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Do Cold Temperatures Result in Heat-Of-The-Moment Purchases?

In 2005, the New York Times reported that high end retailer Bergdorf Goodman kept its stores chilled to 68.3 degrees, whereas Old Navy’s was kept at a balmy 80.3. Meanwhile, the swanky IFC mall in Hong Kong is kept at a frigid 59 degrees Fahrenheit. There may be a reason why luxury retailers keep their...

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R-E-S-P-E-C-T? LGBT Views on Police Legitimacy and Authority

Lesbian, gay, bisexual, and transgender (LGBT) individuals have a long history of discrimination in the United States. Studies show that they continue to be discriminated in employment, housing, and places of public accommodation, among others. Due to lack of comprehensive state and federal laws, it continues to be legal to fire gay, lesbian, and bisexual...

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Why You Should Be Concerned About Oprah Winfrey When Introducing an Innovation

Academic literature recognizes innovation as one of the main drivers of a company’s stock value, but experience says that it’s not always the case and that, when it is, the magnitude of the effect can vary wildly. New research by Bocconi University and Texas A&M scholars proposes a finer-grained view asserting that: The reaction of large...

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Consumerism in Crisis as Millennials Stay Away from Shops

Christmas may seem like a distant memory, but retailers won’t forget it in a hurry: it was the worst on the UK high street since 2008. Marks & Spencer and Debenhams saw sales fall, while the likes of specialist retailer Halfords and discounter B&M also struggled. Even that most Christmassy of stores, John Lewis, is...

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New Research Reveals the Enduring Benefits of Hiring a Star

Much has been written about the benefits of collaboration and sharing of ideas and knowledge during the innovation process. Less is known about the intricate skills required to integrate, or synthesise, various raw materials in a way that will maximise creativity, and create innovations that help organisations out-perform their competitors. A new paper entitled, Where...

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Stock Options Worth More for Women, Senior Managers, Study Finds

A novel new way of determining the value of employee stock options has yielded some surprising insights: Options granted to woman and senior managers are worth more because they hold them longer. And options that vest annually rather than monthly are worth more for the same reason. The new valuation method, which combines standard option...

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Work-Family Conflict Hits Home

Researchers have long known that sick children can affect a company’s bottom line, as employees are distracted or have to take time off to care for their children. Far less is known about the impact a parent’s work life has on their children’s health. In a paper published in the Journal of Occupational Health Psychology, researchers report that...

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Board Independence Protects Firms from Corporate Misconduct

The more a company’s board is independent from management, the less likely it will become entangled in corporate misconduct, according to new findings, from a meta-analysis of 135 studies, published in The Journal of Management. The site of independence also matters. Independence on the audit committee particularly shelters firms from misconduct, researchers found. At the same...

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Capri Holdings Limited Completes Acquisition of Versace

Capri Holdings has changed its name from Michael Kors Holdings Limited (NYSE: KORS), and beginning on January 2, 2019, its New York Stock Exchange ticker symbol will be CPRI. The company has also completed its acquisition of Versace. John D. Idol, Chairman and Chief Executive Officer of Capri Holdings said, “With the acquisition of Versace,...