Management
October 22, 2020 at 7:21 pm
Gap Inc., which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing 220 of its namesake Gap stores — or one-third of its store base — by early 2024. That will result in 80 percent of its remaining Gap stores being in off-mall locations. As part…
October 21, 2020 at 2:47 pm
Target said earlier this week that it will spend more than $70 million on another round of employee bonuses during the coronavirus pandemic, as the holiday shopping season picks up. The retailer will pay $200 to its more than 350,000 employees who work at stores, distribution centers and contact centers. It will pay the bonuses by early…
October 14, 2020 at 5:05 pm
Amazon.com workers are signing an internal petition asking the company to give them paid time off to vote in the United States election, CNBC reported. The petition requests Amazon provide its entire U.S. workforce with paid time off to vote on or before election day. According to CNBC, more than 4,000 Amazon employees have signed…
October 14, 2020 at 12:27 pm
As we enter an unprecedented holiday shopping season, consumers are curious about how retailers plan to prioritize safety. The truth is, e-commerce is booming, and an attractive option for many shoppers. However, there are other ways that retailers can give their customers peace of mind. Display Your Cleaning Process According to a recent study, consumers…
October 8, 2020 at 6:10 pm
Many retail categories saw an uptick in online sales over the past couple of months. By mid-April, U.S. retailers’ year-over-year revenue growth was at 68 percent. Buy online, pick up in-store (BOPIS) orders also experienced quite the surge. In fact, Walmart Grocery quickly became the No. 1 most downloaded shopping app in early April. However,…
October 7, 2020 at 5:54 pm
Lowe's announced yesterday that it will give $100 million more in bonuses to hourly employees, as strong demand for home improvement continues. It marks the sixth time the home improvement retailer has given additional pay to workers at its stores, distribution centers and support centers during the coronavirus pandemic. It gave bonuses to part-time, full-time and seasonal…
October 5, 2020 at 7:22 pm
Consumer spending has recovered from the coronavirus pandemic more quickly than expected, but forecasting 2020 holiday sales is like assembling a jigsaw puzzle without all the pieces, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said in a press release from the trade association. “I'm cautiously optimistic about the fourth quarter in terms of the…
September 28, 2020 at 4:23 pm
Ryan Gellert was named CEO for Ventura, Calif.–headquartered Patagonia Works, the holding company for the influential outdoor brand Patagonia Inc. as well as separate Patagonia divisions in food, media, investments and joint ventures. Gellert previously served as the general manager for Patagonia’s EMEA/Europe, Middle East and Africa office, which is headquartered in Amsterdam. He came to Patagonia after…
September 17, 2020 at 11:56 am
After six months of slumped sales because of the coronavirus pandemic, Kohl's announced this week that it was reducing its corporate workforce by around 15 percent. The department store chain has taken a hit during the pandemic that closed all of its more than 1,100 stores this spring. Net sales were down 32.8 percent in the six…
September 15, 2020 at 4:46 pm
We’ll address how, through proper communication and training, Sephora was able to set its employees up for success while reopening.
