Managing

Tuesday Morning Secures $32M in Debt Refinancing
September 12, 2022 at 2:36 pm

Tuesday Morning Corp., the Dallas-based off-price home goods retailer, has entered into an agreement to secure $32 million in debt financing from a special purpose vehicle (SPV) formed by Retail Ecommerce Ventures (REV) — the owner of Pier 1 Imports, Linens ‘n Things, Stein Mart, Modell’s Sporting Goods — and Ayon Capital LLC. Additionally, several members of…

Apple Workers at Maryland Store Vote to Unionize
June 20, 2022 at 5:20 pm

Employees at a Baltimore-area Apple store have voted to unionize, making it the first of Apple's 270-plus stores in the U.S. to join a union. In the election, 65 employees at Apple’s store in Towson, Md., voted in favor of being represented by the union, known as the Apple Coalition of Organized Retail Employees (CORE),…

Walmart Launches College2Career Program
May 16, 2022 at 8:13 pm

This summer Walmart is piloting a new College2Career program, which will give young professionals the chance to fast-track their careers by helping to run a multi-million-dollar business: one of its Walmart stores. According to a blog post on Walmart.com, the program is for recent college graduates and current college students within 12 months of graduating,…

L.L.Bean Sales Grow 14% During Second Year of Pandemic
March 21, 2022 at 7:06 pm

Increased consumer interest in outdoor lifestyles during the pandemic contributed to double-digit revenue growth for L.L.Bean in its 2021 fiscal year, according to company press release published on March 18. Sales for the outdoor retailer totaled $1.8 billion, a 14 percent increase over 2020, and making it one of L.L.Bean’s most successful years in company history. In…

Reports: Amazon, Walmart No Longer Requiring Masks for Vaccinated Employees
February 14, 2022 at 6:16 pm

Walmart and Amazon.com both said last week that it will not will no longer require vaccinated employees to wear masks while working in their facilities. In an internal memo to employees, Amazon said vaccinated employees in the U.S. have the option to work without masks beginning Feb. 11 where permitted by local regulations, Reuters reported last week. Amazon…

Walmart Raises Hourly Wages Again for Workers
September 6, 2021 at 7:12 pm

Walmart is raising hourly wages for more than 565,000 workers in the latest example of a large employer trying to attract and retain employees in a challenging labor environment. In a memo to employees obtained by CNN Business, Walmart President and CEO John Furner said that starting Sept. 25, associates working in the retailer's front…

Foot Locker to Shut Down Footaction Stores
May 24, 2021 at 7:22 pm

Foot Locker announced on Friday that it will close most of its 231 Footaction stores "to position its store fleet for the future" and "to focus growth on its iconic banners," according to a company press release. One-third of the Footaction locations will be converted into Foot Locker's other banners, such as Foot Locker and Champs…

5 Ways Retailers Can Control Costs
January 27, 2021 at 3:37 pm

As the COVID-19 pandemic continues to create challenges for retailers, entrepreneurs are re-examining their business models to see where they can better control costs while continuing to drive operational efficiencies. From my personal experience as a Yahoo Small Business advisor and brick-and-mortar store co-owner, I’d like to share my top tips for how retail owners…

NRF: 2020 Holiday Retail Sales Grew 8.3%
January 18, 2021 at 12:49 pm

Holiday retail sales rose a stronger-than-expected 8.3 percent from 2019, or $789.4 billion, according to data released by the National Retail Federation on Friday. Consumers apparently embraced the gift-giving season as a way to cheer themselves up during the pandemic. The numbers include online and other non-stores sales, which were up 23.9 percent at $209 billion. The NRF had forecast that sales during…

Walgreens to Hire 25,000 to Help Distribute COVID-19 Vaccine
December 14, 2020 at 5:16 pm

Walgreens expects to get its first doses of the COVID-19 vaccine on Dec. 21, and will start giving shots to nursing home residents and workers at nearly 35,000 long-term care facilities nationwide in the days leading up to Christmas. To administer the vaccine, Walgreens plans to hire 25,000 people across the U.S., including 9,000 pharmacists and other healthcare workers.…