August 8, 2022

These are the tales making headlines in trend on Tuesday.

Hole CEO Sonia Syngal steps down
As Hole faces provide chain challenges and sharp declines in gross sales, its CEO is stepping down. Syngal joined the retailer in 2004 and served as chief govt officer since March 2020. Within the three-month interval earlier than April 30, the corporate suffered a internet lack of $162 million compared to the identical interval final yr, the place it made a revenue of $166 million. Syngal will keep in her place throughout a short transition interval, and Bob Martin, the corporate’s present govt chairman of the board, will function interim president and CEO, mentioned Hole in a press release. {CNBC}

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