Barbara Martin Coppola was brought in as IKEA Group’s chief digital officer last year as part of a plan to transform the company. The executive has focused on communicating “the values and feelings” of the furniture retailer in a digital way, by way of its website, in-store digital as well as how the technology used…
Jeremy King, Walmart’s chief technology officer, is leaving the retailer for “a new adventure,” according to an announcement by the company. Mr. King’s last day will be March 29. He joined the company in 2011 and led Walmart Lab’s, the retailer’s digital innovation unit.
L Brands has been accused of putting together a board of directors with cozy ties to Leslie Wexner, CEO and chairman of the company. The average director is 71-years-old and has been on the company’s board for 20 years. Now, L Brands has hired a search firm to help identify and bring on three new…
CVS has signed a distribution deal with Curaleaf Holdings to sell products with creams, lotions and sprays containing CBD, the part of the marijuana plant that doesn’t cause a high. The drugstore chain will sell the items in stores spread across eight states. Curaleaf operates 40 marijuana dispensaries in 12 states.
Saucony is rolling out a limited-edition, Dunkin-themed running shoe in time for the Boston Marathon. The sneakers will retail for $120 on Saucony’s website.
Levi Strauss’ initial public offering was priced at $17 a share, meaning the denim giant could raise up to $623 million. To commemorate the IPO, the New York Stock Exchange is easing its dress code to allow traders to wear jeans today.
A new generation of luxury timepiece collectors is causing the prices of brands such as Omega, Rolex and Patek Phillipe to go up. The result is that a growing number of wealthy consumers are buying watches with an eye to selling them for a profit in the future.
KFC is adding its popular fried chicken and waffles to menus at U.S. restaurants for a limited time. The restaurant chain introduced the menu addition at restaurants last year. Many reported they had sold out within two weeks.
Seventy-four percent of consumers go to Amazon.com when they are ready to buy a specific product, according to a study of more than 2,000 people by Feedvisor. The key to Amazon’s customer is its loyal base of Prime members. The e-tail giant is expected to grow its share of all e-commerce sales in the U.S….
Levi Strauss is expected to raise around $550 million in its initial public offering of stock tomorrow. The denim giant plans to direct about $408 million of the IPO’s proceeds to members of the founding company while the rest will go to the company.