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.
Mastercard has teamed up with Levi Strauss & Co., VF Corporation and Marks & Spencer to trial a new hybrid digital payment scheme for garment factory workers, seeking to improve security, efficiency and transparency.
The Georgia-based value-priced urban fashion retailer has announced the appointment of Lisa Powell as EVP and chief merchandising officer, and revealed that Ken Seipel is joining the company’s board of directors.