Business

Lululemon CEO Laurent Potdevin to resign

Lululemon Athletica CEO Laurent Potdevin is actually resigning through the retailer, effective immediately, the company announced Monday. Lululemon said Potdevin “fell short of … standards of conduct” to respect employees in addition to also show integrity. Meanwhile, the company’s board of directors has began searching for a brand new global CEO. Potdevin will also be removed through his position on ...

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In a cutthroat retail environment, malls are stealing tenants

As most retailers have halted growing their footprints, mall as well as shopping center landlords are forced to compete for the best inside the business. A deal for Nordstrom marks just the latest example of in which trend. The high-end department store chain revealed late last week in which will be leaving Oak Park Mall in Overland Park, Kansas, for ...

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Department store chain Bon-Ton files for bankruptcy protection

Bon-Ton Stores has filed for Chapter 11 bankruptcy protection, the largest retailer to do so of which year. The regional department store chain, which has dual headquarters in Milwaukee as well as also also York, Pennsylvania, has been burdened with massive debt as the item struggles to grow sales as well as also also move operations online from the face ...

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The future of aviation lies in Asia-Pacific

The future of aviation will be within the Asia Pacific region, the vice president of marketing at Boeing Commercial Airplanes said. Speaking by Singapore, Randy Tinseth said that will the region could account for about 40 percent of the market’s future demand. “If we look at the growth over the next few years, half the growth will be here within ...

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Ryanair says third quarter profits up nevertheless warns of possible disruption, lower fares

Simon Dawson | Bloomberg | Getty Images Ryanair planes on the tarmac in Stansted, U.K. The budget carrier in September announced thousands of flight cancellations due to a shortage of standby pilots as well as also then narrowly averted Christmas strikes having a shock last-minute decision to recognise unions. Average fares inside final three months were in line with forecasts, ...

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Airlines, tech companies along with big data

“Technology can be moving at a faster pace than we can use the item,” Bahrain’s Transport along with Telecommunications Minister Kamal bin Ahmed Mohammed said at the summit. “Airline operators will be forced to invest in technology.” In that will spirit, Boeing has assembled 800 analytics experts to create a fresh division focused on using data for customer solutions. Called ...

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Airport cost a risk for airlines: International Air Transport Association

Fabrice Coffrini | AFP | Getty Images IATA CEO Alexandre De Juniac on December 8, 2014. The growing cost of airport infrastructure poses risks to the airline industry’s profitability and also also also growth, the head of the International Air Transport Association said, adding there was an infrastructure crisis almost everywhere inside earth. “We see the costs rising to where ...

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Our personal shoppers will deliver to ‘your kitchen table’

Shopping will be going to get even easier in 2018, said Target Chairman along with also CEO Brian Cornell. “right now with Shipt, if you order, in a couple of hours, I’ll put which right on your kitchen table,” Cornell told CNBC during the “Fast Money Halftime Report.” CNBC was in Minneapolis, home to Target headquarters, for Sunday’s Super Bowl. ...

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