Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The retailer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.
The American retailer aims to add 1,200 sellers this year to double down on the coronavirus-fuelled surge in e-commerce sales.
The discussions come amid a broader reorganisation of Walmart’s money-losing e-commerce unit, bringing it more firmly under the control of the retailer's core stores division.
The world's largest retailer allegedly discriminated against 178 female workers by paying less or denying promotions or both because of their gender.
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According to Modcloth Chief Executive Silvia Mazzucchelli, the Walmart-owned company is 'in the process of exploring potential opportunities' in response to interest from buyers.
While the retail giant's online business has been growing, it continues to be in the red, with expected losses of about $1.7 billion this year.
Both clothing businesses, which were acquired by the American retail giant in 2017, are unprofitable, according to a report by Vox.
The American retail giant has been pushing to integrate its network in China with the country's burgeoning 'smart retail' movement, as the likes of Alibaba and Tencent cut deals to combine online and high-street shopping.
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Changes include the departure of Jet president Simon Belsham, who will seek another opportunity inside or outside the company.
The planned meeting with large consumer goods brands marks the retailer's first effort to grow its nascent advertising business and challenge online ad leaders.
Retail giants are arguing that, while Facebook might know what customers like, and Google might know what they want, but only they know what they actually buy.
The retail giant expects some of its fastest sales growth this decade as it draws in more digital customers in its turf war against Amazon.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.