Management

Amazon Workers Plan Prime Day Strike at Minnesota Warehouse
July 9, 2019 at 9:50 am

Amazon.com warehouse workers in Minnesota plan to strike during the online retailer’s summer sales extravaganza, a sign that labor unrest persists even after the company committed to paying all employees at least $15 an hour last year. Workers at a Shakopee, Minnesota, fulfillment center plan a six-hour work stoppage on July 15, the first day…

Report: Amazon Penalizing Grocery Brands if Sales Result in Loss for Amazon on Prime Day
July 8, 2019 at 12:38 pm

Amazon.com is charging “additional funding” to certain grocery brands during this year’s Prime Day if sales of their products result in a loss for Amazon, according to an email seen by CNBC, and reported on its website. Amazon said the change is intended to “fund the profitability gap” of such products, which Amazon purchases wholesale…

Retail 2019: The Thinning of the Herd Continues
July 2, 2019 at 11:26 am

After a good start to the 2018 holiday selling season, December sales fell flat. Year-over-year (YOY) sales improved just 1.1 percent from December 2017, and overall holiday sales finished just 2.6 percent above 2017. Retailers felt the impact to their gross margin line and now face potential inventory issues due to lower-than-expected December sales. Thus…

Report: Toys"R"Us to Open New US Stores in 2019
June 24, 2019 at 2:45 pm

Defunct children’s retail chain Toys"R"Us will open about a half dozen U.S. stores and an e-commerce site this holiday season, roughly a year after shuttering U.S. operations, according to a report in Bloomberg. Richard Barry, a former Toys"R"Us executive who is now CEO of new entity Tru Kids Inc., has been pitching his vision to reincarnate…

Lululemon Men's-Only Stores Quietly Close
June 21, 2019 at 11:45 am

Lululemon Athletica Inc. has quietly closed its men’s standalone stores in New York City and Toronto, even as it plans to more than double its men’s business in the next five years. The retailer found that guests respond better to Lululemon “as a dual-gender brand,” spokeswoman Erin Hankinson told Bloomberg News when asked about the locations. “We…

Engagement Matters: But What Exactly is Meant by Engagement?
June 19, 2019 at 10:38 am

We noticed in the January/February 2019 Harvard Business Review there was a short article about “the limits of empathy.” Since we've been writing extensively over the last year about the importance of self-awareness and empathy, this caught our attention. The gist of the “argument” is that the idea of taking someone else’s perspective doesn’t necessarily…

Glitch Preventing Target Customers From Making Purchases Has Been Fixed
June 17, 2019 at 1:38 pm

Target said a systemwide outage that prevented customers from making purchases at its stores on Saturday has been fixed. The two-hour outage, which affected its cash registers, was caused by an internal technology problem, the retail chain said, without giving further details. “After an initial but thorough review, we can confirm that this was not…

Walmart Absorbing Jet.com Staff Into its Operations
June 14, 2019 at 1:39 pm

Walmart announced Thursday that it's eliminating the president position at Jet.com and folding the e-commerce company's divisions into its own. The reorganization is part of an effort to merge the brands after Walmart bought Jet for $3.3 billion three years ago. Walmart current Jet President Simon Belsham will oversee the transition through August before his position is eliminated. Reportedly,…

HBC Board Mulls Shareholders' Take-Private Bid
June 10, 2019 at 2:30 pm

Hudson's Bay Company (HBC) announced today that its board of directors has formed a committee of independent directors to review a proposal from a group of HBC shareholders who would like to take the company private at $9.45 per share. The shareholders, who collectively own 57 percent of the company, include HBC Governor and Executive…

Report: Walmart Appoints New Store No. 8 Head
June 5, 2019 at 2:15 pm

Walmart has hired Scott Eckert to run its investment arm and startup incubator, Store No. 8, according to an internal memo from Marc Lore, the retailer's head of e-commerce on Monday, and obtained by Reuters. Eckert is a former executive of Bain Capital Ventures, where he evaluated potential new investments and advised CEOs about existing…