The Spanish startup connecting social media with ecommerce is considering changing its current business model to explore new income streams. This will lead to “dozens” of job cuts, it told members of staff.
At an investor day in London on Tuesday, M&S management owned up to something the retail sector had probably assumed for some time – that its turnaround program for its troubled fashion ops is way behind schedule.
Deutsche Post DHL set a new target for an operating profit of 5.3 billion euros for 2022 and plans to invest heavily in areas like warehouse automation and analytics as it aims to keep up with fast-growing e-commerce.
The retail chain announced on Tuesday that it has completed the sale of its remaining European real estate and joint ventures to Signa Retail, as the company seeks to focus its attention on its North American operations.
Stitch Fix Inc forecast current-quarter revenue below analysts’ estimates on Tuesday after reporting better-than-expected quarterly earnings, as it cut marketing spending and increased technology investment.