J.C. Penney has hired former Levi Strauss & Co. executive Marc Rosen as its new CEO, succeeding Stanley Shashoua who has served as interim CEO since January, after the department store retailer was acquired by Simon Property Group and Brookfield Asset Management. Rosen, whose resume also includes a 14-year stint at Walmart in a variety of roles, will take up the new post next week.
Costco boosted its starting hourly wage to $17 this week, after raising it from $15 to $16 early this year. More than half the retailer's staffers earn over $25 per hour, and Costco boasts a high retention rate, with staffers staying for an average of nine years.
Sam's Club's approximately 600 stores have been fully staffed for the past three months, even in the midst of a tight labor market, CEO Kathryn McLay said. The Walmart-owned retailer's $15-per-hour minimum wage and $17.30-per-hour average wage, along with clear paths to careers in areas like cake decorating and forklift driving, have kept staffers loyal, McLay said.
Target will open a small-format store in Midtown Detroit, marking the retailer's return to a city it left with the closure of its Eight Mile store in August 2003. The new 32,000-square-foot location will be part of a mixed-use apartment and hotel project called City Club Apartments.
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General Merchandise and Health Beauty Wellness News
PepsiCo's Tropicana brand is addressing the bad aftertaste related to drinking orange juice after brushing your teeth by releasing Tropicana Toothpaste. The product does not contain sodium lauryl sulfate, which is known to create the aftertaste, and will be available on a limited basis next month via the brand's Instagram account.
Tenoverten debuted 14 new products on its website Wednesday as the product and service company with two nail salons shifts its focus to product sales. The company plans to sell its nail care line online and continue partnerships with Target, Goop and Violet Grey.
How to capture wellness-minded shoppers Download our latest report on activating product attribute data including: a ranking of the top 140 missed revenue opportunities by brand; and top trending attributes in search and sales across F&B, HBC, Pet and Household Cleaners. Download now
Unseen is bringing its innovative science to the beauty industry with a new eye cream that glitters when photographed but looks gray in real life. Unseen is known for its hair color that changes with the temperature and its headpieces with gemstones that are different colors based on the wearer's brain activity.
Shoptalk Returns to Vegas This March! Shoptalk brings together 8,000+ professionals from the biggest brands like e.l.f. Beauty, Maui Jim, Olaplex & more. Qualified retailers and brands can attend for free! Get your pass now.
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Retailers are increasingly opting to own their own industrial space to save money and remain in control of their supply chains, with the 25 largest US retailers acquiring 38 million rentable square feet of new space last year, according to CoStar Group. "These properties are essential to getting the goods that you need into the country and flowing through the supply chain to the consumer," said CoStar's Juan Arias.
Tune in to GMDC|Retail Tomorrow's fifth Startup Mic-Drop episode on Nov. 4 to meet five companies driving product innovation in the health, wellness, personal care, and beauty categories. These founders are launching all natural, socially responsible solutions for everyday product categories. In partnership with SKU, this round of companies will leave you inspired by the innovation changing how we think about what we put in and on our bodies. Learn more and register.