Wal-Mart name Doug McMillon as Mike Duke's replacement Monday, 25th November 2013
Doug McMillon is set to replace Mike Duke as chief executive officer of Wal-Mart Stores Inc, it has been revealed. McMillon will head the world's largest retail group when current CEO Mike Duke retires on January 31 2014. McMillon, who currently heads the brand’s international division, will be expected to reverse the disappointment of missing Wall Street estimates on US comparable sales for the last three quarters.
Debenhams bosses lose bonuses as profits continue to fall Tuesday, 12th November 2013
Debenhams bosses lost their cash and share bonuses this year after profits continued to recede, according to its annual report.
Jeremy Scott unveiled as Moschino creative director Tuesday, 29th October 2013
Jeremy Scott has been named as the new creative director of Moschino, effective immediately.
Carpetright braces for losses as chief executive departs Friday, 4th October 2013
Carpetright has said it’s expecting profits that fall “significantly” short of expectations as chief executive Darren Shapland prepares to leave after only 17 months in the role.
Saks top brass to exit after acquisition is complete Monday, 16th September 2013
Saks' Chairman and Chief Executive Officer Stephen Sadove and President and Chief Merchant Ronald Frasch are each set to exit the department store chain once the acquisition by Hudson's Bay Co is complete.
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