Bed Bath & Beyond CEO out as sales fall 25% in Q1; FTC sues Walmart on claims it failed to protect money transfer customers from fraudsters; StockX lays off 8% of its workforce; Pinterest names Google president of commerce as CEO
With Target taking the vocal lead, retailers are flushing out excess inventory to reset for the holidays. How much they’ll sell then is anybody’s guess.
Mark Tritton, who took the helm in late 2019 after helping execute a turnaround at Target, is replaced by independent board member Sue Gove in the interim.
The image-sharing platform continues its push into social retail as co-founder and former CEO Ben Silbermann transitions to the executive chairman role.
To drive better sales, retailers will need a forward vision that puts consumer data at the center of product development. Find out how in this playbook.
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