- Kohl’s appointed Arianne Parisi as its chief digital officer, effective July 28, amid a broad turnaround effort to restore profitability. Parisi will report to Michael Bender, who was appointed as interim CEO in May.
- Parisi joins the company after a 20-year career in retail, serving in digital or e-commerce leadership roles at JD Sports, Finish Line and Nordstrom. Most recently, she was EVP and global chief digital officer at JD Sports.
Kohl’s appoints digital chief amid turnaround plan | Retail Dive
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For the total company in 1Q 2018:
◦Total revenue increased 10% to $17.1 billion, on strong demand for UPS solutions.
◦Average yield increased by 4.3%, led by International and U.S. Deferred Air products.
◦UPS rewarded shareowners by increasing dividends per share by nearly 10% over the prior year, and distributing $840 million during the quarter.
◦To support investment strategies the company made capital expenditures of $1.5 billion.
◦The lower effective tax rate reflects a more competitive U.S. tax structure, some discrete tax items and includes the impact of share-based compensation. Click Read More below for additional information.
Walgreens announced this week that it has joined a groundbreaking consortium that aims to reinvent the single-use plastic retail bag. Teaming up with other major retailers and with non-profit organizations in the Consortium to Reinvent the Retail Bag, Walgreens is committed to being part of the solution to the waste and recycling issues associated with the use of more than 100 billion retail plastic bags every year in the U.S. The goal of the Beyond the Bag initiative is to identify, test and implement viable design solutions and models that more sustainably serve the purpose of the current retail bag. Current alternatives to the plastic retail bag have yet to garner industry-wide support or widespread use by the public and many still have significant environmental impacts.
The debate over content scraping took a new turn on Friday when TollBit, a content licensing startup, alleged that artificial intelligence companies are bypassing a web standard used by publishers to block scraping, Reuters reports. The web standard is Robots Exclusion Protocol, or robots.txt, which was created in the 1990s to prevent websites from being overwhelmed with web crawlers, according to Reuters. A Wired probe alleges that AI search startup Perplexity has likely bypassed efforts to block its web crawler via robots.txt, Reuters continues. And TollBit says its analytics show that numerous AI agents are bypassing the robots.txt protocol.