Estee Lauder sinks on disappointment that CEO Fabrizio Freda didn’t have better news about China
Hits: 10Speaking at a retail conference, Estee Lauder CEO Fabrizio Freda acknowledged short-term volatility in the company’s China business. Source
Hits: 10Speaking at a retail conference, Estee Lauder CEO Fabrizio Freda acknowledged short-term volatility in the company’s China business. Source
Hits: 7Stephanie Linnartz, a former Marriott executive who took over at Under Armour in February 2023, is the second CEO UAA has cycled through in less than two years. Source
Hits: 12Shares of Zara owner Inditex rose to an all-time high Wednesday after the company announced its full-year 2023 results. Source
Hits: 7Ron Coughlin has served as Petco’s CEO for more than five years and has been instrumental in transforming the company into a health and wellness business. Source
Hits: 8Ulta Beauty CEO Dave Kimbell said online marketplaces are contributing to organized retail crime and need to do more to deter the sale of stolen goods. Source
Hits: 7The longtime CEO of Berkshire Hathaway’s Brooks Running, Jim Weber, is stepping down, and its COO Dan Sheridan is taking over. Source
Hits: 9Organized retail crime rings can involve groups that sell stolen goods at flea markets and more sophisticated networks that resell stolen goods on Amazon. Source
Hits: 9The CNBC/NRF Retail Monitor, derived from actual credit card spending data from Affinity Solutions, rose 1.06% in February, when excluding autos and gas. Source
Hits: 4Swedish retail giant IKEA has been cutting prices for some of its items as inflation eases and the cost of raw materials drop globally. Source
Hits: 10Donald Trump’s promise of tougher China tariffs if elected again could make doing business there more difficult for American companies. Source
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