Franchise News
Michael Kors Expects Lower Profits For Current Quarter As Same-Store Sales Drop
New York City-based luxury accessories retailer Michael Kors has announced that it expects lower profits for the current financial quarter than originally expected, given a recent drop in same-store sales across North America.
Latest News
Gap Removes Creative Director Role In E-Commerce And Marketing Restructuring
Gap Inc. has removed its chief marketing officer positions for the Gap and Banana Republic brands, Bidness ETC reports.
AOL Plans To Fire 150 Workers And Combine Two Websites
AOL Inc. is planning to fire about 150 workers and combine two of its websites into the tech homepage Engadget, a source close to the company disclosed to Bloomberg News.
Time Warner Cable Loses 38,000 Residential Video Customers In Fourth Quarter
Time Warner Cable lost 38,000 residential video customers in the fourth quarter of financial year 2014, Reuters reports, reporting low revenue rates in an increasingly competitive media market.
Shell Announces Plans To Make ‘Enormous’ Spending Cuts
Royal Dutch Shell has announced that it plans on slashing spending by scaling back its planned capital investment by $15 billion over the next three years, CNN reports.
Facebook Executives Announce E-Commerce Market And Mobile Strategies Prospects
Facebook executives recently revealed plans to boost the company's e-commerce market and mobile strategies partnerships, with an emphasis on increasing value for businesses on both regional and global levels.
McDonald’s President And CEO Don Thompson Steps Down Amid Financial Woes
McDonald's announced on Wednesday that Don Thompson will step down as president and chief executive officer of the company and will be replaced by Steve Easterbrook, the franchise's current chief brand officer.
IBM Dispels Rumors Of Mass Layoffs Affecting 26 Percent Of Workforce
IBM dispelled rumors on Monday mentioning that the technology company is preparing for a mass layoff affecting 26 percent of its workforce.
Uber Announces Increased Fares And Wait Times In New York City Throughout Snowstorm
Uber has announced that commuters should expect increased fares and wait times in New York City as the ongoing winter snowstorm persists along the East Coast of the United States.
Online Storage Company Box Inc. Begins Trading On New York Stock Exchange
The online file sharing star-up company Box begins trading on the New York Stock Exchange on Friday, with shares priced at $14.
Most Read
