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| Subject: |
RETAIL BUSINESS
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| Period: |
January 15, 2018 to February 1, 2018
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| Geographies: |
Worldwide
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| Categories: |
Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends
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Contents
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Walmart is reportedly planning to eliminate about 3,500 co-manager positions in the US market. According to reports, the planned move is aimed at removing “poor performers” and provide “clearer paths to leadership” for aspiring store managers. Meanwhile, the company announced plans to raise its starting salary to $11 an hour and spend $400 million in one-time bonuses to employees.
"Wal-Mart to Cut Thousands of Store-Management Roles", Bloomberg, January 13, 2018
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Walmart has named its chief operating officer for its domestic operations, Judith McKenna, to head the retail giant's international unit. McKenna's appointment marks a significant milestone for women executives at Walmart, with the international unit viewed as a “stepping stone” to the company's CEO job. Other announcements made by the retailer include plans to raise starting salary to $11 an hour and to close 63 Sam's Club stores.
"Wal-Mart Makes Judith McKenna Its International Chief", Bloomberg, January 17, 2018
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Target said it plans to launch Good Chemistry, the retailer's first exclusive fragrance brand. According to the company, the brand includes four collections it says are inspired by different personalities: Confident and Charming, Good and Grounded, Vibrant and Playful, and Cool and Collected. Featuring paraben-free scents, the vegan fragrances are made with essential oils and will be available at all Target branches from January 21, 2018.
"Say Hello to Good Chemistry, Target’s First Exclusive Fragrance Brand", Target, January 18, 2018
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Walgreens Boots Alliance, Inc., said it has named Sebastian James as senior vice president and president and managing director of the company's Boots division. James will join the company in the summer of 2018, with his appointment effective on September 1, 2018, the start of the company's new fiscal year. He will report to Walgreens Boots Alliance co-chief operating officer, Alex Gourlay.
"Walgreens Boots Alliance Appoints Sebastian James as Senior Vice President and President and Managing Director of Boots", Walgreens Boots Alliance, January 19, 2018
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L2 Inc., January 26, 2018
Kroger , January 31, 2018
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Discount retailer Lidl has launched the Cien Cellular Beauty line of skincare products in the UK. With an affordable price of ₤15, the products contain ingredients similar to those used in the La Prairie Cellular Radiance Cream, which cost almost ₤500. With every product costing ₤3.49, the range includes a day cream, night cream, and serum.
"Lidl are launching a £3.49 cellular beauty cream – and it costs £490 less than La Prairie’s version", The Sun, January 18, 2018
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Carrefour, January 17, 2018
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