Managing
February 27, 2018 at 12:38 pm
The Nordstrom family is reviving an effort to take their namesake retail company private, according to unnamed sources cited by Reuters on Friday. The family had suspended its effort in October, but said it intended to resume exploration of a take-private offer after the holidays. Reuters reported that the family met with investment bankers last…
February 26, 2018 at 2:06 pm
Lowe’s last week launched its Track to the Trades program, a workforce development initiative designed to provide support for employees who want to pursue job training for skilled trades. Lowe's has partnered with adult education program Guild Education on the Track to the Trades program. The initiative comes at a time when the skilled trade…
February 15, 2018 at 3:38 pm
WeWork Companies is launching a partnership with J.Crew to host a panel discussion series at select WeWork locations in New York City, San Francisco, Atlanta and Philadelphia. As part of the partnership, these venues will also sell merchandise from J.Crew’s spring collection at pop-up shops that offer discounts to WeWork members. The events aim to bring together professionals…
February 5, 2018 at 11:51 am
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…
February 1, 2018 at 12:44 pm
A woman in California has filed a lawsuit against Wal-Mart over claims the company keeps products primarily used by African-Americans inside a locked glass case. Essie Grundy told reporters in Los Angeles on Friday that she felt humiliated and discriminated against when on three occasions this month she had to ask a store employee at…
February 1, 2018 at 11:29 am
Sears Holdings, parent company of Sears and Kmart, has laid off 220 employees primarily at the company's corporate headquarters in Hoffman Estates, Ill., effective immediately. The job cuts impacted various business units and roles across the retail organization, a spokesman told CNBC. The moves are part of the department store chain's ongoing restructuring plan, announced earlier this month,…
January 24, 2018 at 12:07 pm
Starbucks announced today that it will use some of the savings from the new U.S. corporate tax cuts to give domestic employees pay raises, company stock and expanded benefits with a combined worth of more than $250 million for more than 150,000 employees. More specifically, Starbucks’ plan will include the following: In April, all eligible U.S. hourly…
January 23, 2018 at 10:49 am
As those of us in the retail industry are aware, life can be very busy, and at times very chaotic, for regional and district managers — and that's an understatement. They're responsible for the correct, on-time and accurate execution of operational plans and directives across all stores. This includes overseeing the dozens and dozens of…
January 22, 2018 at 11:44 am
Abercrombie & Fitch Co. today announced that Arthur C. Martinez will step down as executive chairman of its board of directors at the end of its fiscal year, Feb. 3. Martinez planned to retire…
January 5, 2018 at 1:30 pm
Neiman Marcus Group announced that Karen Katz, the company's president and chief executive officer, will retire Feb. 12. Fashion and retail veteran Geoffroy van Raemdonck will succeed Katz as the company’s CEO. Katz will continue to serve on the company’s board of directors and will work closely with van Raemdonck to facilitate a seamless transition process.…
