Management
February 11, 2020 at 10:12 am
Just two-and-a-half years after it launched, online store Brandless is shutting down. The company, which sold inexpensive, simply branded household, personal care, baby, and pet products, is no longer taking orders and has laid off 70 people. The last 10 employees still working at the company will process the remaining few customer orders and “evaluate any…
February 10, 2020 at 2:41 pm
Beauty products subscription service Birchbox plans to lay off 25 percent of its workforce to reduce costs. At least 44 employees will be affected in New York, out of a total workforce of 94, according to a notice filed with the state labor department. As part of the costs reduction plan, Birchbox also plans to move some…
February 6, 2020 at 12:00 pm
With near record-low unemployment rates, most U.S. businesses are struggling to retain employees, and perhaps no industry is more challenged in this area than retail. The average turnover rate in the retail industry is just above 60 percent, according to the National Retail Federation. To combat high turnover rates, retailers are offering employees perks such as PayActiv Benefit, an employer-sponsored…
February 3, 2020 at 2:15 pm
Forever 21 has reached an $81 million deal to sell its retail business to a consortium made up of mall operators Simon Property Group and Brookfield Properties, and brand management firm Authentic Brands Group. In a bankruptcy court filing, the mall-based retailer said it's seeking approval to name the three as the lead "stalking-horse bidders" in an…
January 30, 2020 at 12:59 pm
Each year, the National Retail Federation Foundation releases The List of People Shaping Retail’s Future, a celebration of dynamic individuals shaping the industry. Total Retail had the opportunity to interview a pair of 2020 honorees, James Reinhart, co-founder and CEO, thredUP, and Manny Chirico, chairman and CEO, PVH Corp., as they walked the purple carpet at the…
January 29, 2020 at 3:17 pm
J.Crew has named former head of Victoria's Secret and retail industry veteran Jan Singer as its new chief executive officer, effective Feb. 2, reports CNN. Singer is an experienced consumer, brand and retail leader, CEO and board member, having previously served in leadership positions at SPANX, Nike, Reebok, Kate Spade and other retailers. J.Crew has been searching…
January 29, 2020 at 2:25 pm
The past decade will be remembered as an era of great transformation. Transformation in the transportation industry, thanks to Lyft, Uber, and the evolution of self-driving vehicles. Transformation in the entertainment development and distribution space, courtesy of nimble companies like Spotify and Hulu, as well as more mature organizations like Netflix and Amazon.com. In the…
January 24, 2020 at 1:11 pm
In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss Total Retail’s recently released report, 50 Best Retail Tips of 2019. To create this resource, Total Retail's team pored over every piece of content published on its website in 2019 to identify the 50 very best tips of the year.…
January 21, 2020 at 1:28 pm
Tailored Brands said last week that it would sell its Joseph Abboud trademarks to WHP for $115 million, but will retain exclusive rights to sell and rent Joseph Abboud-branded apparel and related merchandise in the U.S. and Canada. Tailored Brands, an omnichannel specialty retailer of menswear also owns the Men's Wearhouse, Jos. A. Bank, Moores Clothing…
January 21, 2020 at 1:14 pm
Total Retail is excited to present to you its 50 Best Retail Tips of 2019! For this annual report, the Total Retail editorial team spent time in last year's fourth quarter poring over each piece of content we created in 2019 to identify the 50 very best tips of the year. We reviewed the content published in…
