Management

Sears Hometown Stores Inc., a franchise-owned unit of Sears, has filed for Chapter 11 bankruptcy protection, CNN Business reports. Sears spun off Sears Hometown in 2012 to give the parent company a much-needed infusion of cash. Transformco reacquired the company after it bought Sears out of bankruptcy in 2019. The chain, including locations run by independent dealers,…

The holidays are a time when many small businesses generate their highest revenues of the year, but it can also be a time when cash flow challenges become particularly acute. Stocking up on inventory, hiring seasonal employees, and surges in demand can all present potential cash flow pressures. This year, many businesses also face additional…

GameStop has announced a round of layoffs due in part to inflation and "weakened consumer confidence" about the market, according to its CEO. This move comes a few months after GameStop management fired its CFO and made cuts at Game Informer, among other places inside the company. Axios, which was first to report on the layoffs at…

Total experience (TX) bridges customer, employee, and user experience disciplines into one transformational retail experience that unifies every customer touchpoint, aligns a retail brand across every channel and platform, harmonizes business functions, and establishes complete trust within the customer journey. TX is focused on creating stronger, more holistic experiences for those who engage with your…

Steve Rendle has retired from his roles as CEO, chairman and president of VF Corporation, effective immediately, the company said Monday. VF Corp. owns Supreme, Vans, The North Face, Timberland, Dickies, among other consumer brands. Rendle, has retired “by mutual agreement with the board,” according to a filing with the Securities and Exchange Commission. Benno Dorer,…

The New Year is fast approaching, and for a retail business, that means it's time to start thinking about closing out the year and preparing for the next. While it's a great time to reflect and set goals, it's also a time of year that creates a lot of “to-dos” for retailers. The holiday season…

National Retail Federation (NRF) President and CEO Matthew Shay said a nationwide rail strike during the peak holiday season will be “devastating” for American businesses, consumers and the U.S. economy — particularly amid today’s increased prices due to persistent inflation. Shay's statement was made yesterday when members of the nation’s largest rail union rejected a contract…

Amazon.com is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times, citing people with knowledge of the matter. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of employees. The job cuts will focus on…

This video features a clip from a panel discussion focused on effective collaboration between marketing and IT departments. It was recorded at Total Retail Tech in Nashville last month. Kristen Gasior, chief transformation officer at Balsam Brands, shares the lessons she's learned from working effectively with IT teams, including establishing better cross-department alignment around business goals.…

Kohl's announced Tuesday that CEO Michelle Gass is leaving for a new opportunity after the retailer came under pressure to shake up its leadership. In a separate release, Levi Strauss & Co. said Gass will join the company in early January as president and step into the role of CEO within the next 18 months, succeeding Chip…