Management
July 13, 2016 at 11:24 am
Starbucks announced it will raise the wages of all workers in its U.S. stores this October. The announcement comes after complaints from Starbucks’ employees about "extreme" cutbacks of work hours in its U.S. cafes. In addition to the wage increase, Starbucks will also double the annual stock reward to hourly employees who have worked in…
July 12, 2016 at 1:29 pm
Staples on Monday named Steve Matyas, a 25-year veteran of its Canadian business, as the new head of its North American retail operations. Matyas had served as president of Staples Canada since July 2000. He was also the first employee at Business Depot Ltd. in Canada in March 1991. Staples acquired Business Depot in August…
July 11, 2016 at 1:42 pm
Burberry replaced Christopher Bailey as its CEO on Monday, ending the project of having him both lead the fashion house and serve as its chief creative officer. The luxury goods maker named Marco Gobbetti, CEO of French luxury brand Celine, as its new chief executive. He will take over in 2017. Bailey will stay on as chief…
July 7, 2016 at 9:47 am
Barneys New York Majority Owner Richard Perry is looking to sell part of the company. The hedge fund manager reportedly doesn’t want to put any more money into the business after opening a 58,000-square-foot Chelsea store. This comes after first-quarter, same-store sales dropped 10 percent from last year. Perry took control of the retailer in…
June 29, 2016 at 10:50 am
Subscription beauty service Birchbox has let go an additional 30 employees, this coming five months after the startup cut 15 percent of its staff. Birchbox Founder and CEO Katia Beauchamp announced in a blog post on Tuesday that the original cuts (50 of 300 employees) were too conservative. This week's layoffs are part of a…
June 28, 2016 at 4:16 pm
Starting in next year's first quarter, Macy’s will have a new CEO to take on struggling sales and address the greater challenges surrounding the way people shop. Macy's current chief executive, Terry J. Lundgren, will step down and cede the top spot to the company's current president, Jeff Gennette. Lundgren will stay on as executive…
June 27, 2016 at 11:55 am
The National Retail Federation (NRF) told the House Small Business Committee last week that new federal overtime regulations will lead to hiring freezes and layoffs for full-time workers if enacted as planned Dec. 1. The NRF urged committee members to support the Protecting Workplace Advancement and Opportunity Act, which would pause implementation of the new regulations and require…
June 23, 2016 at 12:28 pm
Macy’s announced that Jeff Gennette will be the company’s new CEO, replacing Terry Lundgren beginning in the first quarter of 2017.
June 21, 2016 at 1:05 pm
There’s been much debate across the nation in recent months over increasing the minimum wage to $15. Perhaps no other industry would be more affected by such legislation than retail. In particular, Wal-Mart has often been used by proponents of the legislation as the poster child for a higher wage floor. But is that fair?…
June 15, 2016 at 12:08 pm
Find out what major retailers took the pledge to close the gender wage gap; which e-tailer Bed Bath & Beyond just acquired; how Office Depot and Staples are stepping up their back-to-school fight; and how Facebook is entering the brick-and-mortar space.
