Management

Many retailers are continuing to pivot and adjust business strategies months into the COVID-19 pandemic. In this video clip from November's Women in Retail and Total Retail Virtual Exchange, Aaron Sanandres, co-founder and CEO of UNTUCKit, shares how the retailer has re-evaluated its business as a result of the coronavirus pandemic. He discusses how UNTUCKit has…

Walgreens expects to get its first doses of the COVID-19 vaccine on Dec. 21, and will start giving shots to nursing home residents and workers at nearly 35,000 long-term care facilities nationwide in the days leading up to Christmas. To administer the vaccine, Walgreens plans to hire 25,000 people across the U.S., including 9,000 pharmacists and other healthcare workers.…

Women’s boutique chain francesca's filed for Chapter 11 bankruptcy protection last week, with plans to sell the business, including its brick-and-mortar stores. In a statement announcing the bankruptcy filing, francesa's said it was obtaining $25 million in financing from its existing lender, Tiger Finance, to facilitate the retail stores sales process, subject to court approval.…

Earlier this week, Kohl’s and Sephora announced a long-term strategic partnership. This collaboration is to create a new era of elevated Beauty at Kohl's, which will connect Kohl's expansive customer reach and omnichannel convenience with Sephora's quality service, product selection and exceptional beauty experience. According to a Kohl's press release, the partnership will be called "Sephora…

Investors, journalists, politicians, tech founders and retail industry pioneers have all paid tribute to Tony Hsieh, the well-known founder of Zappos.com, after his death was announced this past weekend. Hsieh died on Nov. 27 at 46 from injuries sustained during a house fire in Connecticut, according to multiple reports. In 2009, Amazon acquired Zappos, an online…

Ming Lu, chief technology officer at eBay Classifieds Group, Emerging Markets, shares takeaways from his global e-commerce career and explains the people-first philosophy that guides his management style.

The retail industry has faced numerous challenges during the pandemic. As a result, Glassdoor has seen a nearly 25 percent decrease in listings in retail industry jobs as of June 2020. While retailers like Walmart have actually hired more temporary workers, J.C. Penney and Macy’s have resorted to letting go of staff in order to…

Budgeting for the new year isn’t always easy to plan for, especially in unprecedented times. In order to gain deeper insights into retail, I turned to industry veterans Rich Pedott and Daniel Binder of Columbus Consulting. One way to streamline the process of keeping budgets in check while accommodating vendors is to use artificial intelligence…

DICK'S Sporting Goods on Tuesday announced that its current president, Lauren Hobart, will succeed Ed Stack as chief executive on Feb. 1, reports CNBC. Stack will transition to executive chairman and remain chief merchant, the company said. Following stints at PepsiCo, Wells Fargo, and JPMorgan, Hobart joined DICK'S in February 2011 as senior vice president and…

The death of the mall, the rise of e-commerce, the increased focus on fitness, family gatherings, a better way to work, and the creation of new traditions have been at the forefront of "upcoming" trends being bantered for the past couple of years. Conveniently enough, the pandemic has condensed a decade of possibility into what…