Burberry said Friday that the first of its new executive hires joins the company this week with the arrival of chief operating officer and finance head Julie Brown. Its new CEO also joins later this year.
An improving economy and attractive deals from retailers powered a better-than-expected 4 percent increase in U.S. holiday sales to $658.3 billion, retail industry group National Retail Federation said.
Forerunner Ventures, the investment firm behind Warby Parker and others, was among several companies that contributed to Stadium Goods' $4.6 million equity funding. The funding will help the retailer expand further.