About: vladimirsumina
Posts by vladimirsumina:
Target Will Spend $50 Million More on Staffing for Busy December
Posted on: 23 Oct 2019
Usually, over the course of the holidays, shoppers flock to stores such as Target en masse to buy massive amounts of items on heavy discounts for Black Friday, and then do the same thing, only online, for Cyber Monday. This is all topped off with a hectic last-minute rush to finish all the leftover shopping. However, this year there will be six fewer days between Thanksgiving and Christmas, and Target thinks that the shoppers won’t have enough time for a pause from shopping in December. Target CEO Brian Cornell said:…
Under Armour CEO Steps Down
Posted on: 22 Oct 2019
Kevin Plank, the founder and long-serving CEO of Under Armour, will be resigning as CEO, effective January 1st, 2020. The new CEO will be Patrik Frisk, who was the company’s, Chief Operating Officer. Even though he will no longer be the CEO, Plank will still be working closely with the company he founded, as executive chairman and brand manager. Plank said in a statement: “Patrik is the right person to serve as Under Armour’s next CEO. As my partner during the most transformative chapter in our history, he has been…
CEO of Under Armor Talks about Deal with Virgin Galactic
Posted on: 22 Oct 2019
Kevin Plank, the CEO of Under Armor, talked about how the company’s latest deal with Virgin Galactic to manufacture spacesuits for astronauts, will set the business apart – in the minds of consumers as well as on Wall Street – from other athletic and sports apparel brands such as Adidas, Nike, and Lululemon. “It’s a bit of a coming-out party for what we’ve been talking about for three years, that people have a hard time getting their arms around where Under Armor truly wants to be,” Plank said. The human…
Mark Hurd, co-CEO of Oracle, Dies
Posted on: 22 Oct 2019
Mark Hurd, former head of Hewlett-Packard and co-CEO of Oracle, died this Friday, age 62. Oracle Chairman Larry Ellison informed employees of Mark Hurd’s death in a company-wide email: “It is with a profound sense of sadness and loss that I tell everyone here at Oracle that Mark Hurd passed away early this morning. Mark was my close and irreplaceable friend and trusted colleague. Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle. All of us…
Target Next CFO Will Be Michael Fiddelke
Posted on: 16 Oct 2019
Target Corporation, which is one of the top ten biggest retailers in the United States, recently announced that it will be naming Michael Fiddelke as its next chief financial officer and executive vice president. They also indicated that Mark Tritton, their Chief Merchandising Officer, will resign in order to take up the position of CEO at Bed, Bath & Beyond, a company that has been struggling for quite some time. Fiddelke will be taking over Cathy Smith, who, earlier this year, announced her intention to step down from her position.…
