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Toys ‘R’ Us posts Q4 loss; store updates part of new ‘transformation’ strategy
New York -- Coming off a disappointing 2013, Toys “R” Us unveiled a strategic plan to position the company for profitable growth in the future. The plan includes improving its in-store and online shopping experience, simplifying promotions, cutting costs, more disciplined inventory management, and more omni-channel integration with stores. Significantly, it not include closing stores apart from those involving standard lease expirations, top company executives said during a media presentation on Tuesday at the chain’s flagship in Times Square.
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Modell's gets tech savvy about employee selection
Modell's Sporting Goods is replacing its paper-driven employee-selection process with Infor PeopleAnswers Talent Science — a tool designed to improve that process as well as development and succession planning for its chain of more than 150 stores throughout the Northeast.
According to Infor, Infor PeopleAnswers Talent Science is available via the cloud and uses science, technology and analytics to predictively link behavioral data to real business outcomes, helping companies improve business performance, reduce turnover and optimize the HR process.