Target Corp. plans to cut “several thousand” jobs, mainly at headquarters, during the next two years and invest $1 billion in technology and supply chain in 2015 as part of an ambitious and wide-reaching plan to transform its business for a digital age. (Target expects to invest between $2 and $2.2 billion in total capital expenditures in 2015.)
Expect another busy year of retail mergers and acquisitions, according to an annual survey of retail CFO’s by BDO USA.
Visa Inc., Pizza Hut and Accenture have teamed up to develop a connected car to test mobile and online purchases on the go.
Strong sales of high-margin consumer electronics and TVs during the holiday season, as well as declining expenses, helped Best Buy Inc. beat Wall Street expectations for profit in the fourth quarter of fiscal 2015.
With the Affordable Care Act, employers’ new reality is here, right now — and contrasts starkly with the past: Retailers that run payroll, time and attendance, scheduling, and benefits administration the way they used to will probably run afoul of the Employer Mandate, also known as “Play or Pay.”
This special report from Chain Store Age offers a recap of the issues and trends that surfaced at the NRF’s 2015 Annual Convention & Expo (the “Big Show”).