Payless ShoeSource is set to emerge from bankruptcy as soon as Wednesday and is banking on a strategy focused on bricks-and-mortar sales at a time when e-commerce is casting an ever-growing footprint on retail sales.
U.S. credit card processing company Vantiv secured a deal to buy British-based rival Worldpay for 8 billion pounds ($10.4 billion) on Wednesday in a bid to create a $29 billion global payments powerhouse.
Columbia Sportswear has announced that Scott Kerslake, CEO of the company’s Prana brand, intends to resign his position, effective August 18, in order to assume another leadership position "in an adjacent industry."
British consumer spending fell for the third month in a row in July in its longest losing streak in over four years, in another sign that the impact of last year's Brexit vote is rippling through to households.
Britain's second-biggest supermarket chain, Sainsbury's, is considering cutting 1,000 head office jobs as part of a drive to save 500 million pounds ($652 million) in costs, the Sunday Telegraph newspaper reported.