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Wayfair to cut 870 jobs

Online furniture retailer Wayfair has reported it will cut about 870 jobs, or 5% of its global workforce, as it looks to cut back operating expenses and realign investment priorities. Shares of the company were down about 8% in premarket trading. Wayfair pegged costs to be in the range of $30 million...

About 2 years ago

Foot Locker CEO to retire

Foot Locker has announced that Richard Johnson will retire as president and chief executive of the company and be succeeded by Mary Dillion as part of a planned succession process. A former executive chair and chief executive of Ulta Beauty, Dillon will take up her new role on 1 September when...

About 2 years ago

Simply Be teams up with Hirestreet

Simply Be has teamed up with Hirestreet to launch its first clothing rental range. The collection comprises 23 womenswear pieces and includes some of Simply Be’s bestselling own-label occasion wear dresses from the current season as well as a bridal dress which currently retails at £220. With sizes ranging from 10 to...

About 2 years ago

IKEA to liquidate Russian unit

IKEA has decided to liquidate its Russian unit,  further scaling back its operations after more than a decade-long presence in the country. The Swedish furniture giant closed its Russian stores in March and said it would sell factories, close offices and reduce its 15,000-strong workforce in the nation. However, Ikea owner Ingka...

About 2 years ago

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