- FinanceFox Business•5 hours ago
Macy's hires new president; 100 jobs to be cut in restructuring efforts
The iconic department store chain Macy’s (NYSE:M) named a new president and will reorganize its merchandising structure—cutting about 100 jobs—in an effort to reinvigorate the struggling retailer’s brand, the company announced Wednesday. Hal Lawton, a senior vice president at eBay (NASDAQ:EBAY) North America, will join Macy’s and take over the leadership role on Sept. 8. In the new position, he will be in charge of merchandising, marketing, stores, operations, technology and consumer insights and analytics.
- FinanceFox Business•12 hours ago
Walmart brings Uber grocery deliveries to 2 more markets
Walmart (NYSE:WMT) is bringing Uber grocery deliveries to the Dallas and Orlando areas, expanding a partnership with the ride-hailing service.The world's largest retailer teamed up with Uber to run a pilot program in Phoenix last year. They began delivering
FinanceReuters•12 hours agoMcDonald's to shut 169 outlets in India amid dispute with local partner
Fast food chain McDonald's said on Monday it planned to shut all 169 of its restaurants in India's northern and eastern regions, escalating a dispute with its local partner and potentially putting thousands of workers out of jobs. The U.S. company said it was "compelled" to take the action because its partner Connaught Plaza Restaurants Pvt Ltd (CPRL) had breached the terms of their franchise agreements. Vikram Bakshi, managing director of CPRL, told Reuters the decision came as a "big shock" and the company was studying all its legal options.
