Posts filtered by tags: Aine Cain[x]


 

Low pay isn't causing people to quit their jobs — toxic workplace culture is

Steve Pfost/Newsday RM via Getty Images Compensation isn't the biggest factor in an employee deciding to quit, a new analysis found. Toxic workplace culture is 10.4 times more likely to contribute to an employee leaving. Retail workers are the most likely to quit, but firms like SpaceX have also had a high quit-rate. Workers are quitting their jobs in record numbers. But what's nudging them out the door isn't low pay — it's toxic workplace culture. That's according to a ne...
Tags: Spacex, Careers, Trends, Bloomberg, Netflix, Mckinsey, Employee Retention, McKinsey Company, MIT Sloan Management Review, Ella Cerón, Donald Sull, Avery Hartmans, Bloomberg Global, Sull, Aine Cain, Toxic Workplace


Walgreens executives say the drugstore chain is losing about 50% more money due to loss and theft than it did prior to 2020

Customers walk by products locked in security cabinets at a Walgreens store in San Francisco, California.Photo by Justin Sullivan/Getty Images Walgreens' shrink rate, or items lost to theft and damage, is 40-50% higher than it was prior to 2020. "These are gangs that actually go in and empty our stores of beauty products," the company's CFO said. Retailers lost a record $61 billion to theft in 2020, according to a National Retail Federation survey.  Walgreens lost more income to theft...
Tags: Congress, US, Trends, Fbi, Walgreens, Retailers, Kroger, San Francisco California, National Retail Federation, San Francisco Chronicle, Kehoe, Walgreens Boots Alliance, San Francisco Police, Aine Cain, Roz Brewer, Allana Akhtar


Walgreens executives say the drugstore chain is losing 50% more money due to loss and theft

Walgreens store in Oakland, California.Yalonda M. James/The San Francisco Chronicle via Getty Images Walgreens' shrink rate, or items lost to theft and damage, was 50% higher in the last 2 years. "These are gangs that actually go in and empty our stores of beauty products," said CEO Roz Brewer. Retailers lost a record $61 billion to theft in 2020, according to a National Retail Federation survey.  Walgreens has lost 50% more income to theft and damaged items in the last two years.Roz Brew...
Tags: Congress, US, Trends, Fbi, Walgreens, Kroger, National Retail Federation, Brewer, San Francisco Chronicle, Walgreens Boots Alliance, San Francisco Police, Aine Cain, Roz Brewer, Allana Akhtar, Getty Images Walgreens, Scott Glenn Home Depot


Walgreens executives say the drugstore chain is losing about 50% more money due to loss and theft

Customers walk by products locked in security cabinets at a Walgreens store in San Francisco, California.Photo by Justin Sullivan/Getty Images Walgreens' shrink rate, or items lost to theft and damage, was about 50% higher in the last 2 years. "These are gangs that actually go in and empty our stores of beauty products," the company's CFO said. Retailers lost a record $61 billion to theft in 2020, according to a National Retail Federation survey.  Walgreens has lost 50% more income to...
Tags: Congress, US, Trends, Fbi, Walgreens, Retailers, Kroger, San Francisco California, National Retail Federation, San Francisco Chronicle, Kehoe, Walgreens Boots Alliance, San Francisco Police, Aine Cain, Roz Brewer, Allana Akhtar


Walmart is doubling down on its in-home delivery service and plans to hire a fleet of 3,000 specially trained, body-cam-wearing drivers

Walmart is looking to hire 3,000 new delivery drivers.Courtesy of Walmart Walmart is expanding its InHome delivery program and seeking to hire 3,000 drivers. The program allows Walmart employees to enter shoppers' homes to make deliveries. The service will be coming to cities like Los Angeles, Chicago, Houston, and Indianapolis in 2022. Walmart is seeking to hire 3,000 delivery drivers as it expands its InHome Delivery service. These body-camera-wearing, specially trained employees will b...
Tags: US, Trends, Walmart, Indianapolis, Retail, Marc Lore, Ward, Vero Beach Florida, Walmart Walmart, Kansas City Pittsburgh, Aine Cain, Tom Ward Walmart, BI Select, Los Angeles Chicago Houston, Los Angeles Chicago Houston Dallas Nashville


