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In the Department of If You Can’t Beat 'Em, Join 'Em: Starting in July, brick-and-mortar retailer Kohl’s will begin partnering with Amazon to accept returns for the Web giga-retailer in hopes of driving up foot traffic. Will unofficial corporate partnerships be the new norm?
But not all legacy brands are adapting to the new world order: Ford has announced that it will cut 7,000 jobs by August. Can the automaker adapt to market trends as demand declines across the U.S.?
Mutual fund giant Vanguard is now using blockchain to manage its index database of more than $1.3 trillion in funds. Numerous financial institutions such as JPMorgan and Nasdaq have launched blockchain initiatives, but Vanguard’s move – in partnership with fintech startup Symbiont – is a milestone.
Snap has brought on Oona King, former director of diversity strategy at Google, as its first diversity and inclusion executive. King has her work cut out for her: Snap is one of the few big tech companies not to have released diversity numbers, and the firm recently settled with several women who had made allegations of gender discrimination.
Meredith Corporation has sold the iconic Sports Illustrated for $110 million to Jamie Salter, who has amassed a fortune representing the estates of dead celebrities from Marilyn Monroe to Muhammad Ali and says the stage is set for “the brand to become a leader in lifestyle and entertainment.”
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