In a mutual parting of the ways, Kirkland's President and COO Mike Cairnes is leaving the company, giving the operational reins to CEO Woody Woodward. With sales on a steep decline recently, Kirkland's will close 27 -- or 6% -- of its store locations in the next few weeks, with more possibly shuttering later in the year.
The Transportation Department, SAE International and Thatcham Research use many terms for automatic emergency braking, and now the DOT is joining an effort to standardize car safety terms and ensure that drivers understand that vehicle technology doesn't take the place of driver engagement. Last year, the DOT backed a list of standardized terms for driver-assistance terminology, which was compiled with help from J.D. Power and other organizations.
Researchers estimate that the shipping industry will have to spend at least $1 trillion on fuel technology to reach the International Maritime Organization's target of a 50% reduction in greenhouse gas emissions by 2050. The industry is also dealing with a prolonged difficult market and less financing from European banks.
The site of the former Eastland Mall, which closed in 2010, will be transformed into the new headquarters for Charlotte's Major League Soccer expansion team. Crosland Southeast is seeking to rezone the vacant 77-acre plot, which also will include commercial space, houses and apartments and a public park.
Negative comments seem to stick with us more than praise, writes Michael McKinney, which means we must be able to see problems from different perspectives and be careful when giving negative feedback to team members. "Positive emotions broaden your perspective and enable you to build skills that help you flourish both personally and professionally," say authors John Tierney and Roy Baumeister.
Independent contractors running many of the 375 Sears Hometown stores in the US say they're struggling to hang on without enough inventory and are often being undercut on price by sister chain Sears. The smaller stores were spun off by Sears in 2012 and were not part of the recent bankruptcy proceeding, but both Sears Hometown and Sears are controlled by Edward Lampert.
Rental services and resales are becoming a bigger part of the shopping experience at traditional department stores. Last week, Nordstrom and Rent the Runway expanded their partnership to include RTR Revive, a section in 24 Nordstrom Rack stores that will sell pre-worn rental fashions.
Omnichannel and offering consumers options for shopping where, when and how they want were key takeaways from NRF 2020 Vision: Retail's Big Show last week, Nikki Baird of Aptos writes. A streamlined, focused role for artificial intelligence and solutions to help retailers better understand shopper behavior were also hot topics.
Demographic shifts, such as changes in spending patterns of millennials as they age, are expected to have an effect on the retail outlook in 2020, analysts say. The domestic economy and geopolitical factors, including tensions in the Middle East and still-unresolved tariff issues with China, are also likely to factor into the mix.