Management

The retail industry has been forced to confront several external challenges in 2022, including but not limited to labor shortages, supply chain disruption, rising inflation, and geo-political turmoil. These challenges have made profitable growth elusive for many organizations, particularly legacy brick-and-mortar chains. However, times of transformation and disruption such as today present an opportunity for…

Insights that will help your business maximize sales and profits

Consumer spending accounts for nearly 70 percent of U.S. economic activity. In the first half of 2022, shoppers buoyed the economy — or at least kept it from falling deeply into recession. However, they’re starting to feel the pinch from inflation and rising interest rates. The supply chain was more stable in 2022, but retailers…

Quiet quitting is a trending topic across corporate America. And the retail sector is experiencing its own wave of workers eager to set boundaries with employers. Whether you call it quiet quitting, coasting, or plain old checking out, unmotivated employees aren’t new. Workers who lack support, resources, and work-life balance also lack incentive to go…

Sears Hometown Stores Inc., a franchise-owned unit of Sears, has filed for Chapter 11 bankruptcy protection, CNN Business reports. Sears spun off Sears Hometown in 2012 to give the parent company a much-needed infusion of cash. Transformco reacquired the company after it bought Sears out of bankruptcy in 2019. The chain, including locations run by independent dealers,…

The holidays are a time when many small businesses generate their highest revenues of the year, but it can also be a time when cash flow challenges become particularly acute. Stocking up on inventory, hiring seasonal employees, and surges in demand can all present potential cash flow pressures. This year, many businesses also face additional…

GameStop has announced a round of layoffs due in part to inflation and "weakened consumer confidence" about the market, according to its CEO. This move comes a few months after GameStop management fired its CFO and made cuts at Game Informer, among other places inside the company. Axios, which was first to report on the layoffs at…

Total experience (TX) bridges customer, employee, and user experience disciplines into one transformational retail experience that unifies every customer touchpoint, aligns a retail brand across every channel and platform, harmonizes business functions, and establishes complete trust within the customer journey. TX is focused on creating stronger, more holistic experiences for those who engage with your…

Steve Rendle has retired from his roles as CEO, chairman and president of VF Corporation, effective immediately, the company said Monday. VF Corp. owns Supreme, Vans, The North Face, Timberland, Dickies, among other consumer brands. Rendle, has retired “by mutual agreement with the board,” according to a filing with the Securities and Exchange Commission. Benno Dorer,…

The New Year is fast approaching, and for a retail business, that means it's time to start thinking about closing out the year and preparing for the next. While it's a great time to reflect and set goals, it's also a time of year that creates a lot of “to-dos” for retailers. The holiday season…