lululemon athletica Inc. CEO Laurent Potdevin Steps Down

| MCM staff

lululemon athletica inc. announced that Laurent Potdevin has resigned as CEO and as a member of the company’s Board of Directors, effective immediately. See what other corporate changes are being made within the company with Potdevin’s departure.

Holiday Retail Sales Grew 4.9% from 2016

| Mike O'Brien

Holiday retail sales increased 4.9% between Nov. 1 and Dec. 24, setting a new record for dollars spent, according to data from MasterCard SpendingPulse, the largest boost since 2011 and an indication of consumer confidence as the economy grows.

Holiday Season Ecommerce Sales to Date Hit $65 Billion

| Daniela Forte

Holiday season ecommerce sales have been very strong to date, generating $65.15 billion, according to Adobe Analytics, an increase of 14.7% over 2016, with each day from Nov. 1 to Dec. surpassing the $1 billion mark. Here are some other results Adobe found through its holiday season analysis.

West Elm and Leesa Announce Partnership

| Dina Binney

West Elm announces its partnership with Leesa mattresses. The Leesa brand will be in 80+ West Elm locations in the U.S. and online. See what initiatives the brand is putting in place with this new partnership.

Parents Lagging with Back-to-School Shopping

| MCM staff

The National Retail Federation reported that only 13 of parents have completed all their shopping while 23% had not started at all. See what other trends are expected this back-to-school season.

Macy’s Inc., Announces New President and Restructuring Plans

| MCM staff

Macy’s, Inc. announced several changes intended to improve the company’s performance, including the hiring of Hal Lawton as president, the creation of a single simplified merchandising organization and an enhanced focus on the company’s data analytics capabilities. See how these plans will shift Macy’s business.