Training

Gen Z Retail Workers Will Expect AI-Native Workplaces. Companies Need to Catch Up
January 14, 2025 at 11:20 am

The future is here and Gen Z wonโ€™t be fooled by empty artificial intelligence calories. In 2025, Gen Zers (born between 1997 and 2012) entering the workforce will overtake baby boomers (born between 1946 and 1964) retiring. Gen Zโ€™s expectations for the work experience and the technologies they already embrace will be dramatically different thanโ€ฆ

Why LVMH and TAG Heuer Launched an Apprenticeship Program in the US
November 18, 2024 at 10:23 am

In episode 468 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Gena Smith, chief human resources officer at LVMH Moรซt Hennessy Louis Vuitton, a leading luxury goods group, and Beatrice Goasglas, president of TAG Heuer Americas, a luxury timepiece brand. Listen in as Smith discusses why LVMH expanded its Mรฉtiers dโ€™Excellence (ME) apprenticeship program inโ€ฆ

New York State Enacts Retail Worker Safety Act
October 16, 2024 at 1:10 pm

The Retail Worker Safety Act (S. 8358B) applies to each retail employer in New York with at least 10 employees working at a retail store. Retail employers are defined as those โ€œsell[ing] consumer commodities at retail and โ€ฆ not primarily engaged in the sale of food for consumption on the premises.โ€ The Act's Requirements Theโ€ฆ

Retail Industry Poised for Transformation Through AI-Driven L&Dย 
September 17, 2024 at 2:20 pm

While generative artificial intelligence technologies like ChatGPT have been increasingly adopted in the retail sector, the full transformative potential remains underutilized. Beyond AIโ€™s well-documented benefits in driving efficiency and reducing redundancies โ€” especially in areas like forecasting, strategic planning, and automating customer interactions โ€” it possesses a broader range of applications that can profoundly impactโ€ฆ

The Retention Revolution: How Retailers Can Turn the Tide on Employee Exodus
August 27, 2024 at 6:23 pm

High turnover rates and staffing challenges have long characterized the retail industry. In 2023, the Bureau of Labor Statistics (BLS) found the average rate of retail employee turnover to be around 60 percent in the U.S. โ€” far exceeding the national average by a whopping 15 percent. The seasonality of retail work only exacerbates theโ€ฆ

Why Big Retailers Are Paying for Their Employeesโ€™ Education
August 6, 2024 at 7:38 pm

The retail industry is at a turning point in its struggle to retain employees. According to a recent study by McKinsey & Company, almost half of retail frontline workers are considering leaving their jobs in the near future. The implications are significant, given that the industry employs more people than nearly any other. Turnover canโ€ฆ

Walmart Announces New Training Programs for Skilled Trades
June 6, 2024 at 2:27 pm

Walmart will begin offering new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers, reports CNBC. The big-box retailer said it will also offer hourly store workers a bonus of up to $1,000 per year. Walmartโ€™s new programs give employees more ways to move intoโ€ฆ

Ikea to Provide AI Literacy Training to 3,500 Employees
April 24, 2024 at 12:36 pm

Ikea announced earlier this month that it will be providing 3,000 staff and 500 leaders artificial intelligence (AI) literacy training in an effort to embed the technology across its organization and embrace the "future of technology and humanity," the company said in a news release. The courses offered include AI Fundamentals, Responsible AI, and Masteringโ€ฆ

The Upskilling Equation: How Much Should Retailers Budget for Workforce Education?
March 21, 2024 at 11:04 am

Between the rise of e-commerce and evolving consumer preferences, todayโ€™s retailers face many challenges. While layoffs might help cut costs in the short term, a more strategic and long-term approach to navigating the current landscape is to build a more skilled workforce. According to the World Economic Forum, six out of 10 workers will needโ€ฆ

Upskilling as the Solution to Retail Staffing Shortages
March 20, 2024 at 12:00 pm

Retail workers are quitting their jobs at an unprecedented rate, with almost half of all frontline U.S. retail employees contemplating turning in their pink slip in the next few months. Compared to only 38 percent of the U.S. workforce looking to exit their position, retail leaders are exceedingly worried about employee retention and how aโ€ฆ