Management

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…

The retail industry is a marathon, not a sprint. While retailers and brands can’t risk falling behind their competitors in the short term, they also must plan for the long haul. To achieve this, investments must be made in areas that improve customer retention and conversion and reduce operational costs over the long term. However,…

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…

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…

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 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…

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 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 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…

Amazon.com will lay off 9,000 more employees in the coming weeks, CEO Andy Jassy said in a memo to staff on Monday, reports CNBC. The cuts are on top of the previously announced layoffs that began in November and extended into January. That round totaled more than 18,000 employees, and primarily affected staffers in its retail, devices, recruiting…