Management

Amazon.com has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced Monday. Buechel became CEO of Whole Foods in 2022 after co-founder John Mackey retired from the company. In his expanded role leading Amazon’s grocery business, Buechel will succeed Tony Hoggett, who left Amazon last October to join Wonder,…

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The company behind Reebok‘s operations is laying off employees in the brand’s footwear business as it reworks the licensing strategy for the brand, reports FootwearNews. SPARC Group, the joint venture between Authentic, Simon Property Group, and Shein that runs Reebok’s U.S. operations, has reorganized the athletic brand's footwear business as it looks to transfer licenses…

Activist investor Barington Capital revealed Monday it has a position in Macy's and wants the company to cut spending, explore selling its luxury brands, and take a hard look at its real estate portfolio. It marks the fourth activist push at the struggling department store in the last decade. The activist has partnered with private equity firm Thor…

With the holiday season upon us, retailers are presented with one of the year’s biggest opportunities to drive revenue and customer loyalty. To master this seasonal rush, thoughtful planning across inventory, staffing, marketing and customer experience is key. Here’s how retailers can strategically navigate these elements to make the most of the holiday season. Start…

How are American consumers showing confidence in this economy? By going shopping: in-store, online, and at home. According to Statista, in 2023, the retail market grew by 4.11 percent, reaching $8.29 trillion, with the home services sector playing a significant role. Valued at $90.63 billion, according to Grand View Research, home services are expected to…

Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website, and winding down a nonprofit that funded programs for minorities, reports CNBC. The nation’s largest employer, which has about 1.6 million U.S. workers, joined a growing list of companies that have stepped back from diversity, equity…

Kohl’s Inc. says Michaels CEO and retail veteran Ashley Buchanan will take over its top job, effective Jan. 15. Buchanan will succeed Tom Kingsbury, who will stay as an advisor to the new CEO and retain his position on Kohl’s board until his retirement in May 2025. Kingsbury served as Kohl’s interim CEO in December…

Target on Wednesday missed Wall Street’s quarterly earnings and revenue expectations and posted only a slight uptick in customer traffic, despite the discounter's price cuts on thousands of items and its early holiday sale. The big-box retailer reversed course and cut its full-year profit guidance, just three months after hiking that forecast. Target now expects fourth-quarter…

Embattled discount chain Dollar Tree announced its CEO and chairman, Rick Dreiling, had stepped down on Sunday. Dreiling, who joined Dollar Tree as executive chairman in March 2022, said he is leaving for personal reasons. “With my health presenting some new challenges over the past two months, the time is right for me to step…