Remove 11
article thumbnail

Second strike: Fitbit fined again for misrepresentation

Inside Retail

Fitness tracker Fitbit is facing an $11 million penalty in Australia after admitting it committed deceptive representations about consumers’ rights to a refund or replacement if the device sold was found faulty.

Consumer 262
article thumbnail

GameStop Poaches Belk CEO for COO Position

Retail TouchPoints

Patel was promoted to CEO in July 2021 as part of the retailer’s turnaround efforts following its emergence from Chapter 11 bankruptcy in an expedited “ one-day reorganization.” billion in Q4 2020. Patel left Belk on May 16, and Belk President and COO Don Hendricks was appointed to the Interim CEO position in his place.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Belk Promotes Insider to CEO as Part of Ongoing Turnaround Effort

Retail TouchPoints

Patel has been with Belk since 2016, joining as EVP, GMM, Men’s and Ecommerce. Patel added the President title in 2020 as he assumed additional responsibilities for marketing and ecommerce. Hendricks also has been with Belk since 2016 and has prior retail experience from leadership roles with Gymboree , Hot Topic and Torrid.

article thumbnail

Amazon Veteran will Return to Lead AWS when Jassy Moves into CEO Role

Retail TouchPoints

billion in annual operating profit in 2020, which GeekWire calculates as 63% of the company’s total operating profits for the year. ” Selipsky had worked in varying roles at Amazon Web Services for 11 years before leaving to lead the data analytics startup Tableau Software in 2016. The division brought in more than $13.5

Returns 259
article thumbnail

11 Things to Know About China’s eCommerce Market

Indigo 9 Digital

If you are curious about the eCommerce market in China then consider these 11 facts about its size, competition and trends. While online shopping definitely accelerated in 2020 [in China], saying physical retail is more or less obsolete is not true,” said Nishtha Mehta, a China-based corporate innovation coach. “In

article thumbnail

What does Apple’s Indian expansion plan mean for the mobile landscape?

Inside Retail

After formally filing a request for the retail store in 2016, the global tech giant wanted to open the facility in 2020 but postponed the plans due to Covid-19 disruption. However, this changed recently when CEO Tim Cook visited the country to inaugurate its stores amid grand fanfare. You can feel the vibrancy and dynamism.

Planning 130
article thumbnail

Inside the book industry’s supply chain ‘crisis’

Inside Retail

Between 2016 and 2021, the industry contracted by 6.1% , and it was expected to continue to fall. In 2020, 15.9% This is in sharp contrast to music sales: physical music sales in Australia in 2020 accounted for just 11% of sales revenue. There are some 1,900 bookstores in Australia that contribute about A$1.4