H&M has laid out a major turnaround plan bring it up to speed with rivals after seeing net profit plunge 32 per cent in its fourth quarter, thanks to a drop in footfall and heavy discounting. Sales in the fourth quarter ending November 30 also declined by four per cent, while operating profit the full-year period dropped by 14 per cent to SEK 20.6 billion (£1.85 billion).
Board member Paul Meister will oversee day-to-day operations in the interim, and the daughter of longtime board chairman Ron Perelman, Debra, is taking the COO spot.
After a debut in 2016 that kept its wheels rolling mostly in Seattle, Amazon is expanding the mobile retail pop-up nationwide.
Personalization, automation and AI are driving sales and increasing average order sizes at the brand.
Grocery might have the most to gain from the Eagles-Patriots matchup, but apparel sales and ad campaigns are still looking to score.
Candace Thille, an expert in the science of learning from Stanford University, has been hired by the retailer to train workers and potentially more.
The century-old retailer is beloved by many, but it's facing an uphill climb in a tough retail environment.
The eyewear startup is offering miniature styles for a limited time and only at its New York City locations.
The multi-retailer program, run by American Express, is in discussions with the remaining partners about its future.
Fashion retailer H&M said it would open far fewer stores in 2018 as it responds to the shift to shopping online.