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Disturbing data points cause for holiday sales concern
Interesting data points emerged this week that offer potential insight into Walmart’s holiday sales, as Kantar Retail and comScore released reports showing that when compared with the prior year Walmart was less of a destination for gifts and its Web traffic had declined.
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Men’s Wearhouse COO to replace founder as CEO
Houston -- Men's Wearhouse said its president and COO, Douglas Ewert, will replace company founder George Zimmer as CEO in mid-2011.
Zimmer, 62, who founded Men's Wearhouse in 1973, will remain executive chairman of the board. The company said he would help Ewert with "strategic direction" for Men's Wearhouse and keep a hand in marketing decisions.