Management
December 2, 2020 at 7:04 pm
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…
November 30, 2020 at 5:10 pm
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…
November 30, 2020 at 10:23 am
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.
November 25, 2020 at 12:39 pm
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…
November 25, 2020 at 12:20 pm
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…
November 24, 2020 at 7:40 pm
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…
November 18, 2020 at 11:44 am
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…
November 16, 2020 at 5:34 pm
Guitar Center said last week that it expects to file for Chapter 11 bankruptcy protection after negotiating a debt-cutting deal with key investors and lenders. The country’s largest music instrument seller plans to emerge from protection before year’s-end with nearly $800 million less debt. By filing for Chapter 11 bankruptcy, Guitar Center would be able to continue…
November 16, 2020 at 11:56 am
Holiday shopping in the COVID era will be unlike anything modern retailers and consumers have experienced. With deals beginning in October and extending through December, U.S. retailers are downplaying the importance of Black Friday. Instead, they're focusing on making every day of the 2020 holiday season count. When it comes to the impact of COVID-19,…
November 10, 2020 at 2:15 pm
Target and Ulta Beauty announced a deal Tuesday to open makeup and skincare shops inside of hundreds of Target stores across the country. Target CEO Brian Cornell said starting in the second half of next year, shoppers will find a smaller version of an Ulta store in more than 100 of Target’s stores and on…
