Management
June 24, 2020 at 5:58 pm
The 85-year-old vitamin and dietary supplement company GNC has announced it's filing for bankruptcy and closing up to a quarter of its stores, CNN reported. The retailer has nearly $1 billion in debt, and is looking for a buyer. GNC has faced declining sales at its brick-and-mortar locations since before the coronavirus pandemic. However, CNN…
June 22, 2020 at 3:26 pm
Bed Bath & Beyond (BB&B) wants to sell its Christmas Tree Shops and Cost Plus World Market chains. BB&B bought Christmas Tree Shops in 2003 and Cost Plus in 2012. Christmas Tree Shops operates 80 stores across the country, according to its website. Cost Plus operates about 260. Separately, BB&B laid off hundreds of employees in New Jersey…
June 20, 2020 at 10:37 am
Welcome to this week's Retail Resources, which features a curated list of the best content and resources I've found for you over the past week. This week, I offer information and resources about leadership, COVID-19 recovery readiness as stores and offices begin to slowly open, and wellness. As always, if there's anything you would like me…
June 12, 2020 at 4:49 pm
The Children’s Place plans to reduce its store footprint by one-third by the end of fiscal year 2021 as part of an ongoing effort to shift its core business online. Three hundred of the company’s 920 stores in the United States, Canada and Puerto Rico are slated to be closed, with 200 closures planned for…
June 11, 2020 at 7:29 pm
Gap Inc. is closing its trendy athleticwear brand Hill City less than two years after it launched. The apparel retailer said in a blog post on Thursday that it made the decision to close Hill City in order to dedicate its resources to its larger brands — Gap, Banana Republic, and Old Navy. Hill City was launched…
June 4, 2020 at 7:16 pm
Dreamr, a specialized, full-service brand box firm founded by Women in Retail Leadership Circle (WIRLC) partner Patti Hester, has launched the Gratitude Box project, a nonprofit program that enables consumers to gift care boxes to frontline healthcare heroes, first responders, and essential workers who are risking their lives with selfless acts during the COVID-19 crisis.
June 3, 2020 at 5:21 pm
Well before the COVID-19 crisis began, a shift was taking place in consumerism, away from the value economy we've grown up with — where price over quality was the standard formula for how customers evaluated what constituted good value for money — toward a more complex set of considerations, toward a values economy. Who made…
June 2, 2020 at 4:24 pm
Online retailer and styling service Stitch Fix said Monday that it plans to lay off 1,400 stylists based in California between now and the end of September, reports CNBC. The company plans to hire 2,000 stylists in other U.S. locations like Dallas, Minneapolis, and Austin, Texas, between the summer of 2020 and into next year. Laying…
May 29, 2020 at 2:04 pm
We’re living in an unprecedented time — and it’s drastically affecting retail employees. After all, none of us expected to live through a global pandemic that would uproot economies around the world. Retail employees are working harder than ever, and many must also deal with reduced hours, layoffs, or furloughs. That makes it all the…
May 27, 2020 at 6:55 pm
Discount retailer Tuesday Morning filed for Chapter 11 bankruptcy this week and plans to shutter 230 of its stores due to the coronavirus pandemic, CNBC reported. Tuesday Morning said it plans to permanently close a third of its nearly 700 stores and exit Chapter 11 in the early fall with about 450 locations. During the…
