RetailRetail MonitorNews

Hurricane Harvey to Result in $1 Billion in Lost Sales at Retail

Category 4 hurricane Harvey made landfall on Friday bringing record, sustained rains and losses for the retail/consumer sector that are expected to hit $1 billion in lost sales—losses that will be ongoing and not recoverable.

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RetailRetail MonitorNews

Macy’s Names New President, Streamlines Merchandising and Cuts 100 Jobs

Macy's new president signals the company's commitment to e-commerce growth while its restructured merchandising group is designed to expand its exclusive brands business, achieve better speed and use data analytics more effectively.

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Neiman Marcus Cuts 225 Jobs in Reorganization Plan

In an effort to align itself with consumers’ current shopping habits, luxury retailer Neiman Marcus has announced reorganization plans that includes eliminating jobs and putting Last Call under the microscope.

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