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Expert on Market Conditions Leading Up to GM Announcement to Close Plants, Lay Off 14,000 People

General Motors on November 26 announced plans to close five manufacturing sites and consolidate production in North America and eliminate an estimated 14,000 white collar and blue-collar jobs. Rodney Parker, associate professor of operations management at Indiana University’s Kelley School of Business, said the announcement reflects several new realities for GM. “First, it reflects the...

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A World Without Brick-And-Mortar Stores? Even Avid Online Shoppers Say, ‘No, Thanks’

It has been dubbed the “retail apocalypse” – the widespread shuttering of brick-and-mortar stores across America in the wake of online shopping’s skyrocketing popularity. But how do consumers feel about this changing retail landscape? University of Arizona researcher Sabrina Helm decided to find out in a new study published in the Journal of Retailing and Consumer...

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Move Over CEOs: Designers Have Arrived in Corporate Boardrooms

Design is heading to a corporate boardroom near you. Its form is not a chair, handbag or technology. It is human. This new type of designer is equally comfortable in a navy suit or black turtleneck. Fuelled by top-selling business books and management consultant reports, this latest design movement is all about customer-tailored companies thriving...

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High Stakes Decision-Making Causes a Little More Cheating, a Lot Less Charity

The age old adage of virtue being its own reward may not hold true in the corporate world – in fact, honorable acts could lead workers to behave more selfishly later on, new research has shown. A new study has revealed the true extent to which a phenomenon called “moral licensing” can transform how employees...

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Corra Launches Avant: The Only Fashion-Focused SAP Accelerator

Corra is launching Avant, the only SAP Commerce Cloud-qualified accelerator designed to meet the needs of fashion brands. This refined solution reduces both cost and time-to-market of a typical SAP Commerce Cloud implementation by up to 40%, allowing fashion retailers to bypass the need for costly customizations and to invest more budget in strategic business initiatives....

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$280.6 Billion Opportunity for the Global Footwear Market by 2023

The global footwear market is expected to expand at an overall annual compound growth rate (CAGR) of 3.44% from 2018 to 2023, leading to a global revenue of USD 280.61 billion by 2023, according to a new report from ResearchAndMarkets.com. Based on the various products available, the global footwear market has been classified into athletic and...

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Michael Kors Expanding Global Fashion Luxury Group with Acquisition of Versace

Michael Kors Holdings Limited (NYSE:KORS) announced today that a definitive agreement has been signed to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace S.p.A. for a total enterprise value of Euro 1.83 billion or approximately US$2.12 billion. Versace, long recognized as one of the world’s leading luxury fashion companies, is synonymous...

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In Surveys, People Say They’ll Pay Twice What They’re Actually Willing to Spend

Perhaps people like to think of themselves as big spenders. Or maybe they just aren’t very honest. But when researchers compared what study participants reported they were willing to spend on goods with what they actually shelled out in experiments designed to mimic a real-world shopping experience, there was a big gap. “People said they’d spend...