retailers

Amazon is planning to lay off some 10,000 employees in its corporate and technology sectors beginning this week, according to a report. The culling would be the largest number of job cuts undertaken at any…

Seasonal hiring is expected to plunge by nearly 40% this holiday season as retail, warehouse and transportation companies dramatically cut back amid decades-high inflation and fears of a looming recession,…

Michelle Gass, CEO of struggling department store chain Kohl’s, will step down from her role early next month to become the president of denim giant Levi Strauss. Levi’s said in a release that Gass will start…

Amazon’s second Prime Day sale came and went with a whimper last week, according to an analysis by Bank of America. The Seattle-based e-commerce giant generated just $5.7 billion in revenue from last week’s…

Holiday online retail sales are expected to crater as inflation weary consumers pull back on spending and retailers heavily discount merchandise to entice reluctant shoppers, new data shows. The online…

Black Friday discounts are poised to return this fall for large appliances after two years of pandemic-induced disruptions — but even with the splashy markdowns, some shoppers may still have sticker shock.…

Top Rite Aid executives grumbled about a widespread shoplifting problem in New York City after the retailer reported worse-than-expected quarterly results on Thursday. Rite Aid CEO Heyward Donigan told…

Ancora Holdings, one of the hedge funds that spearheaded a board shake-up last year at Kohl’s, is now pushing for the removal of the retailer’s chief executive and board chairman, according to a letter sent to…

Target said Thursday it will hire up to 100,000 seasonal employees this holiday season, about the same number as last year — even as other big-box chains are scaling back hiring plans as consumer spending…

Nordstrom has adopted a “poison pill” to prevent investors from amassing 10% or more of its shares, the company said Tuesday, just days after a Mexican retailer built a stake in the luxury department store chain.…