Personnel
March 14, 2017 at 11:43 am
Asda, the British supermarket owned by Wal-Mart, is offering staff in its stores a 14 percent rise in hourly pay if they sign a contract requiring more flexible work schedules. Britain's No. 3 supermarket said on Monday it will offer its 135,000 store staff a base rate of 8.50 pounds ($10.39) an hour from October, up…
March 8, 2017 at 10:25 am
Our coverage of Total Retail’s first annual Salary Benchmark Report continues this week as we examine what impact, if any, experience level has on the financial benefits that retails executives receive from their employers. As a reminder, the Salary Benchmark Report was produced based upon the responses to an online survey that was sent to Total Retail’s audience over a two-week…
February 24, 2017 at 11:46 am
J.C. Penney plans to close 130 to 140 stores and offer buyouts to 6,000 workers as the department store industry sags in competition with online sellers and nimble niche retailers. The company said Friday that it would shutter 13 percent to 14 percent of its locations and introduce new goods and services aimed at the shifting…
February 23, 2017 at 12:27 pm
Lowe's is cutting back on staff. The home improvement retailer has laid off more than 500 full-time corporate employees companywide in its latest efforts to streamline operatios. The Charlotte Observer reports the layoffs includes 430 workers at Lowe's headquarters in Mooresville, N.C., as well as 70 support staffers in Wilkesboro, N.C. and 25 corporate support…
February 22, 2017 at 2:56 pm
Our coverage of Total Retail’s first annual Salary Benchmark Report this week examines retail executives’ — CEOs/presidents/founders; chief marketing officers; C-level execs other than CEOs and CMOs; and vice presidents — opinions on how transparent their companies are when it comes to employee compensation. This data can be looked at in two different ways: one, how…
February 21, 2017 at 11:31 am
Toys“R”Us Inc. recently laid off between 10 percent and 15 percent of its corporate employees, the latest traditional brick-and-mortar retailer to cut jobs as shopping rapidly shifts from physical stores to online ones. About 250 jobs were eliminated at the Wayne, N.J.-based company, people familiar with the matter said. The layoffs were announced Friday. Toys"R"Us CEO David…
February 15, 2017 at 5:30 pm
Our coverage of Total Retail’s first annual Salary Benchmark Report this week examines how retail executives — CEOs/presidents/founders; chief marketing officers; C-level execs other than CEOs and CMOs; and vice presidents — view the approaches taken by their companies to award raises. This data can be looked at in two different ways: one, how their own…
February 15, 2017 at 12:30 pm
Have you ever wondered whether how old you are affects your salary as a retail professional? Well, according to Total Retail’s first annual Salary Benchmark Report, it certainly does. The report, which was produced after compiling 660 responses to questions around job compensation from Total Retail's audience last June, found that, on average, the older…
February 14, 2017 at 10:24 am
Payless Inc. is in talks with its lenders over a restructuring plan that includes closing about 1,000 stores as it wrestles with an unsustainable debt load, according to people with knowledge of the matter. The discount shoe retailer may consider filing for bankruptcy if it’s unable to reach a deal with the creditors, said the people,…
February 8, 2017 at 5:21 pm
This week’s coverage of Total Retail’s first annual Salary Benchmark Report provides insight into how fairly retail executives — CEOs/presidents/founders; chief marketing officers; C-level execs other than CEOs and CMOs; and vice presidents — feel they're being compensated by their employers. This encompasses base salary, financial perks (e.g., stock options, profit sharing) and benefits (e.g., health insurance,…
