Management
November 30, 2020 at 10:23 am
Ming Lu, chief technology officer at eBay Classifieds Group, Emerging Markets, shares takeaways from his global e-commerce career and explains the people-first philosophy that guides his management style.
November 25, 2020 at 12:39 pm
The retail industry has faced numerous challenges during the pandemic. As a result, Glassdoor has seen a nearly 25 percent decrease in listings in retail industry jobs as of June 2020. While retailers like Walmart have actually hired more temporary workers, J.C. Penney and Macy’s have resorted to letting go of staff in order to…
November 25, 2020 at 12:20 pm
Budgeting for the new year isn’t always easy to plan for, especially in unprecedented times. In order to gain deeper insights into retail, I turned to industry veterans Rich Pedott and Daniel Binder of Columbus Consulting. One way to streamline the process of keeping budgets in check while accommodating vendors is to use artificial intelligence…
November 24, 2020 at 7:40 pm
DICK'S Sporting Goods on Tuesday announced that its current president, Lauren Hobart, will succeed Ed Stack as chief executive on Feb. 1, reports CNBC. Stack will transition to executive chairman and remain chief merchant, the company said. Following stints at PepsiCo, Wells Fargo, and JPMorgan, Hobart joined DICK'S in February 2011 as senior vice president and…
November 18, 2020 at 11:44 am
The death of the mall, the rise of e-commerce, the increased focus on fitness, family gatherings, a better way to work, and the creation of new traditions have been at the forefront of "upcoming" trends being bantered for the past couple of years. Conveniently enough, the pandemic has condensed a decade of possibility into what…
November 16, 2020 at 5:34 pm
Guitar Center said last week that it expects to file for Chapter 11 bankruptcy protection after negotiating a debt-cutting deal with key investors and lenders. The country’s largest music instrument seller plans to emerge from protection before year’s-end with nearly $800 million less debt. By filing for Chapter 11 bankruptcy, Guitar Center would be able to continue…
November 16, 2020 at 11:56 am
Holiday shopping in the COVID era will be unlike anything modern retailers and consumers have experienced. With deals beginning in October and extending through December, U.S. retailers are downplaying the importance of Black Friday. Instead, they're focusing on making every day of the 2020 holiday season count. When it comes to the impact of COVID-19,…
November 10, 2020 at 2:15 pm
Target and Ulta Beauty announced a deal Tuesday to open makeup and skincare shops inside of hundreds of Target stores across the country. Target CEO Brian Cornell said starting in the second half of next year, shoppers will find a smaller version of an Ulta store in more than 100 of Target’s stores and on…
November 9, 2020 at 4:46 pm
CVS Health Corp. announced last week that its president and CEO, Larry Merlo, plans to step down in February, with Aetna president Karen Lynch lined up to replace him. Lynch has served as the executive vice president of CVS Health since CVS acquired the insurer in November 2018, and has remained as president of Aetna, a…
November 5, 2020 at 7:06 pm
Pet Valu, the specialty retailer of pet food and supplies, said Wednesday that it will wind down operations at its Pennsylvania headquarters and close all of its 358 stores and warehouses across the U.S. It said closing sales will begin in the next few days. Jamie Gould, Pet Valu’s recently appointed chief restructuring officer, said…
