Showing 4 results for:
retail industry
Popular topics
All results
To foster inviting settings and decrease racially-biased experiences for shoppers, U.S. retailers have linked up. According to a press release sent to AfroTech, the nonprofit Open to All has announced that 28 major retail brands have signed the Mitigate Racial Bias in Retail Charter. What this means is that signees have committed to integrating actions that work to dismantle racially biased interactions while creating a friendly atmosphere for shoppers.
Target is the latest major retail corporation to extend an olive branch for free education to its employees. As previously reported by AfroTech, last month Walmart announced an education initiative in which the retailer would cover full tuition and book fees for their workers to go to college. Now, big-box retailer Target is joining in with its own debt-free education program that’s pledging roughly $200 million to fund the educational pursuits of its employees for the next four years. According to an announcement from the corporation, all Target workers will be eligible for its free education program that will cover fees for select undergraduate programs, certificates, certifications, free textbooks and more with zero out-of-pocket costs starting on their first day of work. The ambitious initiative is said to apply to all 340,000 plus Target employees for what the retailer describes as “the most comprehensive debt-free education assistance program available in the retail industry.”...
Atlanta has become one of the fastest-growing startup scenes in the country. According to a report by the CBRE Group , the city has one of the most competitive tech markets in the country and is ranked in the Top 10 Tech cities list. Founders from around the country are bringing their ideas to the burgeoning technology scene for a chance to be the next Jeff Bezos or Steve Jobs. The city is also home to the $100 billion home improvement retailer, The Home Depot. The brand and its internal technology team are blazing a trail into the technology field one hire at a time. In 2018, the company kicked off a three-year strategic plan with an $11.1 billion investment in the company. The plan includes seamlessly connecting the customer experience in-store and online, creating an industry-best supply chain, and speeding up the checkout process for customers. An internal and external upgrade in technology was needed for the company to meet these goals. As part of the initiative, the company...
On Monday, Sears filed for bankruptcy after years of struggling to survive in the changing retail industry. “Over the last several years, we have worked hard to transform our business and unlock the value of our assets,” said Edward S. Lampert, Chairman of Sears Holdings, in a statement . “While we have made progress, the plan has yet to deliver the results we have desired.” As part of Sears’ restructuring, Lampert stepped down as the company’s CEO and continues to serve as its chairman. Sears has also formed a restructuring committee and appointed Mohsin Y. Meghji as chief restructuring officer. Sears is not the only retail big-name to take a hit this year. Toys “R” Us closed all of its stores in June and Mattress Firm also filed for bankruptcy earlier this month. Retailers like Best Buy, Walgreens and Gap are also set to close hundreds of stores by the end of the year. Brick-and-mortar stores began taking a big hit with the rise of online stores like Amazon and Walmart. Mall...