Management

NRF: Congress Must Take Action to Avert Catastrophic Rail Strike
November 21, 2022 at 6:42 pm

National Retail Federation (NRF) President and CEO Matthew Shay said a nationwide rail strike during the peak holiday season will be “devastating” for American businesses, consumers and the U.S. economy — particularly amid today’s increased prices due to persistent inflation. Shay's statement was made yesterday when members of the nation’s largest rail union rejected a contract…

Reports: Amazon to Lay Off 10,000 Employees Beginning This Week
November 14, 2022 at 3:04 pm

Amazon.com is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times, citing people with knowledge of the matter. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of employees. The job cuts will focus on…

Balsam Brands' CTO Shares Advice for Effective Collaboration With IT Teams
November 10, 2022 at 2:08 pm

This video features a clip from a panel discussion focused on effective collaboration between marketing and IT departments. It was recorded at Total Retail Tech in Nashville last month. Kristen Gasior, chief transformation officer at Balsam Brands, shares the lessons she's learned from working effectively with IT teams, including establishing better cross-department alignment around business goals.…

Kohl’s CEO Michelle Gass to Step Down, Join Levi Strauss as CEO in Waiting
November 8, 2022 at 1:08 pm

Kohl's announced Tuesday that CEO Michelle Gass is leaving for a new opportunity after the retailer came under pressure to shake up its leadership. In a separate release, Levi Strauss & Co. said Gass will join the company in early January as president and step into the role of CEO within the next 18 months, succeeding Chip…

Retail Tech Leaders Address Build vs. Buy Decision Making
October 20, 2022 at 1:21 pm

When evaluating their tech stacks and how they can be improved upon to better serve the evolving needs of digital-savvy, omnichannel shoppers, retail technology leaders are often confronted with a common dilemma: do they build needed solutions in-house or buy them from third-party providers? Of course there’s no easy answer to this question, and there…

The D-to-C Funding Landscape Has Changed. Here’s What Matters Now.
October 20, 2022 at 9:36 am

It’s been more than five years since direct-to-consumer (D-to-C) legends like Warby Parker, Away, and Everlane came of age and completely upended the retail ecosystem and forever changed the way we think about building brands. Barriers to entry collapsed. First-party data and social media forged ongoing, direct relationships between new brands and their customers. It was a heady bunch of years to be…

Peloton Cutting 500 More Jobs as it Seeks to Spur Growth
October 6, 2022 at 12:41 pm

Peloton is cutting another 500 jobs in a move that CEO Barry McCarthy said should position the struggling fitness equipment maker to return to growth. The cuts, which amount to about 12 percent of Peloton’s workforce, mark a pivot point for the company, McCarthy told CNBC on Thursday. Peloton already has had multiple rounds of…

REI to Give Employees Paid Time Off to Vote This Election Day
September 27, 2022 at 10:08 pm

REI is encouraging its employees to exercise their right to vote this November by delaying the opening of its stores by two hours on Election Day, reports Footwear News. On Nov. 8, every employee will receive paid time off as part of the outdoor retailer's Your Vote Can’t Wait campaign. REI has also created an election resource hub…

3 Ways to Upskill Talent and Enable Retail Success Now
September 26, 2022 at 12:51 pm

Retailers navigating hybrid work environments and rapid shifts in the way people shop in the wake of the pandemic now find themselves facing a potential economic slowdown and increasingly volatile swings in consumer demand. However, the path to retail success doesn’t rest solely on creating the perfect post-COVID plan or developing a long-range strategy for…

Activist Investor Pushes Kohl’s to Oust its CEO and Chairman
September 22, 2022 at 5:21 pm

Activist investor Ancora Holdings is pushing Kohl’s to remove its chief executive and its chairman, reports CNBC. Ancora sent a letter to the board Thursday asking for the replacement of CEO Michelle Gass and Chairman Peter Boneparth. The firm, which has a 2.5 percent stake in Kohl’s, wants new leadership so the company can revamp…