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210 Zappos Employees Respond to Holacracy Ultimatum: We're Out
May 12, 2015 at 4:54 pm

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.

Lowe's Canada Acquires 13 Former Target Locations
May 12, 2015 at 4:43 pm

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 Has Designs on $2B Turnaround From Ill-Fitting Makeover
May 12, 2015 at 4:42 pm

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…

Gap Brand's Sales Declines Keep Getting Worse
May 12, 2015 at 4:42 pm

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.

5 Ways Facebook Messenger Could Be a Game Changer for Retailers
May 12, 2015 at 4:42 pm

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…