Walmart is partnering with the stars of The Home Edit for an exclusive product line

Walmart is teaming up with Clea Shearer and Joanna Teplin from Netflix's "Get Organized with The Home Edit."Courtesy of Walmart and The Home Edit Walmart is teaming up with The Home Edit for a new product line that drops today. Insider interviewed Walmart executive Anthony Soohoo about the collaboration. Soohoo told Insider that Walmart is operating with a "Netflix programming mentality." Spending on the home has spiked throughout the pandemic, and now Walmart is betting that its shoppers...
Tags: Home, Instagram, Trends, Walmart, Netflix, Retail, Neil Patrick Harris, Shearer, Anthony Soohoo, Teplin, Clea Shearer, Joanna Teplin, Aine Cain, Soohoo, BI Select, Gap Home


The billionaire founder of Roblox reportedly used a tax break for small businesses to avoid paying millions to the IRS

Roblox founder David Baszucki presents at a conference in 2019.Ian Tuttle/Getty Images for Roblox Roblox founder David Baszucki potentially avoided paying millions in taxes, according to The New York Times. Baszucki and his family used a small business tax exemption at least a dozen times, the paper reported. The video game platform is worth about $56 billion, and is a large source of Baszucki's estimated $7 billion wealth. The billionaire founder of Roblox used a tax break designed for s...
Tags: Amazon, Taxes, News, Finance, Elizabeth Warren, US, Trends, Bloomberg, New York Times, Bill Clinton, Silicon Valley, Tax Breaks, Irs, Internal Revenue Service, Dale Bumpers, US Small Business Administration


Advent calendars are everywhere — and they're an easy way for retailers to get people spending during the holiday season

I purchased an Advent calendar for my dog at Costco.Áine Cain/Insider Advent calendars continue to be a hot packaging trend across categories. Experts say consumers love the festive concept that allows them to sample products. By bundling products, retailers are also pursuing a major margin opportunity. Back in October, my husband and I were walking through our local Costco when I froze in front of a certain display, a stack of bright red boxes festooned with images of cartoon canines and Chr...
Tags: New York, Christmas, Holiday, Trends, Walmart, Gifts, Retail, Keurig, Chanel, Costco, Google Trends, Sephora, Tiffany, Michael Goodman, Sam s Club, Advent Calendar


I tried shopping with AI shopping carts at Kroger with the CEO of Veeve

In a partnership with Veeve, Kroger has introduced Krogo smart carts into some of its stores.Courtesy of Veeve The supermarket giant Kroger has partnered with the smart-shopping-cart company Veeve. Insider swung by an Indiana Kroger to test the carts with Veeve CEO Shariq Siddiqui. "What we're really doing is watching the customer shop," Siddiqui told Insider. With contactless shopping on the rise, smart shopping carts are no longer a futuristic fancy. This technology can be found in stor...
Tags: Amazon, Trends, Features, Retail, Instacart, Kroger, Aren, Albertsons, Veeve, Siddiqui, Indiana Kroger, Aine Cain, Avon Indiana, Shariq Siddiqui, BI Select, Veeve Kroger


Walmart is making moves into drones — here's how they plan to do it

Drone hovering above Walmart parking lotDroneUp Walmart is growing its autonomous delivery network by partnering with startup drone companies. The retailer launched operations out of two cities in Arkansas in November in partnership with Zipline and DroneUp. The expansion of drone services will assist in reducing the impact of the current labor shortage. Walmart is making big moves as it continues to invest in its drone delivery operation to quickly and efficiently serve customers by air. ...
Tags: US, Trends, Walmart, Arkansas, North Carolina, Faa, Zipline, Federal Aviation Administration, Airmap, Ward, Fayetteville North Carolina, Bentonville Arkansas, Walmart Neighborhood Market, North Las Vegas, Tom Ward, Flytrex


