The Colorado-based media conglomerate has announced the appointment of Amazon alum Jeff Yurcisin, QVC vet Mary Campbell, former VF corp exec Aidan O’Meara and Tom Bazzone to a range of executive roles within the group.
In shock news, Tesco said it is to close its Tesco Direct non-food webstore, which sells clothing, homewares, furniture, electricals, toys, health & beauty and more, after conducting a review of the lossmaking business.
In another blow to the UK high street, Marks & Spencer has proposed more closures as part of its transformation strategy. Bayswater, Darlington, East Kilbride, Falkirk and Kettering will be amongst the towns affected.
It wasn't a great seven days for John Lewis with the week up to and including May 19 seeing its parent company's sales dipping 0.3% to £202.73 million, but the department store chain’s sales falling by as much as 6.3%.
Citi Retail and Sears Holdings announced on Tuesday the extension of a 15-year credit card partnership, amounting to a $425 million cash injection for the U.S. retailer, as part of the 'Shop Your Way Mastercard' program.