The merchant announced yet another round of store closings, which will leave it with about 1,500 Sears and Kmart locations once those units go dark in June, confirmed a company spokesperson. That stands in stark contrast to its heft a decade ago, when Sears Holdings boasted approximately 3,400 stores. Read more.
Benchmark Capital, which owns 13% of the ride-sharing firm, has accused Mr Kalanick of fraudulently attempting to fill board seats with loyal allies. Read more.
Approval of 21st Century Fox’s proposed takeover of Sky is likely to come in the first half of 2018, the company said on Wednesday, in a sign it is gearing up for wider review of the merger.
3 Strategies for Marketing Innovation from Marketing Executives at P&G and Coca-Cola Turned VC https://buff.ly/2uvDkLb
The leaders at Coke saw this phenomenon as a crisis that threatened to make their product appear unsafe and derail their carefully constructed brand image. But Tim Kopp, the brand marketer in charge of handling the company’s response, saw it as an opportunity.
Staples has reportedly been in talks to have its retail business spun off to rival Office Depot. Read more.