Fired McDonald's CEO Steve Easterbrook is forced to pay back $105 million in severance over claims that he lied about affairs with employees

A photo of former McDonald's CEO Steve Easterbrook.Scott Olson/Getty Images) Former McDonald's CEO Steve Easterbrook will have to hand back $105 million in severance. CNBC's Amelia Lucas reported the news of the massive clawback. The lawsuit against Easterbrook has dragged on since August 2020. Former McDonald's CEO Steve Easterbrook will return his severance pay — a figure estimated to be around $105 million — to his former employer to settle a lengthy lawsuit over his sexual...
Tags: News, Trends, Chicago, Retail, Mcdonald's, Cnbc, Steve, McDonald, Hernandez, Steve Easterbrook, Kate Taylor, Severance, Easterbrook, Aine Cain, Rick Hernandez, David Fairhurst


The US will put 8 more Chinese companies including dronemaker DJI on an investment blacklist, report says

Dronemaker DJI along with other companies will be added to the US Treasury's "Chinese military-industrial complex companies" blacklist on Thursday.asbe/Getty Dronemaker DJI and 7 other Chinese companies will be added to a US investment blacklist Thursday, the Financial Times reported. They are being blacklisted for alleged involvement in the surveillance of the Uyghur Muslim minority, the Wednesday report said. The US Commerce Department will also restrict exports to more than two dozen C...
Tags: Hong Kong, China, US, Trends, Joe Biden, Beijing, Canada, Shanghai, US Treasury, Federal Reserve, Biden, Xinjiang, Financial Times, Shenzhen, US Commerce Department, SMIC


A growing number of shoppers are 'bracketing' their online purchases, creating a logistical nightmare for retailers

Noam Galai/Getty Images "Bracketing" is the practice of buying the same item online in multiple sizes or colors. It's increased along with the rise of e-commerce: 58% of shoppers now report bracketing. It creates logistical and financial headaches for retailers, along with environmental side effects. Imagine for a second that you're shopping online for a new pair of boots. You're pretty sure you know what size you need, but you may need a half size bigger. You're also pretty s...
Tags: Amazon, Shopping, Trends, Walmart, E-commerce, Bbc, UPS, Online Shopping, Atlantic, Retail, Cbs, Wall Street Journal, Cnbc, Returns, Roadie, Nrf


Reef ghost kitchens make food for major chains like Burger King and Wendy's — and some insiders say they are rife with problems

Employees work at a Reef Kitchen in Boston.Pat Greenhouse/The Boston Globe via Getty Images SoftBank-backed Reef Technology operates hundreds of ghost kitchens around the US. The ghost kitchen chain has partnered with top fast-food giants like Burger King and Wendy's. Insider spoke with 18 Reef insiders about the rapidly expanding company. Insiders say Reef Technology, a chain of ghost kitchens, has faced operational chaos as it raced to expand.The Softbank-backed company operates hundred...
Tags: Texas, Softbank, US, San Francisco, Trends, Retail, Houston, Reef, Wendy, Burger King Wendy, Aine Cain, Ghost Kitchens, Getty Images SoftBank, BI Select, Reef Technologies, REEF Technology


Advent calendars are everywhere — and they're an easy way for retailers to get people spending as the holiday season gets underway

I purchased an Advent calendar for my dog at Costco.Áine Cain/Insider Advent calendars continue to be a hot packaging trend across categories. Experts say consumers love the festive concept that allows them to sample products. By bundling products, retailers are also pursuing a major margin opportunity. Back in October, my husband and I were walking through our local Costco when I froze in front of a certain display, a stack of bright red boxes festooned with images of cartoon canines and Chr...
Tags: New York, Christmas, Holiday, Trends, Walmart, Gifts, Retail, Keurig, Costco, Google Trends, Sephora, Tiffany, Michael Goodman, Sam s Club, Advent Calendar, Facebook Marketplace


