GameStop floats CEO pay entirely tied to performance
Ryan Cohen would have to reach sky-high goals to receive the lucrative compensation, a setup resembling Elon Musk’s at Tesla.
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REI cuts compensation as labor talks break down
The retailer declared an “impasse” in the bargaining process, which allows it to unilaterally make changes. The REI Union says the move was illegal.
Saks Global expects to exit bankruptcy in June with $1.2B in debt
The luxury retail conglomerate said it would be profitable in three years and that, starting next fiscal year, revenue growth would average 7% annually.
EBay scrambles to fix outages
The e-commerce giant has been experiencing technical difficulties since Sunday, with its marketplace site down entirely at some points.
Grocery shoppers are trading down to lower-priced retailers, report finds
Rather than just seeking cheaper brands, more shoppers are planning to switch retailers entirely, opting for less expensive stores, Alvarez & Marsal found.
Home Depot builds bridge to influencers with creator portal
To attract attention to the offering, the home improvement retailer is touting a roster of creators tied to the World Cup.