Management

Report: Bed Bath & Beyond in Talks to Sell Buybuy Baby
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…

How This Year's Fastest-Growing Retailers Boosted Sales
May 25, 2023 at 4:31 pm

In this episode of Retail Right Now, Total Retail's Joe Keenan and Marie Albiges discuss Total Retail’s latest research report, the 2023 version of the annual Top 50 Fastest-Growing Retailers. The list ranks publicly traded U.S.-based retailers based on their year-over-year (YoY) net sales growth for the most recent fiscal year reported on. Topping the rankings is Boot…

CVS Closing its Clinical Trials Arm After 2 Years
May 17, 2023 at 3:42 pm

Two years after unveiling its clinical trial services in an attempt to reinforce its presence in the world of healthcare, CVS Health is shutting it down, Fierce Healthcare reported Monday. A CVS spokesperson told Fierce Healthcare it routinely reviews its portfolio to ensure its assets are "aligned with our long-term strategic priorities." The company will wind…

Report: Omnichannel, Loyalty and Product Fuel Fastest-Growing Retailers
May 10, 2023 at 5:45 pm

In this bonus episode of Total Retail Talks, Total Retail's Kristina Stidham and Joe Keenan discuss Total Retail's recently released research report, the 2023 version of the annual Top 50 Fastest-Growing Retailers report. This report was produced in conjunction with Saddle Creek Logistics Services. Listen in as Keenan shares why Total Retail produces this report each…

Nike Veteran Joins Foot Locker to Lead WSS
May 8, 2023 at 6:07 pm

Former Nike executive Blanca Gonzalez has been named senior vice president and general manager of Foot Locker’s WSS banner, effective May 15. Foot Locker acquired WSS, a U.S.-based athletic footwear and apparel retailer that primarily operates on the West Coast and focuses on serving Latino communities, for $750 million in September 2021. Formerly known as Warehouse Shoe Sale, WSS…

Gap to Lay Off 1,800 Employees as Part of Restructuring
April 27, 2023 at 4:06 pm

Gap will lay off about 1,800 employees, more than three times as many as the 500 layoffs it announced in September, as part of a broad effort to cut costs and streamline operations, the company said Thursday. The layoffs will affect roles at Gap’s headquarters locations along with upper field positions, or workers such as regional…

Boot Barn Tops List of Fastest-Growing Retailers
April 26, 2023 at 7:12 pm

The retail industry has faced significant and continual challenges in the past year-plus that have impacted consumer confidence and spending, including rising inflation, an uncertain economic environment (with the threat of a recession looming), and supply chain disruptions that have led to both out-of-stocks and overstocks. Yet despite these obstacles to success, there are many…

Bed Bath & Beyond Files for Chapter 11, Closing Stores
April 24, 2023 at 4:18 pm

Bed Bath & Beyond announced yesterday that it has filed for bankruptcy under Chapter 11 to close its business and seek a sale of its assets. The home goods retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to facilitate the store closing process, pending court approval. Bed…

Walmart Announces Layoffs at E-Commerce Facilities
March 23, 2023 at 6:05 pm

Walmart is laying off hundreds of employees at e-commerce facilities across the country, as the big-box giant and other retailers brace for a tougher year ahead. Walmart, the nation’s largest private employer, is shrinking its workforce as many retailers plan on roughly flat or declining sales. Inflation and the shift back to services is taking a bite…