Apple has announced that Angela Ahrendts, CEO of Burberry, will be joining the company as SVP of retail and online stores — a newly created position — and as a member of its executive team. Ahrendts will report to CEO Tim Cook.
Lumber Liquidators spokesman Clint Roberts responded to sister publication HCN's requests for comment regarding the ongoing federal investigation into its sourcing practices. Multiple reports have suggested that the investigation is linked to the Environmental Investigation Agency, which claims the retailer is purchasing wood illegally in protected forests in Far East Russia.
Staples is offering an added incentive to drive traffic to its stores this holiday season. Starting Nov. 3, the retailer will match prices on items sold and shipped by Amazon.com or any retailer that sells products in retail stores and online under the same brand.
Leading consumer products company Helen of Troy saw solid growth in all its business segments during the second quarter, which led to record sales of its stable of well known brands, but stagnant profits.
Changes in foreign exchange rates had a negative impact on Costco’s comparable store sales for the fourth quarter ended Sept. 1, but the wholesaler still reported increases in both its U.S. and international markets.
Sears and its Shop Your Way loyalty program are prepared to make a splash in New York next week by playing a major role in the city’s Food Network New York City Wine & Food Festival presented by Food & Wine.