Target Plans Short-Term Profit Margin Hit as it Right-Sizes Inventory for Future Growth
Target is taking multiple actions to right-size its inventory, including additional markdowns, removing excess inventory and cancelling orders,…
News June 8
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Circle K Owner Launches Summer Hiring Spree to find 25,000 New Workers
Convenience store operator Alimentation Couche-Tard has announced that is hiring for more than 25,000 positions at its more…
News June 8
The RealReal Founder and CEO Resigns; COO and CFO Step in as Co-Interim CEOs
The RealReal Founder, CEO and Chairperson Julie Wainwright has left the company, effective June 7. President and COO…
News June 8
WWD: Sephora CEO Leaving After Less Than Two Years
Martin Brok, CEO and President of Sephora, is reportedly leaving the company at the end of June after…
News June 7
Amazon Worldwide Consumer CEO to Exit Company July 1
After a 23-year career with Amazon, Dave Clark, CEO of the Worldwide Consumer, has resigned, effective July 1.…
News June 7
Apple to Expand Further into Payment Services with Built-in BNPL Option
At Apple’s 2022 Worldwide Developers Conference (WWDC), the tech giant unveiled a slew of updates for its impending…
News June 7
Kohl’s, Franchise Group Enter Exclusive Negotiation Period at $8 Billion Purchase Price
Kohl’s has entered into exclusive acquisition negotiations with Franchise Group for a three-week period. Franchise Group has offered…
News June 7
Ecommerce Merchandising Platform nfinite Raises $100M
nfinite, a SaaS platform that that enables 3D-based ecommerce merchandising, has raised $100 million in Series B funding,…
News June 7
Stitch Fix Names Former Frye’s and Ann Taylor Veteran CMO
Stitch Fix has hired Debbie Rose Woloshin as its new Chief Marketing Officer (CMO). Woloshin was previously the…
News June 6Top Stories
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