Target Chief Innovation and Strategy Officer Casey Carl will step down from the retailer in May, as the company focuses more on its core business and less on experimental projects without the promise of profitability in the near term. CEO Brian Cornell promoted Carl to the new post shortly after taking the reins at the company in 2014.
Wal-Mart is asking suppliers including Colgate-Palmolive, General Mills and Unilever to cut a gigaton of greenhouse gas emissions from the retailer's supply chain over the next 13 years. The reduction would be the equivalent of taking 211 million vehicles off the road for a year, the company said.
Luxury Mexican department store chain El Palacio de Hierro will open a store in Mexico City with a focus on health, wellness and fitness, said Carlos Salcido, vice president of marketing. Another store will be redesigned with an emphasis on Mexican culture, said Salcido, who detailed the retailer's "retail-tainment" strategy at the Terry J. Lundgren Center for Retailing's annual conference this week.
Making your loyalty program stand out from those offered by your competitors can take some extra effort, writes Melissa Thompson. Determine what will motivate your customers -- whether that will be a point system or something else -- and avoid being too pushy, she writes.
Retailers are rapidly creating new opportunities for employees with high-tech skills in an industry that offers better work-life balance than traditional tech jobs, along with opportunities to grow and make meaningful contributions, NRF's Ellen Davis writes. "Those who choose retail will shape the future of an industry that has embraced constant change and continues to transform in the most amazing ways," she writes.
Fashion retailer Bebe Stores will shutter all 168 of its remaining stores by the end of May, the company said Friday. Last month, Bebe announced plans to close 21 underperforming stores and said it had hired B. Riley & Co. to explore options for the business.
Kate Spade has cut back on its department store presence and is focusing on its branded stores and new bag designs and merchandise lines to reverse sales declines. The brand, which began seeking a buyer earlier this year, reported a quarterly sales decline for the first time since 2009.
Wal-Mart is making big investments to keep prices low and fend off rivals including Amazon and ALDI, a practice that's pushing down US food prices, research has found. Rival retailers including Kroger and Target are also investing significantly to lower prices and stay competitive.
India's Future Retail will combine the operations of its brick-and-mortar HomeTown stores and its online home goods retail arm including FabFurnish.com under a single umbrella dubbed Praxis Home Retail, the company said Thursday in a regulatory filing. Future will spin off Praxis as a separate publicly-traded company.
Singapore-based e-commerce company Lazada Group has teamed with US companies on a loyalty program in which members will pay $20 per year for perks such as discounts on Netflix streaming and Uber rides. Alibaba Group Holding bought a majority stake in Lazada last year, so the loyalty program also includes free delivery on purchases made on Alibaba's Taobao marketplace.
- Page 1