Activists and researchers are calling on 82 retailers to commit to sourcing cotton outside of China to take a stand against accusations of forced Uyghur labor

Activists are calling on companies to "fully extricate their supply chains from the Uyghur Region."Tunahan Turhan/SOPA Images/LightRocket via Getty Images China has been accused of committing genocide and crimes against humanity in Xinjiang. Activists are pushing companies to "fully extricate their supply chains from the Uyghur Region," meaning Xinjiang. Researchers say that cotton from that region of China is still ending up in stores. Activists are calling on 82 major apparel and retail com...
Tags: Mexico, China, US, Trends, Nike, Tesco, Joe Biden, Beijing, United States, Coalition, Peru, Muslim, Xinjiang, Asos, Reuters, Wang Yi


Jeff Bezos made decisions at Amazon based on 5 key principles, according to a former board member

Amazon founder Jeff Bezos.Alex Wong/Getty Images A new book reveals the rules Amazon founder Jeff Bezos used to make the company a success. Tom Alberg, an ex-Amazon board member, wrote the book, which detailed Bezos' "Day 1" philosophy. It also discussed how Bezos overcame the company's early struggle to attract investment.  Jeff Bezos led Amazon to mammoth success by using a particular set of principles when he needed to make important decisions for the company. The principles were d...
Tags: Amazon, Trends, Jeff Bezos, Seattle, Amazon Web Services, Madrona Venture Group, Jeff, Bezos, Congressional Committee, Tom Alberg, Amazon Back, Shana Lebowitz, Ashley Stewart, Alberg, Aine Cain, Jeff Bezos Alex Wong Getty


Everything is getting more expensive, and that's great news for Walmart

Prices are rising, but that doesn't seem to have hurt Walmart.Brandon Bell/Getty Images Walmart just posted results for a triumphant quarter with a 9.2% rise in sales over last year. That's despite the fact that inflation has led to rising prices throughout the retail industry. High prices may prompt more consumers to opt for cheaper options like those offered at Walmart. Walmart posted strong results in its third quarter earnings call on Tuesday, even as consumers experience sticker ...
Tags: Trends, Walmart, United States, Nrf, National Retail Federation, US Census Bureau, Walmart Walmart, Melson, Sam s Club, Jack Kleinhenz, Aine Cain, Doug McMillon Walmart, Walmart Brandon Bell Getty Images Walmart, Philip Melson Client Partner at Fractal Analytics


Frustrated retail workers say they're getting overloaded with work due to chronic understaffing

Understaffing is making retail workers' jobs harder. Marianne Ayala/Insider Everyone knows that the labor crunch can mean headaches for customers. But under-staffing is also a major problem for retail workers. Insider spoke with 4 retail workers who say they've had to take on more tasks due to under-staffing. When Terry started working in the produce department of his local Whole Foods - pre-pandemic - there was always something to do. He could help out the floral section, chop fr...
Tags: Amazon, Trends, Walmart, Pennsylvania, Slaughter, Terry, Cnbc, Petsmart, McDonald, Aine Cain, United for Respect, Marianne Ayala Insider Everyone, Gloria Song, Isabela Burrows, PetSmart She, Enaiajaht Slaughter


Inside the rise of 'antiwork,' a worker's strike that wants to turn the labor shortage into a new American Dream

Samantha Lee/Insider The "antiwork" movement is rapidly growing, as people - especially Gen Zers - embrace a work-free lifestyle. Both an online and in-person movement, it's about workers pushing back against exploitation and rethinking possibilities. Insider spoke to three antiworkers about why they've left working behind, and what it means about the American Dream. Larry had a vision after he graduated college: He and his then-wife were going to be a "power couple." They were go...
Tags: Facebook, Florida, Congress, Colorado, China, America, Trends, Reddit, Kansas, South Carolina, Nicholson, Larry, Rowland, Gen Zers, Samantha Lee, Kade


