Image: Michael Kors

1. Michael Kors-parent Capri Holdings ditches CEO succession plan: Just months after he took on the role, Joshua Schulman will step down as CEO of the Michael Kors brand. He was slated to become CEO of Capri later this year. – Read More on CNBC

2. Adidas announces new China chief as it looks to revive sales: In Q3, Adidas saw Greater China sales fall 15%, and the company has launched an action plan to try to revive its fortunes in the country. Its business in China has been hit by pandemic restrictions and was targeted during a boycott of Western brands by Chinese consumers. – Read More on Reuters

3. How to Scale AI in Your Organization:  AI is embedding itself into the products and processes of virtually every industry. Businesses can help ensure success of their AI efforts by scaling teams, processes, and tools in an integrated, cohesive manner. – Read More on HBR

4. Amazon acquires Veeqo, a start-up that helps sellers manage their online businesses: Amazon is estimated to claim about 40% of the nation’s e-commerce sales, but has long been interested in claiming a share of sales on other digital platforms like eBay, Etsy, Shopify and Walmart. – Read More on CNBC

5. Here’s how retailers are tackling the delivery challenges that come with skyrocketing e-commerce sales post-COVID: COVID-19 has accelerated e-commerce adoption over the past two years. Online sales increased 50.5% since 2019 with shoppers spending $870 billion with U.S. merchants in 2021. – Read More on MarketWatch