British Steel: Three options for government

British Steel – the Scunthorpe steelworks with a brand name revived by using private traders Greybull – says it desires £75m of government help to avoid collapse. Business Secretary Greg Clark faces three choices in weighing up whether to intervene: hand over £75m of taxpayer’s money to a personal enterprise with a chequered song document […]

Read More

Walmart’s Chief Technology Officer Jeremy King is leaving the company

Walmart’s chief technology officer, Jeremy King, is leaving the company, according to a memo obtainedthrough CNBC. King’s position has been to revamp the company’s science presence as it appears to compete with e-commerce rivals, particularly Amazon. Of late, Walmart is billing itself as a technology company, and no longer just a retailer, but it has struggled to rebrand itself as greater customers are flocking to the web and cell to purchasegoods ranging from garb to medicines. “People all have their very own perceptions of Walmart,” King told CNBC, beforehand of a latest panel at the […]

Read More

‘Amazon is a threat’ but Ikea’s digital chief says she has a plan

Around the equal time as Barbara Martin Coppola joined Ikea Group as its Chief Digital Officer in April 2018, the organizationintroduced a transformation of its enterprise model. The world’s largestfixtures retailer used to befacing a problem: it hadn’t been keeping up with the digital world. Customers had been no longer definitely completely happy to drive to its out-of-town shops to purchase flat-pack furniture, and it was once at a pointthe place it used to be “less enterprise as standard than we have experienced in the past,” chief govt Jesper Brodin informed the FT in […]

Read More

Bed Bath & Beyond lays off nearly 150 of its 65,000 employees

Bed Bath & Beyond laid off almost one hundred fifty of its 65,000 employees this week, as greater shoppers shift their spending online, a personacquainted with the situationtold CNBC. The retailer, which has had seven consecutive quarters of declining same-store sales, has slowed down the pace of newersave openings and said it is evaluating existing leases. Meantime, it is investing in its on line capabilitiesto help fend off superior e-commerce opponents like Amazon. “We have beenable to reassign many of these impacted by this realignment to otheron handsave and corporate roles, however sooner or later we […]

Read More