Jeff Bezos' decision making at Amazon came down to 5 key principles, according to a former board member

Amazon founder Jeff Bezos. Alex Wong/Getty Images A new book reveals the rules Amazon founder Jeff Bezos used to make the company a success. Tom Alberg, an ex-Amazon board member, wrote the book, which discussed Bezos' "Day 1" philosophy. It also discussed how Bezos overcame the company's early struggle to attract investment. Jeff Bezos led Amazon to mammoth success by using a particular set of principles when he needed to make important decisions for the company. The principles w...
Tags: Amazon, Trends, Jeff Bezos, Seattle, Amazon Web Services, Madrona Venture Group, Jeff, Bezos, Congressional Committee, Tom Alberg, Amazon Back, Shana Lebowitz, Ashley Stewart, Alberg, Aine Cain, Jeff Bezos Alex Wong Getty


There's a straightforward way for businesses to attract young workers in a competitive labor market: affordable childcare

People walk by a Help Wanted sign in the Queens borough of New York City. Spencer Platt/Getty Images Millions of people are "missing" from the workforce because they're home providing childcare. But bumping up pay or offering bonuses isn't fixing the labor shortage. Companies need to offer better benefits, specifically childcare, to lure more workers, experts say. As a labor crisis continues to hamper US businesses, access to affordable childcare could bring millions of workers bac...
Tags: US, Careers, Trends, Benefits, Childcare, Analysis, Commerce, Queens, Starbucks, Costco, Wall Street Journal, Hiring, Cnbc, PAUL, McDonald, Gina Raimondo


It's time to give white-collar perks to traditionally blue-collar jobs

Ending the labor shortage could mean offering more. to blue-collar workers, experts say. Samantha Lee/Insider The tight labor market has empowered many employees to ask for more from their employers. Experts say that offering blue collar workers "white collar" perks is one way out of the crunch. That means offering bonuses, robust benefits, and opportunities for professional growth. Throughout the pandemic, businesses have touted perks like sign-on bonuses. Others have raised wages. But ex...
Tags: Amazon, Jobs, Trends, Walmart, Benefits, Retail, Duffy, Stevenson, White Collar, Johnston, SnagAJob, Samantha Lee, Blue Collar, Labor Shortage, Aine Cain, Andrew Duffy


Elton John is collaborating with Walmart on a new eyewear brand

Elton John is teaming up with Walmart. Courtesy of Walmart Walmart and Elton John are partnering for a new eyewear brand. Elton John Eyewear is available at Sam's Club locations starting today. Walmart has pledged to donate at least $1 million annually to John's AIDS foundation. Walmart is collaborating Elton John with for a new eyewear line available starting today. The Arkansas-based retailer and the English singer-songwriter have created Elton John Eyewear, which launches in ...
Tags: Fashion, Entertainment, US, Trends, Walmart, Arkansas, Elton John, Retail, John, Sam, Southeast US, Sam s Club, Aine Cain, BI Select, Walmart Courtesy of Walmart Walmart, Elton John Eyewear


Elton John is collaborating with Walmart and Sam's Club on a new eyewear brand

Elton John is teaming up with Walmart. Courtesy of Walmart Walmart and Elton John are partnering for a new eyewear brand. Elton John Eyewear is available at Sam's Club locations starting today. Walmart has pledged to donate at least $1 million annually to John's AIDS foundation. Walmart is collaborating Elton John with for a new eyewear line available starting today. The Arkansas-based retailer and the English singer-songwriter have created Elton John Eyewear, which launches in ...
Tags: Fashion, Entertainment, US, Trends, Walmart, Arkansas, Elton John, Retail, John, Sam, Southeast US, Sam s Club, Aine Cain, BI Select, Walmart Courtesy of Walmart Walmart, Elton John Eyewear


