Costco appears to be bucking the anti-DEI wave with its defense of its diversity initiatives. Data published last year suggests shareholders largely support diversity efforts. Costco’s move challenges the perceived popularity of anti-DEI proposals. Costco’s board didn’t mince words when […]
Why Costco’s DEI Defense Is Less Surprising Than It May Seem Read More »
Big Lots has reached a deal it says would preserve 200 to 400 US stores. The agreement with Gordon Brothers Retail Partners followed the collapse of a rescue plan. The company says that if approved, the $496 million deal could
Big Lots Just Received a Last-Minute Lifeline Read More »
Costco’s first wave of openings in 2025 will be in California, Texas, Michigan, and Massachusetts. The club plans to open about 30 new locations this year, with a little more than half in the US. More recently, the company has
New Costco Warehouses Opening in 6 US Cities in March Read More »
Party City’s CEO told employees the specialty retailer is “winding down” operations, CNN reports. The company was impacted severely by the COVID-19 pandemic and never fully recovered. The company spent much of the past two years in bankruptcy proceedings and
Party City Going Out of Business, Closing All Stores: Report Read More »
Walmart is testing out body-cams for store employees in one market in Texas. A spokesperson said the goal of the pilot is to improve worker safety and evaluate the results. Earlier this year, Axon introduced a line of cameras designed
Walmart Tests Body-Cams for Front-Line Employees in Texas Read More »
Buy-now-pay-later provider Affirm says it’s committed to being a remote-first company. However, one challenge of remote work is finding ways to get company culture to thrive. COO Michael Linford told BI about one approach he’s using to get teams to
Affirm’s COO on How to Build Culture at a Remote-First Company Read More »
Costco beat expectations for its fiscal first-quarter earnings, with net sales growth of 7.5%. Comparable sales growth was largely driven by increased traffic. The company ended the quarter with nearly 139 million membership cardholders, up 7.2% over last year. People
Costco Posts Strong Earnings After Fee Increase Read More »
Costco’s new CEO received a total compensation package worth $12.2 million this year. Vachris started his career as a forklift driver over 40 years ago, and became CEO in January. Costco has 328,000 worldwide employees, and the median worker earned
How Much Costco’s New CEO Made This Year Read More »
Execs for Walmart, Target, and more retailers have used similar descriptions of US consumer health. BI combed through earnings call transcripts to round up the words they’re using to talk about shoppers. In spite of the challenges, Americans continue to
Retailers Say Shoppers Are Pressured, Stretched, and Cautious Read More »
Several chains have said they’re planning reductions in their store numbers for 2025. Topping the list are Advance Auto Parts and Walgreens, which will shutter 1,200 stores combined. If this year’s closures are any indication — and if the economy
Retail Store Closures Are Already Looming in 2025 Read More »
