Management

Walmart Discontinuing its Personal Shopping Service, Jetblack
February 14, 2020 at 9:01 am

Walmart said it will discontinue its personal shopping service, Jetblack, on Feb. 21. The announcement follows a report by The Wall Street Journal that the company ended talks to spin off the business and will now restructure it. Walmart had conversations with potential investors, including Microsoft, United Parcel Service and venture capital firms, according to the report. Jetblack notified customers…

Kohl's to Lay Off 250 Workers Following Weak Holiday Sales
February 13, 2020 at 2:08 pm

Kohl's is laying off 250 workers as it restructures parts of its business following a dismal holiday season, reports CNBC. As part of the job cuts, Kohl’s is getting rid of a layer of regional store leadership roles as well as restructuring teams in its merchant organization. The changes will help Kohl’s streamline communications and eliminate the…

Brandless, Billed as Amazon Alternative, is Shutting Down
February 11, 2020 at 10:12 am

Just two-and-a-half years after it launched, online store Brandless is shutting down. The company, which sold inexpensive, simply branded household, personal care, baby, and pet products, is no longer taking orders and has laid off 70 people. The last 10 employees still working at the company will process the remaining few customer orders and “evaluate any…

Birchbox Cuts 25% of Workforce to Reduce Costs
February 10, 2020 at 2:41 pm

Beauty products subscription service Birchbox plans to lay off 25 percent of its workforce to reduce costs. At least 44 employees will be affected in New York, out of a total workforce of 94, according to a notice filed with the state labor department. As part of the costs reduction plan, Birchbox also plans to move some…

Sun Com Mobile's Secret to Employee Retention
February 6, 2020 at 12:00 pm

With near record-low unemployment rates, most U.S. businesses are struggling to retain employees, and perhaps no industry is more challenged in this area than retail. The average turnover rate in the retail industry is just above 60 percent, according to the National Retail Federation. To combat high turnover rates, retailers are offering employees perks such as PayActiv Benefit, an employer-sponsored…

Forever 21 Enters Deal to Sell Retail Business for $81 Million
February 3, 2020 at 2:15 pm

Forever 21 has reached an $81 million deal to sell its retail business to a consortium made up of mall operators Simon Property Group and Brookfield Properties, and brand management firm Authentic Brands Group. In a bankruptcy court filing, the mall-based retailer said it's seeking approval to name the three as the lead "stalking-horse bidders" in an…

thredUP, PVH Corp. CEOs on 2020 Retail Trends and Company Growth
January 30, 2020 at 12:59 pm

Each year, the National Retail Federation Foundation releases The List of People Shaping Retail’s Future, a celebration of dynamic individuals shaping the industry. Total Retail had the opportunity to interview a pair of 2020 honorees, James Reinhart, co-founder and CEO, thredUP, and Manny Chirico, chairman and CEO, PVH Corp., as they walked the purple carpet at the…

Former Head of Victoria's Secret Jan Singer Named New J.Crew CEO
January 29, 2020 at 3:17 pm

J.Crew has named former head of Victoria's Secret and retail industry veteran Jan Singer as its new chief executive officer, effective Feb. 2, reports CNN. Singer is an experienced consumer, brand and retail leader, CEO and board member, having previously served in leadership positions at SPANX, Nike, Reebok, Kate Spade and other retailers. J.Crew has been searching…

The Times They Are A-Changin, for Corporations Too
January 29, 2020 at 2:25 pm

The past decade will be remembered as an era of great transformation. Transformation in the transportation industry, thanks to Lyft, Uber, and the evolution of self-driving vehicles. Transformation in the entertainment development and distribution space, courtesy of nimble companies like Spotify and Hulu, as well as more mature organizations like Netflix and Amazon.com. In the…