REI Co-op Appoints Chief Marketing Officer

The specialty retailer said Abigail Jacobs brings an impressive background leading marketing for major consumer retailers including Sephora, Williams-Sonoma, West Elm and the Pottery Barn brands.

Capri Holdings and Tapestry Terminate Merger Agreement

The companies mutually agreed that terminating the merger agreement was in the best interests of both companies as the required closing condition of receiving necessary U.S. regulatory approvals was unlikely to be met by the merger agreement’s outside date of February 10, 2025.

S&P: Holiday 2024 Sales Growth Will Fall Short of 2023

S&P Global Ratings is forecasting that holiday sales growth will slow to about 3 percent in 2024 from 4.7 percent last year, remaining below the 10-year average of 5.3 percent. The firm said its outlook is influenced by waning, but persistent, inflation that has pressured household budgets.