Personnel

Attracting and Retaining Talent in the Retail Industry
February 28, 2024 at 12:52 pm

Being a manager in any industry is tough. Being a manager in the retail industry is especially so considering challenges caused by high employee turnover rates. At 60.5 percent, the retail and wholesale industry has the highest turnover rate of any industry, and it’s triggered by employees wanting more workplace flexibility, better pay and compensation,…

Employees Prefer Gift Cards for Incentives
February 22, 2024 at 6:36 pm

With the best talent in high demand, businesses are turning to creative solutions to hire and retain productive employees. As these businesses look for innovative incentives, their employees are pointing to a simple yet highly effective solution: gift cards. There's a reason why gift cards are a mainstay in our wallets and the preferred gift…

Hasbro Announces Job Cuts Amid Weak Toy Sales
December 12, 2023 at 7:32 pm

Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC. Hasbro had about 6,300 employees as of earlier this year, according to a company fact sheet. The company, which already laid off hundreds of employees…

VF Corp. Lays Off 500 as Part of Turnaround Strategy
November 30, 2023 at 5:04 pm

Denver-based apparel company VF Corp. confirmed Wednesday it will lay off 500 of its workers globally. The company — one of the world’s largest apparel, footwear and accessories retailers with brands like Vans, The North Face, Timberland, and Dickies — reported second quarter fiscal 2024 results on Oct. 30, with revenue down 2 percent. The earnings report also…

A CX Day Reflection: Unlocking the Synergy Between CX and EX in Retail
November 21, 2023 at 10:51 am

We're now in the afterglow of Customer Experience (CX) Day, a day when organizations roll out the red carpet for everyone involved in customer experience. Yet, for those in the retail game, CX Day stands as a reminder that it’s not just one day but really every day that should be dedicated to addressing and…

The Rise of Predictive Scheduling: What Employers Need to Know in 2024
November 13, 2023 at 9:51 am

Predictive scheduling is one of the latest trends in the ever-evolving labor and employment law landscape. Particularly targeting workers in the fast food, hospitality, and other retail environments, predictive scheduling is gaining momentum throughout the United States, while adding a layer of complexity to wage and hour compliance. In this article, we explore the current…

Walgreens Pharmacy Employees Plan Walkout at US Stores
October 9, 2023 at 4:51 pm

Employees at one of the largest drugstore chains in the United States say harsh working conditions make it difficult to safely fill prescriptions, which could put the health of their customers at risk. Now they’re demanding change by staging a series of walkouts across the country. Pharmacy employees at some Walgreens stores, including pharmacists, technicians and support…

Lowe's to Give Over $100M in Bonuses to Frontline Workers This Quarter
August 23, 2023 at 3:20 pm

In its second-quarter earnings report, Lowe's announced it would be doling out over $100 million in discretionary and profit-sharing bonuses to its frontline employees. The home improvement retailer employs roughly 300,000 associates, according to its website. Payscale, a compensation software and data company, estimates the average hourly rate at Lowe's to be $14.74. Shares of…

The Ways AI Will Transform Your Retail Workforce
August 21, 2023 at 12:14 pm

Between 2023 and 2028, artificial intelligence in retail markets is expected to grow from $7.3 billion to upwards of $29.45 billion — more than a 400 percent increase. But when most of us imagine how those innovations and implementations will transform the retail world, we tend to only focus on how those technologies benefit consumers. However, the…

Why Investing in Employees is Essential for Retail Survival
August 16, 2023 at 12:36 pm

Employees are an essential component in any brick-and-mortar store and play an important part in creating a positive customer experience. To stay competitive against online retailers such as Amazon.com, physical stores need to invest in their employees and ensure their satisfaction is at its peak. Given the present job market, this has escalated in importance.…