivated, committed, enthusiastic, and they feel valued and appreciated by their managers and executives. Improving employee engagement…

Nine West to File for Bankruptcy, Sell Intellectual Property
April 6, 2018 at 1:55 pm

Footwear retailer Nine West is preparing to file for bankruptcy by as early as this week, according to a report Thursday. Aside from the bankruptcy filing, the White Plains, New York, company is planning to sell its intellectual property to Authentic Brands Group, a licensing firm that recently said it would purchase clothing brand Nautica, Reuters…

Bed Bath & Beyond Offers to Buy Toys"R"Us Gift Cards for Store Credit
April 4, 2018 at 9:59 am

Bed Bath & Beyond announced that it will purchase shoppers’ Toys"R"Us and Babies"R"Us gift cards, offering store credit in return for a limited amount of time. The retailer is accepting Toys"R"Us and Babies"R"Us gift cards with a balance of at least $20 through midnight Thursday. A shopper will receive a Bed Bath & Beyond e-gift card instantly,…

Toys"R"Us Shuts Down its Websites
April 3, 2018 at 1:02 pm

Toys"R"Us has shut down its e-commerce websites for Toys"R"Us and Babies"R"Us as it continues the rapid liquidation of its U.S. operations after a failed bankruptcy restructuring. The Toys"R"Us and Babies"R"Us websites were turned off at 5 p.m. Thursday. Visitors to the sites are now being directed to a web page, goodbuytoysrus.com, which has information about the liquidation…