Management

J.C. Penney is closing its distribution center in Wauwatosa, Wis. and cutting 670 jobs. USA Today reports the retailer will begin shutting down the 2 million-square-foot warehouse and customer service operation this summer. The move comes as J.C. Penney looks to reduce its supply chain network, which "is oversized relative to its national store footprint," company…

Barnes & Noble confirmed Tuesday that a new labor model in its stores will result in job cuts. The move will help the bookstore chain save roughly $40 million annually. The brunt of the job cuts will occur at the retailer's stores, with lead cashiers, digital leads and other experienced workers being let go. The news came…

In a rare move for the online retail giant, Amazon.com is laying off hundreds of corporate workers in its Seattle headquarters and elsewhere, according to a Seattle Times report. The corporate cuts come after an eight-year hiring spree, taking the company from 5,000 employees in 2010 to 40,000 employees in its Seattle headquarters, and gobbling up…

The National Retail Federation (NRF) forecasts retail industry sales will grow between 3.8 and 4.4 percent year-over-year, according to its 2018 economic forecast. Online and other nonstore sales, which are included in the overall number, are expected to increase between 10 percent and 12 percent. The numbers exclude automobiles, gasoline stations and restaurants. Retail sales grew…

GameStop has promoted Michael Mauler to CEO, the Dallas Morning News reports. He will succeed Paul Raines, who has resigned as CEO due to a "recurring illness." Raines was diagnosed with brain cancer in 2014. Mauler is a 16-year veteran of GameStop, and was most recently executive vice president and president of the retailer's 2,000-store…

Best Buy announced it will hand out bonuses to more than 100,000 employees, joining a growing list of U.S. companies sharing savings from the federal tax overhaul with employees. USA Today reports the consumer electronics retailer will this month pay one-time bonuses of $1,000 to full-time workers and $500 to part-time employees. Company spokesman Jeff…

Lululemon Athletica Inc. announced Monday that Laurent Potdevin has resigned as CEO effective immediately, saying he fell short of the company’s standards of conduct. The Vancouver-based maker of yoga pants and other athletic-inspired clothing didn’t offer specifics but said it expects all employees to “exemplify the highest level of integrity and respect for one another.” A…

Hudson's Bay on Monday named veteran CVS Health executive Helena Foulkes as its chief executive officer, replacing Richard Baker, who has been heading the company on an interim basis. Foulkes, who has been with the pharmacy benefits manager for more than 25 years, was most recently executive vice president of CVS Health and president of CVS…

Bon-Ton Stores said yesterday that it has filed for Chapter 11 bankruptcy protection. The regional department store chain, which has dual headquarters in Milwaukee and York, Pa., is currently engaged in discussions with potential investors and debt holders regarding a financial restructuring plan, which may include a sale of the company or assets. Bon-Ton has  received a commitment…

Lowe's announced Thursday plans to enhance benefits, including expanding maternity and parental leave. The company will also offer a one-time bonus up to $1,000 for more than 260,000 hourly employees. Lowe's will award the one-time cash bonus to eligible full- and part-time hourly employees across all its U.S. facilities, including stores, customer support centers, contact centers and…