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Strategy

  • Hudson’s Bay Co. taps Toys “R” Us exec to head up European division

    Hudson’s Bay Co.’s newest executive is joining the company just in time to lead the European division’s next phase of development.   Dr. Wolfgang Link will become CEO of HBC Europe, effective May 1. He will lead the expansion and growth strategy for the department store’s European business, including Galeria Kaufhof, Galeria Inno, and the entrance of Hudson’s Bay and Saks OFF 5TH. Reporting to HBC’s CEO Jerry Storch, Dr. Link will also oversee the European management team.  

  • Convenience store giant makes $3.3 billion acquisition

    7-Eleven has accelerated its U.S. expansion by entering into the largest acquisition in its history.    The c-store retailer has agreed to buy the Sunoco chain of gas stations, which includes some 1,108 convenience stores located in 18 states, for a reported $3.3 billion.   

  • Zumiez sees net sales, comps climb in March

    Zumiez’s net and same-store sales were on the climb for March.

    The teen retailer’s total net sales for the five-week period ended April 1, 2017, increased 4.3% to $71.7 million, compared to $68.8 million for the five-week period ended April 2, 2016.

  • Online retail giant in big part-time worker push

    Amazon continues its hiring spree.    The company announced Thursday that it plans to add more than 30,000 part-time positions in the United States over the next year.  The new positions are on top of the previously announced 100,000 full-time U.S. jobs Amazon will add during the next 18 months.   Some 5,000 of the new part-time hires will be in Amazon’s  Virtual Customer Service program, which offers employees the flexibility to work from home as a customer service agent. 

  • Bebe to close 21 locations

    In a move to avoid filing Chapter 11, the fashion retailer is planning to shutter approximately 12% of its stores.   The closures will incur an impairment charge of approximately $2.0 million and will make a termination payment to the landlord of approximately $7.4 million, according to a filing the chain made on April 4, with the Securities and Exchange Commission.   

  • Bed Bath & Beyond’s Q4 finishes strong

    After three quarters of missing analyst estimates, Bed Bath & Beyond’s fourth quarter ended on a high note, and beat expectations.

  • Report: Walmart slashing jobs in U.S. IT division

    The retail giant is reorganizing its U.S. technology division — a move that will impact about 10% of its workforce.

    Sources familiar with the situation said that Walmart will eliminate 300 jobs across its information systems division (ISD). The layoffs at ISD in the chain's Bentonville headquarters began this week and are expected to continue through the month, according to Talk Business & Politics.

  • Study: Retailers need to get in shape to meet demand for fast fashion

      The hottest fashion trend today is speed—and retailers need to be in the fast lane to remain competitive.   That’s according to new research from Kurt  Salmon, part of Accenture Strategy, which finds that  speed and agility are the top priorities for every retailer competing in fast fashion.    
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