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Tag: CEO

Walmart CEO writes to PM, seeks stable business environment, Retail News, ET Retail

NEW DELHI | BENGALURU: Walmart chief executive Doug McMillon has written to Prime Minister Narendra Modi, seeking certainty and predictability in India’s business environment, people familiar with the matter said. Changes in foreign direct investment rules for ecommerce marketplaces late last year had upset Walmart-owned Flipkart and rival Amazon, and forced them to overhaul their …

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Under Armour CEO Kevin Plank steps down as CEO: How he got here

Kevin Plank, founder and CEO of Under Armour sportswear, in his office in Baltimore, Maryland on October 1, 2009. Bill O’Leary | The Washington Post | Getty Images Kevin Plank built Under Armour from scratch in his grandmother’s basement in Washington, D.C. In its first full year in business, in 1996, Under Armour did $17,000 …

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Going public is ‘certainly our objective as a company’

If StockX has plans to hold an IPO, it now has a person at the helm with experience in pubic markets. StockX, the Detroit-based e-commerce marketplace that started out as an exchange for limited-edition sneakers, in June brought on eBay alum Scott Cutler to lead the privately held company as CEO. In the same month, …

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Under Armour CEO Kevin Plank explains the brand’s Virgin Galactic deal

NEW YORK — Under Armour CEO Kevin Plank says the company’s latest tie-up with Virgin Galactic to make spacesuits for astronauts should set the business apart — in consumers’ minds and on Wall Street — from other athletic apparel brands such as Nike, Adidas and Lululemon. “It’s a bit of a coming-out party for what …

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CEO, Retail News, ET Retail

Madhav Chanchani | TNN Bengaluru: India’s most valued startup at over $10 billion, Paytm, has begun talking of improving margins as loss-making private internet companies across the world come under pressure after office-sharing startup WeWork’s failed public offering. Paytm CEO Vijay Shekhar Sharma told TOI in an interview that the company will bring down its …

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Bed Bath & Beyond names Target’s chief merchant as CEO

Bed Bath & Beyond has ended its search for a new chief executive officer, appointing a 30-year, well-respected retail veteran to the position. The struggling home goods retailer named Mark J. Tritton as president and CEO and as a member of its board, effective November 4, 2019. He succeeds interim CEO Mary A. Winston. Tritton …

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