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Louis Vuitton CEO resigns over significant health issue

BY Staff Writer

New York — Luxury group LVMH announced Tuesday that Louis Vuitton’s new CEO has resigned suddenly, citing a “significant health issue” as the reason for the departure.

Jordi Constans would be replaced by Michael Burke, CEO since February of Bulgari, the Italian jeweler that LVMH added to its stable of brands in 2011.

Burke served as CEO of Christian Dior USA from 1986 to 1993, when he took charge of Louis Vuitton North America, becoming deputy CEO of Christian Dior Couture worldwide in Paris in 1997.

Following the acquisition of Fendi by LVMH in 2003, he was appointed CEO.

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D.Brisbane says:
Feb-27-2013 08:58 pm

There are a lot of reasons why he would resign from his job as a CEO, he may have a gambling addiction or had been caught stealing money and the board of directors found out. Michael Burke now has the opportunity to affirm himself, being the CEO of Louis Vuitton is a dream for a lot of people.

D.Brisbane says:
Feb-27-2013 08:58 pm

There are a lot of reasons why he would resign from his job as a CEO, he may have a gambling addiction or had been caught stealing money and the board of directors found out. Michael Burke now has the opportunity to affirm himself, being the CEO of Louis Vuitton is a dream for a lot of people.

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Dick’s suspends sales of certain type of ‘modern sporting rifles’

BY Marianne Wilson

New York — Dick’s Sporting Goods said it has removed all guns from its store nearest to Newtown, Conn., and is suspending the sale of certain kinds of semi-automatic rifles from its chains nationwide.

In a statement, the retailer said the move was made out of respect for the victims and families of last week’s Sandy Hook Elementary School shooting.

"Out of respect for the victims and their families, during this time of national mourning we have removed all guns from sale and from display in our store nearest to Newtown and suspended the sale of modern sporting rifles in all of our stores chainwide,” the statement said.

It was now known how long the store will keep the suspension in place for the guns, known as “modern sporting rifles.”

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Staples opens Velocity Lab to boost online growth

BY Katherine Boccaccio

Framingham, Mass. — Staples Inc. opened its new Velocity Lab, in Cambridge, Mass. The lab houses teams responsible for designing and implementing innovative new e-commerce and mobile solutions across Staples’ global business units.

The move is part of the office supply retailer’s recently announced strategic plan to accelerate growth by integrating its retail and online offerings and increasing investment in online and mobile capabilities to provide business customers with a seamless multichannel shopping experience.

“Staples is investing to provide a superior multichannel shopping experience through the use of our websites, mobile assets and stores,” said Brian Tilzer, Staples senior VP global eCommerce. “The Staples Velocity Lab is vital to the development of our e-commerce assets, as it provides a space to allow our teams to think creatively, enhancing our mobile commerce, social media and online offerings.”

Staples said it is looking to triple the size of its e-commerce and IT staff by 2014 and is adding product management, usability and creative positions as it continues to invest in the multichannel customer experience across mobile devices, desktops and stores.

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S.Jhon says:
May-02-2013 01:05 pm

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S.Jhon says:
May-02-2013 01:05 pm

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P.Rogers says:
Mar-19-2013 05:03 am

Sounds like a good news. It will further strengthen the company's innovation and will offer more convenience to shoppers. - Scott Sohr

P.Rogers says:
Mar-19-2013 05:03 am

Sounds like a good news. It will further strengthen the company's innovation and will offer more convenience to shoppers. - Scott Sohr

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