Management

Estée Lauder has decided to terminate a potential merger with Spanish beauty group Puig, reports CNBC. The American beauty giant, which owns the Clinique and Tom Ford Beauty brands, said in March that it was in discussions with Puig, the owner of Charlotte Tilbury and Jean Paul Gaultier, to combine the companies. However, Estée Lauder…

A group of activist investors is urging Target shareholders to vote against the re-election of Executive Chair Brian Cornell and Lead Independent Director Christine Leahy at the retailer’s annual shareholder meeting in June, reports Yahoo Finance. Among the reasons cited is Leahy’s oversight of the decision to retain former CEO Cornell as executive chair and…

Online fast-fashion retailer Shein is said to be acquiring Everlane, the apparel brand known for its sustainability ethos, in a deal valuing the company at $100 million, according to a report by Puck News. While the transaction has not been confirmed by either party yet, Puck reported that majority owner L Catterton’s board of directors approved the sale this past…

Walmart has eliminated 1,000 roles as the world’s largest retailer simplifies its operating structure, a ⁠source familiar with the matter told Reuters. Under new CEO John Furner ​and a ​reshaped leadership team, the ​retailer is doubling down on a tech-focused strategy as it woos higher-income shoppers and builds its marketplace and delivery businesses. Walmart has…

Access to capital has always been one of the biggest constraints for e-commerce businesses. What’s changed in recent years is not just the availability of funding, but how that capital is structured and how closely it aligns with the realities of running a modern online business. Today’s e-commerce merchants don’t just need funding, they need…

eBay on Tuesday rejected GameStop’s $56 billion takeover proposal, calling the unsolicited bid “neither credible nor attractive,” reports CNBC. GameStop CEO Ryan Cohen last week unveiled an audacious bid for eBay, offering to acquire the online marketplace for $125 per share in a cash-and-stock deal. eBay is much larger than the video game retailer, with…

Nike was sued on Friday by consumers who accused the athletic apparel and footwear maker of ​not refunding tariff-related costs it passed on in the ‌form of higher prices. In a proposed class action, consumers said Nike should not be allowed to keep "significant" refunds it can expect after ​the U.S. Supreme Court in February struck…

E-commerce is moving at a breakneck pace. To keep up, retailers are plugging in artificial intelligence tools and third-party platforms faster than ever. When you use an AI tool to manage your data or a platform to handle your sales, you aren't just buying a service, you're entering a partnership where the risks are shared…

Companies that use customer data to adjust the prices shoppers see, whether online or in-store, should know that regulators are paying attention and the legal landscape is changing fast. "Surveillance pricing" — the practice of using consumers' personal data to set targeted, individualized prices for a product or service — introduces legal risks for both…

GameStop announced Sunday that it has made an unsolicited, nonbinding offer to acquire eBay for $125 per share in a cash-and-stock deal, valuing the e-commerce platform at roughly $55.5 billion, reports CNBC. The offer, split evenly between cash and GameStop common stock, represents a 20 percent premium to eBay’s Friday close of $104.07, and a…