Managing

Neiman Marcus Group to Emerge From Chapter 11 Bankruptcy by Sept. 30
September 7, 2020 at 11:58 am

Neiman Marcus Group announced last week that it expects to emerge from Chapter 11 bankruptcy by Sept. 30 under a restructuring plan that's likely to eliminate more than $4 billion of its debt and more than $200 million of interest expense. The upscale retail chain said certain institutional investors will fund a $750 million exit financing package. The…

Lord + Taylor, Tailored Brands File for Bankruptcy Protection
August 3, 2020 at 5:49 pm

Lord + Taylor, one of America's oldest department stores, has filed for bankruptcy, joining a growing list of stores slammed by the coronavirus pandemic. In addition, Tailored Brands, the parent company of Men's Wearhouse and JoS. A. Bank, also filed for bankruptcy. Lord + Taylor, which was sold to rental clothing company Le Tote last…

Key Takeaways From the July Women in Retail and Total Retail Virtual Exchange
July 23, 2020 at 4:27 pm

In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss the July installment of the Women in Retail and Total Retail Virtual Exchange, which occurred earlier this week. This Virtual Exchange featured exclusive interviews with leading retail executives, including Rachel Shechtman, founder, STORY; Ben Kaufman, CEO, CAMP; Rodney Hutton, chief…

Diversity and Inclusion, Leadership, Fun Stuff and More
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…

The Top 5 Time-Saving Apps for Retail Managers
June 22, 2020 at 5:40 pm

We all wish we had more time. But the problem with time is that we can’t just make more hours appear from thin air. We each get 24 hours a day, so it’s vital we use those hours to our advantage. However, the busier you are, the less time you seem to have. And in…

J.C. Penney Files for Bankruptcy Protection
May 17, 2020 at 4:48 pm

J.C. Penney filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale. The department store chain, known for selling family apparel, cosmetics and jewelry at 850 locations, said it reached an agreement with existing lenders for $900 million of debtor-in-possession financing to aid operations while it navigates…

Reports: J.Crew, J.C. Penney, Neiman Marcus Group May File for Chapter 11 by Mid-May
May 3, 2020 at 8:12 pm

Three high-profile, but struggling retailers — J.Crew Group, Neiman Marcus Group, and J.C. Penney Co. — may be preparing to file for Chapter 11 bankruptcy protection by mid-May, according to several reports. Here are some details: J.Crew is working to secure $400 million to fund operations in bankruptcy. The privately held retailer was already struggling with a heavy debt load, but its…

COVID-19 Resources: Leadership, Data, Employment Info., and Fun Stuff
May 3, 2020 at 7:36 pm

Welcome to this week's Retail Resources blog post, a curated list of the best content and resources I've seen over the past week that I hope will help you navigate through the coronavirus pandemic. This week I offer information about leadership, interesting data, employment information, and fun stuff that will hopefully help improve your spirits!…

COVID-19 Resources: Legislative Updates, Leadership Strategies and Fun Stuff
April 26, 2020 at 6:58 pm

Welcome to this week's Retail Resources, a blog created to offer retailers the most relevant information and resources from the past week to help you lead during this challenging time. If there's anything you would like me to share in a future post, please let me know by dropping me a line at mcampanelli@napco.com. Legislative Updates…

Walmart to Hire 50,000 More Workers Amidst Coronavirus Pandemic
April 19, 2020 at 5:08 pm

Walmart is planning to hire an additional 50,000 associates to help deal with the sustained demand for its merchandise during the coronavirus pandemic, according to an April 17 blog post from Donna Morris, Walmart's executive vice president and chief people officer. In addition, Morris said Walmart has met its hiring goal of 150,000 employees during the crisis. In the post, Morris said…