retail industry
14 stories related to this topic, newest first.
Retail CEOs Earned Median Worker Annual Pay in One Day Last Year
Business Insider reviewed proxy statements from 25 large retail and restaurant companies and calculated daily compensation for each CEO in 2025. The median annual pay for U.S. retail salespersons was $34,750 in 2024, according to the Bureau of Labor Statistics.
finance.yahoo.comInditex CEO Discusses Advantages of Family Ownership and Public Listing
Inditex CEO Oscar Garcia Maceiras spoke about the benefits of the company's dual structure. He addressed how family ownership and public listing work together.
ForbesLululemon Sends Letter to Shareholders Criticizing Founder Chip Wilson
Lululemon Athletica has sent a letter to shareholders ahead of its June 25 annual meeting. The letter criticizes founder Chip Wilson and his proposed board nominees while defending the company's current board and incoming CEO.
Starbucks to Cut 300 U.S. Corporate Jobs and Close Regional Offices
Starbucks announced it will lay off 300 U.S. corporate employees and shutter some regional support offices as part of its ongoing restructuring. The move is the third round of corporate layoffs since the current chief executive took over and does not affect store workers. The com…
techcentral.co.zaWalmart to Cut or Relocate About 1,000 Corporate Workers
Walmart said it would cut or relocate about 1,000 corporate workers as part of a plan to combine more of its global technology and product teams. The move is intended to improve efficiency across operations. The company has not detailed which specific roles or locations will be a…
BBC NewsGameStop Makes $55.5 Billion Bid for eBay, Which Rejects Offer
eBay's board dismissed the unsolicited half-cash, half-stock offer at $125 per share as neither credible nor attractive, citing financing uncertainty and operational risks. GameStop, which had built a 5 percent stake, secured a $20 billion debt commitment from TD Securities but r…
citizen.co.zaPick n Pay Proposes Changes to Worker Benefits and Rosters
SACCAWU says the supermarket chain wants to eliminate night transport, cheap meals, Sunday bonus pay and 13th cheques for full-time staff. Pick n Pay denies any plan to fire workers and says it sent legal notices only to discuss operational changes while reporting worsening losse…
forbes.comAI Chatbot Runs Boutique Store In San Francisco
Andon Labs opened Andon Market on April 1, 2026, in San Francisco, placing an AI chatbot named Luna in charge of operations under a three-year lease. Luna's first action was to hire human staff to manage customer interactions. The company described the store as an experiment to t…
680news.comGap Co-Founder Doris Fisher Dies at 94 in San Francisco
Doris Fisher, who co-founded The Gap Inc. in 1969 with her husband Don, died on May 2, 2026, at age 94. She served as the company's merchandiser for nearly four decades and helped build it into a global retailer with over $15 billion in annual sales. Her legacy includes philanthr…
New York PostGameStop Acquires Stake in eBay
GameStop Corp. is preparing a takeover bid for eBay Inc., leading to a surge in shares for both companies. eBay's stock rose more than 13% in after-hours trading, while GameStop gained 7%. The move comes as GameStop, under Ryan Cohen, builds a position in eBay ahead of an offer e…
financialpost.comLululemon Names Heidi O'Neill, Former Nike Executive, as New CEO Starting September 8
Lululemon announced the appointment of Heidi O'Neill, a former Nike executive, as its new CEO effective September 8. O'Neill brings experience from multiple roles at Nike, Levi Strauss, Hyatt Hotels, and Spotify. The move comes amid challenges including weak sales and a proxy bat…
defence.pkUK Petrol Thefts Rise 62% Amid Fuel Price Increases from Iran Conflict
Petrol thefts in the UK have increased by 62% compared to a year ago, according to data compiled for the BBC. Retailers report higher incidents of drive-offs and staff abuse linked to elevated fuel costs from the US-Israel war with Iran. Government and police officials stated tha…
JThomas / Wikimedia (CC BY-SA 2.0)Lidl to Launch Mobile Network Service in the UK for Loyalty Members
Lidl plans to introduce a mobile virtual network operator (MVNO) service in the UK, offering low-cost, contract-free plans to Lidl Plus loyalty members. The service will operate by piggybacking on existing networks through a partnership with mobile operator 1Global.
Nike5748 / Wikimedia (CC BY-SA 4.0)Express Fashion Retailer Exposed Customer Data Online
Fashion retailer Express left customer personal data and order details accessible on the internet. The exposure included sensitive information, raising concerns about data security and privacy.