Management

Compliance or Bust: Retail’s Shift Workforce of the Future
December 17, 2019 at 10:08 am

Labor compliance issues have long plagued the retail supply chain, from sourcing to brick-and-mortar employee operations. Consider the tragedy at the Triangle Shirtwaist Factory in 1911, perhaps one of the most well-known labor compliance fiascos in the retail industry’s history, which was a direct result of abhorrent worker conditions. Thankfully, compliance issues of this caliber…

Bonobos Founder Andy Dunn to Depart Walmart in 2020
December 16, 2019 at 1:21 pm

Bonobos founder Andy Dunn said on Thursday he would leave Walmart in January, more than two years after the world’s largest retailer bought his online menswear brand for $310 million. In a LinkedIn post, Dunn, currently the senior vice president of digital consumer brands at Walmart U.S. eCommerce, said that when he joined Walmart in the…

Rent the Runway Partners With W Hotels on Clothing Rental Service
December 9, 2019 at 2:00 pm

Clothing and accessories rental subscription service Rent the Runway has teamed with Marriott International’s W Hotels brand to launch a rental experience at four locations: W Aspen in Colorado, W South Beach in Florida, W Washington D.C., and W Hollywood in California. RTR Closet Concierge, which launched on Dec. 5, enables visitors to these hotels…

J.Jill CEO Resigns Following Disappointing Q3 Sales Report
December 6, 2019 at 9:57 am

Linda Heasley has stepped down from her roles as president, chief executive officer and member of the board with J.Jill after a year and a half with the brand. The news coincides with the report of J.Jill's disappointing third quarter results, which saw a comparable sales decrease of 7 percent and net sales decrease of…

A.C. Moore Going Out of Business, Selling Up to 40 Stores to Michaels
November 26, 2019 at 12:21 pm

New Jersey-based arts and crafts retail chain A.C. Moore will close its 145 stores, its parent company Nicole Crafts announced in a news release yesterday. Up to 40 of the closing locations will become Michaels. According to the company, plans for the closings will be shared in the upcoming weeks and the A.C. Moore website will stop accepting online…

NRF: Retail Sales Rise 0.2% in October
November 18, 2019 at 3:56 pm

Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year, the National Retail Federation (NRF) said on Friday. The numbers exclude automobile dealers, gasoline stations and restaurants. October’s results make up for most of the 0.3 percent month-over-month decline seen in September and build on September’s year-over-year…

Rent the Runway, Nordstrom Expand Partnership
November 15, 2019 at 10:38 am

Rent the Runway, the clothing rental platform now valued at $1 billion, is expanding its partnership with Nordstrom. The two companies tell Fast Company exclusively that they will be blending their capabilities along many dimensions, including creating new products together and incorporating Nordstrom inventory into the Rent the Runway system. For Rent the Runway customers, the most immediate…

Sears Owner Gets $250M Lifeline; Plans to Close 96 More Stores
November 8, 2019 at 11:02 am

The parent company of Sears and Kmart, Transformco, has secured a $250 million lifeline and announced plans yesterday to close 96 more stores, CNBC reported. This will leave the business with 182 store locations. Owner Eddie Lambert, who bought Sears out of bankruptcy court for $5.2 billion earlier this year, is one of the lenders…

Best Buy Sets Up $2.5M Endowed Scholarship at the University of Minnesota
November 1, 2019 at 9:48 am

Best Buy has launched a $2.5 million endowed scholarship at the University of Minnesota's Carlson School of Management to help fund four years of college for up to 10 students a year, starting next fall. It's one of the company's largest gifts in higher education. The scholarship is targeted to students who have gone through…

Vote for Your Favorite Retail Technology Service Provider Today!
October 31, 2019 at 1:07 pm

Have you heard of the Vendors in Partnership (VIP) Awards? The awards program was created to celebrate innovation, empathy and excellence among the retail solution provider community. In addition to celebrating great product solutions, the companies that are recognized are those that are willing to make changes that are meaningful in creating a better partnership…