Management

Wal-Mart is instituting a more flexible pay schedule for its employees. Bloomberg reports the big-box retailer is working with two financial technology startups to enable its 1.5 million-strong U.S. workforce to draw on their salary ahead of payday or save some of it away for a rainy day. Employees will receive eight free uses a…

This week, Gander Mountain emerged from bankruptcy protection and reopened stores with a new name: Gander Outdoors. The outdoor apparel and product company was purchased by Camping World Holdings, an Illinois-based network of RV-centric retail locations, in April. Now under new ownership, the newly minted Gander Outdoors is on track to open 55 to 65…

Of the many industries being turned inside out by digital transformation, retailing may face the most radical change. However, it's also the industry with the greatest number of breathtaking new opportunities for success. In this two-part article, I survey the new digital and market forces facing the retail industry, and then detail why fresh leadership…

Mary Kellmanson, a former vice president with three grocery chains, was named chief marketing officer of The Fresh Market, effective immediately, on Monday. Most recently, Kellmanson served as chief marketing officer for Skeeter Snacks, where Fresh Market CEO and President Larry Appel had worked prior to taking over at Fresh Market in September. Like Appel, Kellmanson…

Macon F. Brock Jr., co-founder of the Dollar Tree chain of discount stores, which grew into a Fortune 500 company, has died. He was 75. Brock died Saturday at his home in Virginia Beach. His wife said he died of complications from idiopathic pulmonary fibrosis, a lung disease. He underwent…

Macy's Executive Chairman Terry Lundgren, who stepped down as chief executive officer earlier this year, will retire from the department store chain's board of directors in 2018, the company announced last week. CEO Jeff Gennette will replace Lundgren on a board of 10 directors. The changes will be effective Jan. 31, 2018.

Luxury apparel and accessories retail chain Calypso St. Barth is shuttering all of it U.S. stores and liquidating its remaining inventory. Asset firms Tiger Group and Great American Group are supervising the going-out-of-business sales at the retailer’s 16 stores in New York, Georgia, Massachusetts, Colorado, California, Florida, Arizona, Maryland and South Carolina. The inventory is…

Home Depot is working to stay ahead of the retail curve. At its investor meeting on Wednesday, the home supplies company said it would roughly double its investment in the next three fiscal years to nearly $11.1 billion to expand its store and e-commerce businesses. Fortune reports the new budget will help cover items like…