Trevor Edwards has been widely seen as a successor to Nike CEO Mark Parker, who will now delay his own departure, Bloomberg reports.
Sears Holdings CEO Eddie Lampert says the department store chain made “progress” in 2017.
Owning intellectual property can help retailers survive, says former Toys R Us CEO Gerald Storch.
Hugo Boss has agreed to extend the contract of chief executive Mark Langer after he successfully put the fashion retailer “back on the road to growth”. Langer, who is also the chairman of the fashion retailer’s managing board, will now have his contract run for an additional three years until December 2021.
Despite declines and increased competition in the apparel space, CEO David Jaffe told analysts not to count out the brand's labels.
TM Lewin has appointed New Look’s former international managing director Sven Gaede as its new chief executive. This means Geoff Quinn, who has been chief executive since 1993, will become chairman and continue to be an active board member of the menswear retailer
The rebrand is the “culmination of a multi-year evolution,” according to the company, which will be led by QVC CEO Mike George.
CEO James Debney said the company had shed about 25% of its manufacturing workforce, USA Today reports.
Aldi has named a new chief executive for its British and Irish operations as the current boss is promoted to an expanded role within the German grocer’s parent company. The discount grocer has confirmed that Matthew Barnes will take up a new position on Aldi Süd’s coordination board in April and make way for Giles Hurley, who will become the new UK and Ireland chief executive. Hurley, who is the current group managing director with responsibility for Aldi’s operations in Ireland, will step into his new role on May 1 and will report directly to Barnes
Best Buy CEO Hubert Joly says he fears retaliation as a result of the tariffs.