Sandwich chain Subway announced on Tuesday that CEO John Chidsey will retire at the end of the year. “It has been a privilege to lead Subway through a period of exciting change, and I am so proud of what the team has achieved together,” he said in a statement. Chidsey has served as chief executive
Kohl's on Tuesday forecast a bigger drop in annual sales than previously expected, a sign the department-store chain is struggling to draw in shoppers. Read More
Abercrombie & Fitch is expecting a strong holiday shopping season, and the arrest of its former CEO Mike Jeffries for sex trafficking did not seem to hit sales. Read More
Best Buy is waiting for a wave of shoppers to replace old devices and upgrade to new, higher-tech ones after an approximately two-year sales slump. Read More
Dick's Sporting Goods posted cautious guidance earlier this year as it braced for the 2024 election, but it now expects sales to be better than expected. Read More
Macy’s Inc. says it will no longer release its full third-quarter earnings report this week as planned, after discovering an employee “intentionally” hid up to $154 million in expenses. The retailer had been slated to release its report on Tuesday morning, but instead posted preliminary findings on Monday that showed it missed Wall Street expectations.
AI is changing industries and economies worldwide. Workforce development is central to ensuring the changes benefit all of us, as Louis Stewart, head of strategic initiatives for NVIDIA’s global developer ecosystem, explains in the latest AI Podcast. “AI is fueling a lot of change in all ecosystems right now,” Stewart said. “It’s disrupting how we
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