Call 2016 the “year of promotions” in retail, with 44% of all orders during the year sold on promotion, and 67% of all orders sold using a markdown.
Limited Stores has taken another step in the liquidation process it started in December.
Christopher & Banks Corp. on Tuesday announced the departure of its CEO, effective January 17, 2017, and also lowered its fourth quarter guidance after a dismal holiday season.
J.C. Penney has scored with Nike.
Walmart, the nation’s largest private employer with nearly 1.5 million associates, plans to add 10,000 new retail jobs in its upcoming fiscal year, which begins on February 1, 2017.
The NRF Foundation has brought together leading retailers and non-profits to launch a job training and credentialing initiative called Rise Up (Retail Industry Skills & Education).
Luxottica Group, the leading eyeglass retailer with multiple U.S. store banners, has entered into a deal that would create a global giant in the optical industry.
Consumer electronics and furniture retailer Conn’s has named a COO, along with heads for logistics and service.
Holiday sales not only beat expectations among industry observers, it hit a five-year high.
Walmart has made some big changes in its executive ranks, bringing together management of its Web and retail teams.