Management

Procter & Gamble Acquires Walker & Company
December 13, 2018 at 2:28 pm

Procter & Gamble, the consumer packaged goods company known for such household staples as Tide and Old Spice, will acquire Walker & Company Brands, the company that makes health and beauty products for people of color launched by entrepreneur Tristan Walker five years ago. Walker & Company Brands will operate as a separate and wholly-owned…

Walgreens, FedEx Partner on Next-Day Prescription Delivery Service
December 10, 2018 at 2:53 pm

Walgreens and FedEx last week announced the nationwide launch of a next-day prescription delivery service called Walgreens Express. The service, both companies said, brings together Walgreens’ extensive network of neighborhood pharmacy locations with the FedEx air-and-ground delivery network to enhance convenience for patients to fill prescriptions. Walgreens will charge $4.99 for the next-day delivery service, and orders…

Sears Chairman Makes Bid to Buy 500 Stores, Save Brand
December 7, 2018 at 2:45 pm

In this episode of Retail Right Now, Total Retail's Caitlin Sullivan and Joe Keenan discuss the bid from Sears Chairman and former CEO Eddie Lampert's company ESL Investments to purchase 500 of the retail chain's stores for $4.6 billion. This offer comes as a last-ditch effort to save the brand from potential liquidation, but may not…

Report: Sears Employees Ask for Severance
December 3, 2018 at 1:18 pm

Dozens of current and former Sears Holdings Corp. employees sent a letter to Chairman Edward Lampert and other creditors on Thursday, asking them to pay severance and save as many jobs as possible as the retailer goes through bankruptcy, The Wall Street Journal reported. "While we understand Sears and Kmart must make changes to survive, we…

J.Crew Discontinues Budget Line, Amazon Deal in Question
November 30, 2018 at 1:01 pm

J.Crew will discontinue its budget clothing line Mercantile a little less than three months after the company announced it was opening a dedicated storefront for the brand on Amazon.com. A spokesperson for J. Crew confirmed the decision to CNBC. The company informed employees of the news in an internal memo Thursday, which was seen by The…

Diane Ellis to Step Down as Chico's Brand President
November 29, 2018 at 12:16 pm

Chico's FAS announced yesterday that Diane Ellis, president of the Chico's brand, will depart the company Nov. 30. The company has initiated a search to identify Ellis’ replacement. In the interim, the Chico's brand will be led by Shelley Broader, Chico's FAS CEO and president. "We're committed to improving the performance of our Chico's brand,…

How Technology Can Help You Manage Peak Season Madness
November 29, 2018 at 10:04 am

It’s no secret to retailers that the rush of holiday peak season shopping is steadily increasing. According to the National Retail Federation, holiday retail sales increased 5.5 percent in 2017, reaching an all-time high. While this increasing shopper demand is good for the bottom line, it can spell labor management challenges for retailers. Unemployment is…

Gymboree Considering Closing Half its Stores
November 28, 2018 at 11:53 am

Gymboree is considering closing more than half of its approximately 900 stores, people familiar with the matter said on Tuesday. The move would be a setback for the retailer of infant and children’s clothing after it emerged from bankruptcy last year. Gymboree was one of the few brick-and-mortar retailers that managed to escape liquidation in a wave…