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Apple Announces Moves Partially Tied to New Tax Bill
January 19, 2018 at 11:16 am

Apple yesterday announced a sweeping set of moves partially tied to the recent tax bill, including paying $38 billion in taxes from profits made overseas as required by recent changes to the tax law.; creating more than 20,000 new jobs at existing Apple campuses and a new corporate campus it plans to build; and pledging…

Wal-Mart Joins List of Retailers Taking Steps to Curb Opioid Epidemic
January 18, 2018 at 2:18 pm

Wal-Mart and Jewel-Osco are joining the list of retailers making efforts to address the nation’s opioid epidemic.The big-box retailer says it will become the first national drug chain to offer a free opioid disposal option at all its pharmacy locations. The Chicago Tribune reports Wal-Mart hopes to limit abuse of prescription opioids by making it…

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…

Report: Kroger Considering Acquiring Boxed
January 16, 2018 at 10:40 am

Grocery store chain Kroger is considering acquiring Boxed, a grocery wholesale delivery company. According to CNBC the potential deal, which arose as the New York-based startup was seeking funding, likely values Boxed at between $325 million and $500 million, said the person, who spoke on condition of anonymity. Boxed, which sells bulk staples like toilet paper…

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…

Supreme Court Will Review Internet Sales Tax Law
January 15, 2018 at 9:50 am

The U.S. Supreme Court will consider freeing state and local governments to collect billions of dollars in sales taxes from online retailers, agreeing to revisit a 26-year-old ruling that has made much of the internet a tax-free zone. Heeding calls from traditional retailers and dozens of states, the justices said they will hear South Dakota’s contention…

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.…

Kohl's to Partner With Grocers, Convenience Stores to Fill Vacant Store Space
January 11, 2018 at 1:44 pm

Big-box retailer Kohl's plans to partner with grocery stores and convenience stores to lease the white space left in the roughly 300 stores it has "right-sized" over the past several years, CEO Kevin Mansell told CNBC at ICR's conference this week. The department store has created operationally smaller, more profitable stores within its roughly 87,000-square-foot boxes. The…

Total Retail's 8th Annual Top Women in Retail List
January 10, 2018 at 1:03 pm

Total Retail and the Women in Retail Leadership Circle (WIRLC), sister brand of Total Retail, are proud to present our eighth annual list of the Top Women in Retail, a comprehensive list of leading female executives in the retail industry. We'd like to thank Synchrony Financial, the exclusive sponsor of this year's Top Women in Retail list. 

Circuit City to Relaunch Online in February
January 10, 2018 at 12:12 pm

Circuit City has targeted Feb. 15 as the day its website will relaunch, CEO Ronny Shmoel said Monday at the Consumer Electronics Show (CES) in Las Vegas. The once-bankrupt retailer also has plans to open kiosks, stores within other stores, and eventually its own showrooms, consumer electronics website Twice reported. Shmoel told the audience at CES that…

Retail Industry Mourns Death of Sam Taylor, CEO, Oriental Trading Company
January 8, 2018 at 12:58 pm

Sam Taylor, who as CEO guided Oriental Trading Company from bankruptcy into one of Berkshire Hathaway’s success stories, died on Dec. 29 more than a year after being diagnosed with a lethal form of brain cancer. He was 56. Oriental Trading released a statement that read in part, "Sam was so completely woven into the threads…

Neiman Marcus Taps Ralph Lauren Exec as New CEO
January 5, 2018 at 1:30 pm

Neiman Marcus Group announced that Karen Katz, the company's president and chief executive officer, will retire Feb. 12. Fashion and retail veteran Geoffroy van Raemdonck will succeed Katz as the company’s CEO. Katz will continue to serve on the company’s board of directors and will work closely with van Raemdonck to facilitate a seamless transition process.…

Sears to Close an Additional 100+ Stores
January 5, 2018 at 1:26 pm

Sears Holdings, parent company of Sears and Kmart, told its employees Thursday that it will be closing more than 100 additional stores this year, according to a report from CNBC. The store closings consist of 64 Kmart stores and 39 Sears stores, all of which are expected to shut their doors between early March and…