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Management
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Staples Inc. is laying off hundreds of workers at its Framingham, Mass. headquarters, a move that analysts said suggests the company is preparing for the likelihood its planned merger with Office Depot Inc. wonโt win regulatory approval. The job cuts were confirmed by a current employee and a former employee, both of whom asked for anonymityโฆ
Staples Inc. shook up its management ranks and vowed to make the company more efficient, saying it may need to compete without its proposed Office Depot Inc. merger, a beleaguered deal that hasnโt won antitrust approval. Demos Parneros, Staplesโ president of North American stores and its online business, will step down by March 31, the companyโฆ
Dov Charney, the ousted founder of American Apparel, on Monday lost an 11th-hour bid to return to the troubled retailer, clearing the way for the company to exit from bankruptcy as early as next week. Judge Brendan L. Shannon of the Bankruptcy Court in Delaware gave his blessings to a plan backed by a majority ofโฆ
Can seasoned Abercrombie & Fitch marketer Craig Brommers make the Gap more fashionable with today's consumers? Following a sales slide during the holiday season, Gap has named Brommers senior vice president of global marketing for its namesake brand. He succeeds Seth Farbman, who departed a year ago, and went on to helm marketing at digital musicโฆ
A funny thing has happened on the road to selling Cabelaโs, the giant retailer of hunting, fishing and outdoor gear. The company, instead of placing the entire 27-store chain on the block, has decided to first sell its highly profitable credit card operation, The Post has learned. And since Cabelaโs is seeking special conditions to theโฆ
Ron Garriques has resigned as chief executive officer at RadioShack less than a year after taking over at the downsized Fort Worth consumer electronics chain. A company representative confirmed the departure on Wednesday, saying that Garriques stepped down โto pursue other interests in a role that will put him back closer to his family.โ Chief Financialโฆ
Most Wal-Mart employees in the U.S. will get a raise next month as part of the second phase of the company's commitment to higher wages. More than 1.2 million workers at Wal-Mart and Sam's Club will see a pay bump on Feb. 20, in line with the company's promise to bring its minimum hourly wage upโฆ
Under Armour has grown from humble beginnings โ company founder Kevin Plank started the company from his grandmotherโs basement in Washington, D.C. โ into a worldwide brand thatโs represented by some of the leading athletes today, including Tom Brady, Jordan Spieth, Stephen Curry, Misty Copeland, and many others. While having those stars associated with theโฆ
For the past two years, quirky culture enthusiast and Zappos CEO Tony Hsieh has fascinated the business press with his radical experiment in self-governing management. Early on, I did a feature on the brand's so-called "Holacracy" management method (called "teal" internally), which abolishes traditional hierarchy and replaces bosses with an overlapping network of self-managed teams.โฆ
Macy's CEO Terry Lundgren said Tuesday the company is taking a more professional view of its real estate assets than ever as it faces pressure to unlock their value. Earlier this month, Starboard Capital urged Macy's to follow through with plans to spin off its real estate holdings in order to raise more cash at aโฆ