Management

As news of Forever 21 store closings trickle in across the country, the apparel retailer is set to lay off over 350 employees from its Los Angeles corporate office, which it also plans to close, reports USA TODAY. Layoffs are expected to begin on April 21, according to a Feb. 14-dated WARN notice, which is…

Kroger said on Monday CEO Rodney McMullen has resigned after a board investigation found that his personal conduct was "inconsistent" with certain company policies. The conduct is not related to financial performance, operations or reporting, and it did not involve any Kroger associates, the company said. The surprise ouster of the 64-year-old executive comes after…

Retailers broke records over the holidays as Americans opened their wallets, supported by a strong job market. But that same job market, with low unemployment rates, means retailers struggled to recruit and retain the workers needed for the hectic shopping bonanza. For retail workers — who represent 26 percent of the U.S. labor force —…

Fabrics retail chain Joann will shutter all of its approximately 800 locations after failing to find a buyer that would keep its stores open, reports CNBC. In January, the retailer filed for Chapter 11 protection for the second time in a year, saying that inventory shortages had forced it to back into bankruptcy. In a…

Amazon.com has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced Monday. Buechel became CEO of Whole Foods in 2022 after co-founder John Mackey retired from the company. In his expanded role leading Amazon’s grocery business, Buechel will succeed Tony Hoggett, who left Amazon last October to join Wonder,…

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The company behind Reebok‘s operations is laying off employees in the brand’s footwear business as it reworks the licensing strategy for the brand, reports FootwearNews. SPARC Group, the joint venture between Authentic, Simon Property Group, and Shein that runs Reebok’s U.S. operations, has reorganized the athletic brand's footwear business as it looks to transfer licenses…

Activist investor Barington Capital revealed Monday it has a position in Macy's and wants the company to cut spending, explore selling its luxury brands, and take a hard look at its real estate portfolio. It marks the fourth activist push at the struggling department store in the last decade. The activist has partnered with private equity firm Thor…

With the holiday season upon us, retailers are presented with one of the year’s biggest opportunities to drive revenue and customer loyalty. To master this seasonal rush, thoughtful planning across inventory, staffing, marketing and customer experience is key. Here’s how retailers can strategically navigate these elements to make the most of the holiday season. Start…

How are American consumers showing confidence in this economy? By going shopping: in-store, online, and at home. According to Statista, in 2023, the retail market grew by 4.11 percent, reaching $8.29 trillion, with the home services sector playing a significant role. Valued at $90.63 billion, according to Grand View Research, home services are expected to…