Management
July 7, 2020 at 6:24 pm
Los Angeles-based retailer Lucky Brand filed for Chapter 11 bankruptcy protection on Friday, reports AP News. The apparel retailer blames its troubles in part on the coronavirus pandemic and said it plans to close 13 stores immediately, with more closures possible during the bankruptcy process. Lucky Brand said it has a deal lined up to…
July 6, 2020 at 4:17 pm
As more and more states and cities inch toward a post-COVID existence, many considerations are falling on the shoulders of retailers. So much changed for people during quarantine, and how they shop is likely at the top of the list. Retailers, both online and brick-and-mortar, have to rethink their customer experience so that people are…
July 6, 2020 at 12:16 pm
Nordstrom is the latest retail tenant to find itself at odds with its landlords. The upscale department store chain has reportedly notified the property owners of its namesake and off-price Rack stores that it will pay only half of its rent costs for the rest of 2020. A letter from President of Stores Jamie Nordstrom to…
July 3, 2020 at 11:25 am
Welcome to this week's Retail Resources, which features a curated list of the best content and resources I've found over the past week. This week, I offer information and resources about leadership, diversity and inclusion, and some fun stuff, too. As always, if there's anything you would like me to share in a future post, let…
July 2, 2020 at 4:48 pm
Crate and Barrel announced last week that CEO Neela Montgomery will step down from her role on Aug. 1 "to pursue new opportunities." The retailer said in a press release that Montgomery informed the board late last year of her decision, and her successor will be named "shortly." Montgomery stepped into the CEO role in the summer…
July 1, 2020 at 6:51 pm
Amazon.com announced earlier this week that it will provide pandemic bonuses totaling more than $500 million to front-line workers, Progressive Grocer reported. These bonuses are to show appreciation for employees meeting boosts in demand from online shoppers during the COVID-19 pandemic. Only employees who worked for Amazon through the month of June are eligible. Full-time…
June 28, 2020 at 9:20 am
Welcome to this week's Retail Resources, which features a curated list of the best content and resources I've found over the past week. This week, I offer information and resources about leadership, data related to COVID-19, and some fun stuff, too. As always, if there's anything you would like me to share in a future post,…
June 25, 2020 at 10:10 pm
Macy's announced yesterday that it is cutting 3,900 corporate jobs — 3 percent of its total workforce — to reduce costs as it struggles with the effects of the coronavirus pandemic. The cuts represent about a fourth of Macy’s corporate workforce. The department store chain said it expects to save about $365 million through the layoffs…
June 24, 2020 at 5:58 pm
The 85-year-old vitamin and dietary supplement company GNC has announced it's filing for bankruptcy and closing up to a quarter of its stores, CNN reported. The retailer has nearly $1 billion in debt, and is looking for a buyer. GNC has faced declining sales at its brick-and-mortar locations since before the coronavirus pandemic. However, CNN…
June 22, 2020 at 3:26 pm
Bed Bath & Beyond (BB&B) wants to sell its Christmas Tree Shops and Cost Plus World Market chains. BB&B bought Christmas Tree Shops in 2003 and Cost Plus in 2012. Christmas Tree Shops operates 80 stores across the country, according to its website. Cost Plus operates about 260. Separately, BB&B laid off hundreds of employees in New Jersey…
