Management

Foot Locker announced last week that Mary Dillon, the former executive chair and CEO of Ulta Beauty, has been appointed president and CEO and a member of the Foot Locker board, effective Sept. 1. She will succeed Richard A. Johnson, who will retire on the same day. Johnson will continue as executive chairman of the board through Jan. 31, 2023,…

Nike is again closing its global offices to encourage employee well-being, reports FootwearNews. This will be the athletic wear brand's second annual “Well-Being Week,” continuing efforts to give its employees rest and recovery. In addition to closing its corporate and Air Manufacturing Innovation (Air MI) offices, the retailer will give its retail store and distribution center staff a week’s…

How can retailers succeed in this new era of inflation, economic uncertainty and lightning-fast technological change? What companies will succeed, and which ones will fall behind? Of course, without a crystal ball, it's impossible to be sure. But looking at the emerging trends in retailing over recent years, a picture begins to emerge of those…

The direct-to-consumer pioneer and eyeware brand Warby Parker is eliminating 63 corporate positions, or 15 percent of its corporate workforce, Business Insider first reported this week. In an internal memo to employees, Warby Parker co-founders Neil Blumenthal and Dave Gilboa said the layoffs included customer-facing roles on the retail and consumer experience teams, as well…

The average turnover rate in the retail industry is slightly above 60 percent, according to the National Retail Federation. What does this high turnover rate mean for retailers? Not only do employers have a hard time retaining employees, but employees often have reduced morale and lack motivation to get tasks done accurately and efficiently, resulting…

There may be a day when you wake up and simply don't have the motivation to do your job anymore. When you think about going to work, you may feel helpless, trapped, detached or cynical. This lack of motivation or interest related to your job is commonly known as burnout. Managing this fatigue in the…

Convenience store chain 7-Eleven has cut roughly 880 corporate jobs in the United States, CNBC has learned, roughly a year after it completed its $21 billion acquisition of rival C-store and gas station business Speedway. The cuts were of certain jobs in the company’s Irving, Texas, and Enon, Ohio, support centers, as well as field…

Victoria's Secret & Co has cut about 160 management roles, or 5 percent of its home office staff, and hired a former Amazon.com executive as part of a reorganization following its separation from L Brands last year. The company also named executives to three key leadership roles reporting to Chief Executive Officer Martin Waters. Amy Hauk, who…

Gap Inc. CEO and President Sonia Syngal is stepping down from her position and from the company's board, effective immediately, the apparel retailer announced on Monday. Syngal will stay at the company during a brief transition period, and Bob Martin, the company’s current executive chairman of the board, will serve as interim president and CEO.…

When it comes to nurturing a successful frontline team in a retail environment, employee engagement has to be a top priority. However, many employers find engagement to be a slippery, elusive quality. According to a 2021 study, 73 percent of employees would consider leaving their current jobs. The struggle to engage and retain employees is one without…