“Survivors described a scene of panic Thursday after a raised storage area collapsed at a footwear factory in this Cambodian village, killing at least two workers, injuring a dozen more and underlining global worries about factory safety in poor countries.”
“J.C. Penney Co Inc Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer.”
“Nordstrom Inc. dropped after the department-store chain posted first-quarter revenue that trailed analysts’ estimates and cut its sales forecast for the year.”
“Growth in sales of luxury goods is expected to ease slightly this year, hit by subdued spending in Europe and slower growth in China, consultancy Bain & Co said in a study on Thursday.”
“Earlier this week, Yahoo CFO Ken Goldman spoke at JP Morgan’s Global Technology conference and underscored the need for the aging Silicon Valley Internet giant to attract more users from the coveted 18-to-24-years-old age bracket… According to sources close to the situation, that could mean a strategic alliance and investment in or outright buy of perhaps the coolest Internet company of late: Tumblr.”
“The Gucci story began in 1921 when Guccio Gucci, the son of a Tuscan hatmaker who in his youth had worked his way to London as a stoker and worked in the kitchens of the Savoy before returning to Italy, opened a leather goods shop in Florence.
“With new digital tools marketers can reach the likeliest customers when they are most in the mood to buy… Instead of just lobbing messages out into the void, they must now act as customers’ ‘ambassadors’, says David Edelman of McKinsey, a consultancy. And that is tricky.”