Fox News host says consumers bear no blame for supply chain issues because they 'have a belief in American excellence'

Fox News host Dana Perino. John Lamparski/Getty Images Fox News host Dana Perino said it is "absurd" to blame excess demand for the US's supply chain woes. In a Wednesday morning segment, Perino took exception to a WaPo op-ed on the subject. Americans have had their "expectations pampered and catered to for decades," the Post columnist wrote. In an otherwise typical segment on supply chain issues Wednesday morning, Fox News host Dana Perino took umbrage at the notion that American cons...
Tags: Post, Politics, Media, Washington Post, White House, US, America, Trends, Supply Chain, Joe Biden, Fox, Retail, Fox News, George W Bush, Department Of Transportation, Trump


Fox News host says consumers bare no blame for supply chain issues because they 'have a belief in American excellence'

Fox News host Dana Perino. John Lamparski/Getty Images Fox News host Dana Perino said it is "absurd" to blame excess demand for the US's supply chain woes. In a Wednesday morning segment, Perino took exception to a WaPo op-ed on the subject. Americans have had their "expectations pampered and catered to for decades," the Post columnist wrote. In an otherwise typical segment on supply chain issues Wednesday morning, Fox News host Dana Perino took umbrage at the notion that American cons...
Tags: Post, Politics, Media, Washington Post, White House, US, America, Trends, Supply Chain, Joe Biden, Fox, Retail, Fox News, George W Bush, Department Of Transportation, Trump


Lighting, fire pits, and heat lamps lead fall landscaping trends, according to one Lowe's exec

A fall deck project from Jon Dawson, one of the influencers collaborating with Lowe's. Courtesy of Lowe's Fall is here, and Lowe's has some suggestions about the biggest autumnal trends. Marisa Thalberg, Lowe's chief marketing officer, broke down the hottest home improvement trends for fall. One major trend focuses on helping consumers maximize their outdoor time. In the home improvement space, fall is a transitional period. After the summer fades, consumers start putting a...
Tags: Autumn, Fall, Home Improvement, Trends, Retail, Chris, Lowe, Lowes, Marisa Thalberg, Thalberg, Aine Cain, Marisa Thalberg Lowe, BI Select, Jon Dawson, Julia Marcum, Recent Census


If you're planning on shopping at Walmart for the holidays, here's your guide

Walmart's Black Friday deals will roll out across November. Joe Raedle/Getty Images Walmart is bringing back its "Black Friday Deals for Days" sales events this year. The retailer's Black Friday sales event will span the entire month of November. Walmart Plus subscribers will get early access to deals. Walmart is once again starting its Black Friday sales significantly earlier than the name might suggest. Starting at 8:15 p.m. ET on Monday, October 18, Black Friday discounts for it...
Tags: Black Friday, Trends, Walmart, Retail, Blackstone, Joe Raedle Getty, Scott McCall, Aine Cain, Walmart US, Janey Whiteside, BI Select, Black Friday 2021, Holiday 2021


A podcast for retail workers is calling out the 'soul-defeating' industry for harsh management, abusive customers, and poverty wages

iStock; Skye Gould/Insider Retail Warzone is a new podcast that focuses on the plight of retail workers. Co-host Steve Rowland was a longtime retail manager who got laid off during the pandemic. He is now focused on shining a light on industry "horror stories." See more stories on Insider's business page. At the returns desk of a home decór store, a woman brought in flower pot writhing with gray maggots in its base. She was furious when an employee said the store would be unable to pr...
Tags: Facebook, Trends, Bureau of Labor Statistics, United States, Rowland, Aine Cain, Alex Rowland, Steve Rowland, Skye Gould Insider Retail Warzone, Amazon According to Rowland