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The economy we knew before the pandemic has disappeared. Rather than simply returning to how things were before the coronavirus shock, we’re set to emerge into a shattered economic landscape. Huge numbers of jobs have been lost and countless small businesses are laden with debt, teetering on the verge of bankruptcy. In the absence of
When Lowe’s CEO Marvin Ellison took the helm at one of the nation’s largest retailers, he looked around and saw he was surrounded by mostly white executives at his own company and in the business world. It was not a new experience for him. Ellison was born to parents who worked as sharecroppers. He grew up
A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images Macy’s announced Thursday it is cutting 3,900 corporate jobs — 3% of its total workforce — to reduce costs as it struggles with the effects of
Co-op has received the Corporate Brand Ambassador Award at the 2019 Shining Stars Ball for its enthusiastic and consistent support of Girls Out Loud, a social enterprise which has raised the aspirations of over 7,000 teenage girls and helped them to build confidence, self-belief and resilience. Co-op was praised for supporting the Big Sister mentoring programme financially
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond is cutting about 500 jobs, or 10% of its corporate workforce, as part of a larger restructuring plan in a bid to trim expenses, the retailer announced Thursday. The company said it is
Stuck in a sales slump, Macy’s is shrinking to grow. The department store chain announced Tuesday it plans to shut 125 stores over the next three years and slash about 2,000 corporate jobs, as it closes its Cincinnati headquarters and tech offices in San Francisco. Macy’s said it plans to exit weaker shopping malls, and
