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American Apparel has strengthened its management team with two new hires; appointing Thoryn Stephens to the newly created role of chief digital officer while Cynthia Erland has been named as senior vice president of marketing.Thoryn Stephens will be responsible for optimizing American Apparel’s digital marketing, e-commerce strategies and data analytics....

The British luxury watch company Bremont has announced that it is to open its first US store in New York which is due to open in spring 2015.The new store will be situated at 501 Madison Avenue, which is the heart of New York’s luxury brands.Co-founder of Bremont, Nick English...

Marc Schneider has been appointed the new chief executive of fashion brand Kenneth Cole. He will administer the company’s outlet, e-commerce, retail, licensing, international and wholesale businesses. Mr Schneider will report to Mr Cole who remains the executive chairman and chief creative officer.Previously, Mr Schneider has been group president at...

Primark has announced that compared to the same time last year it anticipates first half sales to be 16% in front due to an 11% rise in retail selling space.With an increased selling space of 0.5 million square feet since 28 February 2014, Primark now trade from 10.7 million square...

It has been reported that luxury jewellery brand Prada has seen a fall by 1% in European sales.The fall is reported as there has been a decrease in tourist spending and a lack of demand.However, the luxury brand in the American market has seen a rise of 8% and sales...

Starbucks coffee has announced plans to serve beer and wine in the evenings as part of the Evenings Programme, which is currently very popular in the US.The newly renovated Stansted Airport store will be the first UK location to offer the brand’s Starbucks Evenings Programme which will also see a...

Allan Leighton has been appointed as The Co-operative Group‘s new chairman, the group's first independent non-executive chair, under its new management structure.He is presently chief executive of high street jewellery retailer Pandora, but will step down on 1 March. He has also served as Asda's chief executive from 1996 to...

Walmart, the world’s largest private employer, has announced that it is to raise wages to at least $9 per hour, $1.75 above the US minimum wage, for more than 500,000 employees who work in US stores.Under pressure from labour groups, chief executive Doug McMillion at Walmart commented in a blog...

It has been reported that like-for-like sales at Asda fell 2.6% at the end of 2014 as German discounters Lidl and Aldi continued to put pressure on the UK’s larger supermarkets.Andy Clarke, chief executive at Asda, commented: “The market remains in one of its most challenging and changeable periods in...

The chief executive of Sony, Kazuo Hirai, has announced that its video and audio businesses will be placed into a separate company for three years as it plans to return to profit. The firm is looking to achieve an operating profit of 500 billion yen (£2.17 billion) by March 2018 and...