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1. Nike CEO Mark Parker resigns
Nike’s longtime chief executive Mark Parker is stepping down early next year, as the sportswear giant pivots towards digital and direct-to-consumer strategies.
Parker will be replaced by board member John Donahoe, who is also a former PayPal executive and a former chief executive of eBay.
2. Ebay will donate $1 whenever a retailer overuses a Christmas buzzword
Ebay has pledged to donate a dollar every time a retailer overuses #HolidayJargon as it seeks to fight premature and “over the top” Christmas promotions.
Any time you see a brand using a holiday-related word on Twitter, reply with #holidayjargon. @eBay4CharityUS will make a $1 donation for each tag, helping raise up to $50K for @SCOREMentors. https://t.co/Gv8qB4MHO3 pic.twitter.com/ZNiwMKf7ez
— eBay Newsroom (@eBayNewsroom) October 23, 2019
Its “Holiday Jargon Jar” initiative will see the online marketplace donate $1 (up to $50,000) every time one of 2000 major brands uses one of the top 100 holiday buzzwords like “merry”, “mistletoe” or “tis” and “twas”.
3. UK retailers’ store profit margins have halved in the last 8 years
Store-based profit margins have more than halved over the past 8 years, according to new research.
Soaring operating costs, inflexible legacy lease structures and changing shopping habits have contributed to the fall
4. A RoyalMail strike on Black Friday would leave millions of items undelivered
A Royal Mail strike on Black Friday would cause millions of packages to be undelivered representing a “major threat to UK retail”.
Strike action is due to take place on unspecified dates across the Christmas period, after the Communications Workers Union voted by an overwhelming majority to take action, threatening the first national postal strike in a decade.
According to BearingPoint’s partner Stuart Higgins, this is likely to have a “huge impact on the British Public”.
5. Costcutter bags delivery deal with Uber Eats
Costcutter has struck a deal with delivery service Uber Eats in a bid to ease the shopping service for its customers.
The partnership means over 1700 Costcutter stores will be able to sell everyday items via the Uber Eats app, The Telegraph reported.
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