Lululemon said Laurent Potdevin, most recently the president of Toms, will be its new CEO starting in January 2014. It also said controversial founder Chip Wilson will relinquish his role as non-executive chairman but will remain on the retailer’s board.
Total video ad views grew 31% in the third quarter, Citigroup analysts said in a note today.
Engaged Capital, which last week sent a nine-page open letter to Abercrombie’s board calling for CEO Mike Jeffries’s ouster, is “disturbed” to learn his contract was extended today.
Controversial Abercrombie CEO Mike Jeffries, whom an activist investor has been pressuring to oust this past week, isn’t going anywhere yet.
Home Depot is now the largest seller of fresh-cut Christmas trees in America. This is the story of how the trees travel from the farm to your home.
The lower tier of the preppy apparel universe — below Abercrombie and American Eagle — reported its 13th straight quarter of falling or flat same-store sales yesterday.
Don’t underestimate how much people love a good haul video.
Activist firm Engaged Capital fired off an open letter to Abercrombie’s board today saying that Jeffries, whose latest employment contract expires on Feb. 1, needs to be replaced.
Chief Executive Officer Jeff Bezos showed off the drones, which are in development right now, on 60 Minutes tonight. He claims they could be making 30-minute deliveries in four to five years, though acknowledged that’s a particularly optimistic timeline.
From Apple jumping in the fray to Abercrombie renaming it “Hot Friday,” you might be surprised.