Personnel
Toys“R”Us Inc.’s lawyers and advisers have shot down an 11th-hour offer from a billionaire toy maker that would have kept some of its U.S. stores open, according to a person familiar with the matter. The Wall Street Journal reports that Isaac Larian, founder of Bratz dolls maker MGA Entertainment, Inc., came forward last week with a…
Best Buy announced it will hand out bonuses to more than 100,000 employees, joining a growing list of U.S. companies sharing savings from the federal tax overhaul with employees. USA Today reports the consumer electronics retailer will this month pay one-time bonuses of $1,000 to full-time workers and $500 to part-time employees. Company spokesman Jeff…
For years, the retail industry has been plagued with the increasingly high costs of labor. Labor cost optimization (LCO), a framework surrounding scheduling and timekeeping, is a sustainable solution that can elevate operational and human resource leadership out of their reactive cycles so they can focus on what they should be — business and talent.…
For years, the retail industry has been plagued with the increasingly high costs of labor. Labor cost optimization (LCO), a framework surrounding scheduling and timekeeping, is a sustainable solution that can elevate operational and human resource leadership out of their reactive cycles so they can focus on what they should be — business and talent. […]
London-based global luxury brand Burberry announced this week that its president and chief creative officer (CCO) Christopher Bailey will leave the company on March 31, 2018. At that time he will also step down from Burberry's board. Bailey has been with the company for 17 years. He will provide his full support to current CEO…
It’s not often that you get to hear from retail legends like Jim Sinegal, co-founder and director of Costco Wholesale Corp. That’s why I was so excited to attend his talk at SAP’s Retail Executive Forum, which was held in New York City earlier this month. And he didn't disappoint. Sinegal served as the CEO…
It’s not often that you get to hear from retail legends like Jim Sinegal, co-founder and director of Costco Wholesale Corp. That’s why I was so excited to attend his talk at SAP’s Retail Executive Forum, which was held in New York City earlier this month. And he didn’t disappoint. Sinegal served as the CEO […]
Gerald Storch, CEO of Hudson’s Bay Co. (HBC), is stepping down from his role, HBC announced after the close of stock markets on Friday. Storch will depart effective Nov. 1, and return to his firm, Storch Advisors, HBC said in a press release. It didn't give further details on…
Technology is top of mind for most retailers today, no matter their size, product category or any other variables. As such, Total Retail surveyed its audience with the goal of finding out what types of retail technology retailers are interested in (as well as investing in), what retail trends and digital trends they’re tracking, and their…