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Top Retail Sector News
AmazonBankrupt department store company Saks Global is ending its eCommerce partnership with Amazon.
That’s according to a Friday (Jan. 30) report from Reuters, which noted that the arrangement between the two companies had already been strained when Saks filed for bankruptcy last month, even…See the Story
Saks Global Winds Down eCommerce Deal With Amazon
Aldi · United KingdomAldi invested more than £22m in reducing prices on hundreds of products last month to boost its appeal with cash-strapped consumers. Reductions included everyday staples and nutritious options, with Red Lentils reduced to 99p from £1.39, Porridge Sachets cut to (more…) The post Aldi Cuts Prices Across Hundreds Of Products appeared first on KamCity.See the Story
Aldi Cuts Prices Across Hundreds Of Products
CFO · LondonKingfisher has appointed Ocado chief financial officer (CFO) Stephen Daintith as a non-executive director and a member of the company’s audit and nomination committees. The appointment, which will be effective from 1 April, will see Daintith succeed Jeff Carr as Kingfisher’s chair of the audit committee when Carr’s nine-year tenure ends in 2027. Daintith currently serves as Ocado CFO and worked as CFO for Rolls-Royce from 2017 to 2021. Kingfishe…See the Story
