Heidi Stevens takes over as CEO of Otto International in mid-May, succeeding Michael Dumke, who’s due to retire at the end of June after 11 years as CEO of Otto Group’s global procurement and services company.
Kohl's Corp. sent out a letter to its shareholders on Monday, outlining the strength of its board of directors, hitting back at activist investor Macellum who wishes to take control of the board and sell-off the company.
Beauty retailer Space NK has signed a deal with one of the world’s biggest names. It's teaming up with Walmart to bring prestige beauty products to the US firm's webstore next week and to US Walmart stores this summer.
Gap Inc on Thursday forecast 2022 earnings above estimates, betting on strong demand for its Old Navy and Athleta clothing brands as Americans return to offices and social events thanks to declining Omicron cases.