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What would you say if your boss told you wouldn't have a boss anymore? No, you're not fired. Your organization is just redistributing power, eliminating managers and job titles. Sound crazy? The concept, known as Holocracy, is gaining steam at some reputable companies. Zappos, perhaps the most well-known adherent to Holocracy, just confirmed that nearly 14% of its staff (210 people, out of Zappo's total workforce of 1,503) have accepted an offer to take a buyout rather than ride out the transition to full-blown Holocracy, the Las Vegas Sun reports.
Home improvement retailer Lowe's has acquired the leases for 13 former Target locations in Canada, and plans to open up new stores that could employ as many as 2,000 people. The chain said it purchased the retail storefronts, as well as Target's former distribution hub in Milton, Ontario, for $151 million at an auction of the leases run by the court-appointed monitor overseeing the former retail chain's insolvency.
J.C. Penney is starting this pivotal year on an emotional high note. For the first time in five years, 1,000 store managers from across the nation were called to Dallas to collect some healing, recognition and inspiration for the tough times ahead. The company expects to report a first-quarter loss Wednesday, but that’s not a…
The fashion retailer reported another quarter of weak sales at its namesake brand, suggesting Gap’s turnaround could take longer than expected. For many Americans, Gap's namesake stores were once a go-to shopping destination for t-shirts and jeans. But now the Gap brand is in a deep funk that only seems to be worsening because of fashion miscues and nimble rivals that have eaten into its business. On Monday, Gap’s parent company provided the latest evidence of the chain’s struggles by reporting that comparable sales fell 10% last quarter. It was the fifth straight quarterly decline, and the worst performance since late 2011.
Thus far, “Facebook commerce” has flopped. Efforts by retailers, from Express to Urban Outfitters, to sell merchandise directly on the social network via virtual shops, “news feed stores” or catalogs have returned a negligible return on investment, at best. Experts say that failure reflects the mind-set of consumers when they’re on the site: they're not…
Joe Fresh is pulling out of 200 J.C. Penney stores in the U.S. as the company works to expand internationally.
A proposed $19 million settlement between MasterCard and Target over the retailer’s 2013 data breach can move forward.
Nike said Friday the company could bring thousands of jobs back to the U.S. if an Asian-Pacific trade agreement is approved.
Etsy could have a serious problem with fake goods, says a new report. As many as 2 million items could potentially be counterfeit.
Content, new categories, out-of-home advertising, events and authentic influencers are in Net-a-Porter’s customer acquisition toolbox