Sharon Otterman Appointed CMO at Macy’s
Macy’s, Inc. announced Sharon Otterman as their new Chief Marketing Officer.
Ulta Beauty Reports Mixed Growth
Ulta Beauty, Inc. announced its financial results for the third quarter and the first nine months of fiscal year 2023.
Liz Rodbell returns to Hudson’s Bay, this time as President and CEO
Hudson’s Bay has announced the appointment of Liz Rodbell as President and CEO. Rodbell is an HBC veteran, having served as President of Hudson’s Bay from 2013-2017.
Klarna expands growth tools for retailers
Klarna has announced the expansion of its growth tools for retailers and creators to help them engage with their audiences in more effective wats and enhance the shopping experience for customers.
Consumer Caution Marks Holiday Shopping
Black Friday sales in the U.S. have shown consumers are spending cautiously, signalling a potentially subdued holiday shopping season.
Dior cuts the ribbon on Saks Fifth Avenue takeover
Saks and Dior have cut the ribbon on their collaborative holiday campaign with the launch of an exclusive World of Dior digital pop-up on Saks.com and the unveiling of the department store’s New York flagship’s 10-storey-high light show.
Kohl’s Q3: Net sales down 5.2 percent but gross margin on the up
Kohl’s has reported its results for the third quarter of fiscal 2023. The US department store chain reported net sales of US$3.8 billion, down 5.2 percent from the year-ago quarter, but gross margin grew 158 basis points to 38.9 percent.
Nordstrom Q3 2023: net sales dive 9.4 percent but profit rising
Nordstrom has reported its results for the third quarter of fiscal 2023. Total company net sales fell 6.8 percent while the eponymous US department store saw net sales decrease 9.4 percent and gross merchandise value fell 9.8 percent compared to the prior year quarter.
Kohl’s President and COO quits after 8 months in the role
Kohl’s President and COO, Dave Alves has left the company after a mere 8 months at the department store and will not be replaced.
Walgreens Pharmacy’s Close for Thanksgiving
Walgreens Boots Alliance has announced an unprecedented decision to close nearly all its stores and pharmacies on Thanksgiving Day.
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