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Sears Lays Off 220 Employees at its Corporate Headquarters
February 1, 2018 at 11:29 am

Sears Holdings, parent company of Sears and Kmart, has laid off 220 employees primarily at the company's corporate headquarters in Hoffman Estates, Ill., effective immediately. The job cuts impacted various business units and roles across the retail organization, a spokesman told CNBC. The moves are part of the department store chain's ongoing restructuring plan, announced earlier this month,…

Abercrombie Settles Employee Apparel Lawsuit for $25M
January 30, 2018 at 1:01 pm

Abercrombie & Fitch has agreed to pay $25 million to settle claims by workers that the New Albany, Ohio-based retailer forced them to buy its clothing to wear to work and didn’t reimburse them. The settlement covers about a quarter-million current and former Abercrombie and Hollister hourly workers in California, Florida, New York and Massachusetts, according…

Ikea Founder Ingvar Kamprad Dies at 91
January 29, 2018 at 12:12 pm

Billionaire Ikea founder Ingvar Kamprad, who turned a business he launched as a teenager into one of the world’s best-known furniture brands, has died at the age of 91, the Swedish company said on Sunday. Born on March 30, 1926, in southern Sweden, Kamprad started off selling matches to neighbors at the age of five…

Staples Replacing CEO Shira Goodman With Former Coca-Cola Exec
January 29, 2018 at 11:57 am

Staples announced Friday that it's replacing Shira Goodman, its current chief executive officer, with J. Alexander (Sandy) Douglas, who most recently was president of Coca-Cola North America. The move takes place less than a year after private equity firm Sycamore Partners acquired control of the office products retailer. At Coca-Cola, Douglas led the $10 billion revenue business,…

Jet.com President Departs 18 Months After Wal-Mart Acquistion
January 26, 2018 at 10:53 am

Liza Landsman, president of Jet.com and recent Total Retail Top Women in Retail 2018 honoree, is leaving the company just a year-and-a-half after she was promoted to her current role. Wal-Mart acquired Jet.com for $3 billion in 2016. Landsman joined Jet.com in March 2015 in the role of chief customer officer, where she oversaw the company’s…

Corporate Philanthropy Not Boosting Sales? Here’s Why
January 26, 2018 at 9:21 am

True philanthropy isn't a public relations tactic; it’s a genuine expression of contributing to a cause. Centennials — the generation following millennials — place heavy importance on philanthropy when choosing what businesses to support. The centennial generation will soon make up the majority of consumers, and their preferences can’t be ignored. If you’re involved in corporate…

Nine West Could Be Next Retailer to File for Bankruptcy
January 25, 2018 at 11:40 am

Apparel retailer Nine West Holdings and its creditors are close to finishing a deal to restructure more than $1 billion of debt, which includes filing for bankruptcy and divesting parts of the business, Bloomberg reported Wednesday, based on conversations with people familiar with those talks. This strategy would include asset sales to pay off creditors, where Nine…

Home Depot to Give Hourly Workers Up to $1,000 Bonuses
January 25, 2018 at 11:19 am

Home Depot is paying out one-time bonuses of up to $1,000 in cash to its hourly workers in the U.S., citing the recent tax overhaul. The home improvement retailer follows others doing the same, including Disney, Starbucks and Wal-Mart. Home Depot said Thursday that the one-time bonus will be distributed in the current quarter. Existing bonuses will…

Starbucks to Boost Worker Pay, Benefits Due to New Tax Bill
January 24, 2018 at 12:07 pm

Starbucks announced today that it will use some of the savings from the new U.S. corporate tax cuts to give domestic employees pay raises, company stock and expanded benefits with a combined worth of more than $250 million for more than 150,000 employees. More specifically, Starbucks’ plan will include the following: In April, all eligible U.S. hourly…

Top Women in Retail 2018: Liza Landsman, President, Jet.com
January 23, 2018 at 1:13 pm

Total Retail and sister brand Women in Retail Leadership Circle (WIRLC) are proud to present our eighth annual list of the Top Women in Retail. This year's list features a who's who of top female executives in the retail industry. Take advantage of this opportunity to learn more about some of the brightest minds and leaders retail has to offer.

Top Women in Retail 2018: Jenny Ming, CEO, Charlotte Russe
January 23, 2018 at 12:18 pm

Total Retail and sister brand Women in Retail Leadership Circle (WIRLC) are proud to present our eighth annual list of the Top Women in Retail. This year's list features a who's who of top female executives in the retail industry. Take advantage of this opportunity to learn more about some of the brightest minds and leaders retail has to offer.

Kroger Mulling Potential Acquisition of Overstock.com
January 23, 2018 at 11:58 am

Overstock.com gained as much as 4.5 percent on speculation that supermarket giant Kroger Co. might acquire the e-commerce company. The New York Post reported on Friday that the grocery chain may be eyeing a deal with Overstock, citing unidentified sources. Overstock CEO Patrick Byrne said in December that selling the e-commerce business to a brick-and-mortar retailer…

Top Women in Retail 2018: Tina Sharkey, CEO, Brandless
January 23, 2018 at 11:48 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? One of the things I enjoy most is the personal connection and interaction you establish with people, even in…

Foot Locker Buys Minority Stake in Carbon38, Invests $15M
January 23, 2018 at 11:45 am

Foot Locker made a strategic investment in Carbon38, a women's luxury active apparel brand. In addition to $15 million Series A funding, Foot Locker has taken a minority stake in Carbon38. Katie Warner Johnson, Carbon38's co-founder and CEO, said, "We are excited to have Foot Locker as an investor as we continue to scale our business…

Supporting the Retail Store: Be the Superhero for Your District and Regional Managers
January 23, 2018 at 10:49 am

As those of us in the retail industry are aware, life can be very busy, and at times very chaotic, for regional and district managers — and that's an understatement. They're responsible for the correct, on-time and accurate execution of operational plans and directives across all stores. This includes overseeing the dozens and dozens of…

Abercrombie & Fitch's Executive Chairman to Step Down
January 22, 2018 at 11:44 am

Abercrombie & Fitch Co. today announced that Arthur C. Martinez will step down as executive chairman of its board of directors at the end of its fiscal year, Feb. 3. Martinez planned to retire…

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…

Top Women in Retail 2018: Jocelyn Wong, Chief Marketing Officer, Lowe’s
January 19, 2018 at 11:04 am

Total Retail and sister brand Women in Retail Leadership Circle (WIRLC) are proud to present our eighth annual list of the Top Women in Retail. This year's list features a who's who of top female executives in the retail industry. Take advantage of this opportunity to learn more about some of the brightest minds and leaders retail has to offer.

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…