Management
August 22, 2023 at 6:54 pm
Dick’s Sporting Goods reported a 23 percent drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft. The sporting goods retailer also implemented aggressive markdowns to clear out excess inventory in its outdoor category, reports CNBC. On Tuesday, Dick's announced a “business optimization” plan that includes cutting jobs and streamlining…
August 17, 2023 at 6:08 pm
Walmart has announced major leadership changes within the company, with Judith McKenna, president and CEO of Walmart International, set to retire after 27 years with the retailer. Effective Sept. 11, Kath McLay will take over as the president and CEO of Walmart International, while Chris Nicholas will assume the role of president and CEO of Sam’s Club U.S., Walmart President and…
August 7, 2023 at 5:27 pm
Kim Kardashian’s private equity firm, SKKY Partners, has added former senior vice president of Apple Retail Angela Ahrendts as senior operating adviser, according to an Aug. 7 report in The Wall Street Journal. Ahrendts, who is also the former CEO of British luxury fashion house Burberry, will work with Kardashian, her business partner Jay Sammons, and…
August 1, 2023 at 5:11 pm
CVS is reportedly cutting around 5,000 jobs amid its new focus on healthcare, reports PYMNTS. The cuts are primarily centered around corporate-level positions and aren’t expected to involve jobs at the company’s stores, pharmacies or clinics. News of the layoffs comes six months after CVS announced it was acquiring primary care provider Oak Street Health for $10.6 billion. In recent…
July 26, 2023 at 4:25 pm
Gap Inc. announced that it has appointed Mattel executive Richard Dickson to become its next CEO. Dickson, the chief operating officer at Mattel, will replace interim CEO Bob Martin on Aug. 22. He will be tasked with overseeing the global portfolio that includes Old Navy, Gap, Banana Republic, and Athleta. The company had been facing a sales slump…
June 21, 2023 at 4:35 pm
Today’s retailers are faced with a multitude of challenges and transformative initiatives throughout their organizations. Finding the right talent, establishing the right workflow and investing in the right technology are of equal importance in creating the new retail organization. To better define what a successful retail org looks like, we asked three of Columbus Consulting’s…
June 21, 2023 at 10:13 am
About 340,000 UPS workers who make up the Teamsters union for the company voted overwhelmingly on Friday to strike if their demands for higher wages, more full-time jobs, increased workplace safety and a ban on forced overtime aren't met by July 31 in a new contract. The current contract between the shipping company and the…
June 19, 2023 at 1:42 pm
Retail sales rose again in May as consumers continued to spend despite economic challenges, the National Retail Federation (NRF) said last week. NRF’s calculation of retail sales -- which is based on U.S. Census Bureau data but excludes automobile dealers, gasoline stations and restaurants to focus on core retail -- showed overall retail sales in…
June 7, 2023 at 8:39 am
Winning an industry award is like earning special recognition that can make a big difference for retailers. It's not just a shiny trophy on a shelf; it has the power to boost a brand's reputation and increase sales. When a retailer wins an award, it exemplifies being trustworthy, reliable and respected. Customers look for these…
June 6, 2023 at 4:43 pm
Bed Bath & Beyond is in talks to sell its Buybuy Baby chain to retail investment firm Go Global Retail, The Wall Street Journal (WSJ) reported on Monday, citing people familiar with the matter. Go Global Retail owns children's clothing brand Janie and Jack and womenswear label ModCloth, which it acquired from Walmart. It primarily invests…
