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Myer sacks 50 head office staff, outsourcing tech roles to India

Inside Retail

The source added that Myer did not give the employees – or even managers – any warning and that senior leaders just asked the laid off staff to come into a specified room one by one to receive the news. Inside Retail has approached Myer for comment.

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Myer sacks head office staff, outsourcing tech roles to India

Inside Retail

The source added that Myer did not give the employees – or even managers – any warning and that senior leaders just asked the laid off staff to come into a specified room one by one to receive the news. Two sources told Inside Retail that 50 staff were affected by the move. Myer denies this.

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Investors Propose to Take Macy’s Private with $5.8 Billion Buyout Bid

Retail TouchPoints

Arkhouse already has a large stake in Macy’s and would be paying a premium to own the rest of the company — the offer values the retailer at $21 per share, about 23% over the $17 a share that the stock was trading at as of the close of business Friday. Share prices are up about 16% on the news of the bid in early hours trading today.

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Beyond Acquires Zulily, Plans to Revive Brand in Q2

Retail TouchPoints

News of the acquisition comes just weeks after Beyond’s about-face with regard to the treatment of its original Overstock.com brand. When Overstock initially bought the Bed Bath & Beyond brand’s IP out of bankruptcy in June 2023 , the company changed both its corporate name (now Beyond, Inc.)

Planning 258
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Building Supply Chain Resilience in the Real World

Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC

It was followed by port blockages and congestion, strikes among truck drivers and railway workers, a major recall and plant closure that led to a disastrous baby formula shortage, concerns about the future of semiconductor availability, turbulence in the ESG investment market, and much more.

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Translating Consumers’ Animal Content Obsession into Charitable and Commerce Opportunities

Retail TouchPoints

Just about everybody on the internet loves animal videos, particularly those that are funny, touching or maybe both. So about four years ago we started with a blog about where to see the wildest animals — diving with orcas in Norway or tracking gorillas in Uganda, for example. news on large sharks or bears works quite well.

Consumer 221
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Superdry in talks with Hilco for £10m loan

Retail Gazette

Superdry is in talks with existing lender Hilco about a new multimillion pound loan as it seeks financial headroom amid its turnaround programme. The fashion retailer is understood to be in negotiations with its lender to borrow £10m or more in a bid to return to more stable footing, Sky News reported.

Fashion 111