The CFO of Bed Bath & Beyond has died after a fall from his NYC apartment on Friday. The executive, Gustavo Arnal, was 52 - he joined the company in 2020 after working as the CFO for beauty retailer Avon and spent 20 years with Procter & Gamble.
After 11 years in the role, Julie Wainwright is departing as CEO, Director and Chairperson of The RealReal. This is an unexpected move from the online resale platform, with Wainwright making the announcement on the US Stock Exchange, stating that the 'decision to resign was not due to any disagreements with the Company'.
Rent the Runway has filed for an IPO, despite its valuation dipping as a result of the pandemic. The online rental service has hopes that as the US continues to lift restrictions, parties and weddings will resume at a more regular rate.
Disney to shut its stores in favour of online and Saks is dividing its omnichannel platform. Welcome to Power Retail Sparks, a roundup of the global e-commerce news that happened this week. We will update the news stories as they happen. Stay tuned.
Power Retail’s highly anticipated All Star Bash 2024 and the accompanying exclusive Outlook lunch event are just weeks away, and to further add to the excitement, Power Retail is thrilled to announce a partnership with Team Global Express.
Adam Shalagin delves into the new and imperfect ecosystem that is Streaming Media, whose video content is arguably the most powerful medium available for advertisers and brands to reach potential customers.