FINANCE

IHL: Macy’s could reap $7.5 billion in benefits from AI
Macy’s Inc. stands to gain significantly from business improvements caused by artificial intelligence (AI).
Ulta Beauty CFO to retire, internal replacement named
A change is happening at the top of Ulta Beauty’s finance organization.

Frugal Festivities: Consumers Embrace Thrifty Holiday Shopping

As the holiday season approaches, shoppers are increasingly adopting budget-conscious shopping strategies.
E-commerce lessons from Cyber Week 2023

Another Cyber Week has come and gone; and left some interesting trends in its wake.
Victoria’s Secret swings to loss; sales trends improving

Victoria’s Secret & Co. reported a third-quarter loss amid increased marketing and technology investments and declining sales, but sounded an upbeat note about its early holiday sales performance.
Third-party Walmart sellers break sales records during holiday promotions

Walmart’s recent Black Friday and Cyber Monday sales events produced the best-selling days ever on Walmart Marketplace.
Consumer confidence bounces back

U.S. consumers turned less gloomy in November as the holiday shopping season officially kicked off.
7-Eleven International inks 750-store acquisition deal

7-Eleven International has expanded its global growth strategy via a billion-dollar acquisition.
Burlington exec joins Big Lots C-suite; adds new sourcing role

Big Lots is making two additions to its senior leadership team, including a new “extreme value” sourcing position.
Bed Bath & Beyond parent company names Marcus Lemonis as co-chair

Beyond, Inc. has announced a new co-chair to lead the company’s board of directors.

IHL: Macy’s could reap $7.5 billion in benefits from AI