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Struggling department store chain revamps employee discount program
In its latest move to stay afloat, Sears is scrapping its associate discount program in favor of a new concept. Sears’ employee discount program, which gave employees money off purchases at checkout, is transitioning to a service that will reward asso-ciates with points through the chain’s Shop Your Way loyalty program. The change, which will impact all active Sears Holdings associates, spouses and eligible dependents, is set to launch on Sunday, Jan. 29. -
Best Buy CEO says he’s not leaving
Hubert Joly, chairman and CEO of Best Buy, denied a report that has him taking the helm of a European retailing giant. A report by Reuters, which cited Brazilian newspaper Valor Economico, said that Carrefour, the world’s second largest retailer, had identified Joly as a replacement for its current CEO, Georges Plassat, whose term ends in May 2018.

