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During the election, Trump promised lower interest rates — a major consumer concern that some pundits believe influenced the outcome Tuesday — though Saunders noted that rate-setting is not within a U.S. president’s purview.
Weinberg said domestic DTC sales improved 3.7% on top of last year’s 14% increase due chiefly to strong e-commerce growth as more consumers chose to shop online.
Over his 32 years with the company, he built a proven track record of leading our global team, brands and businesses with significant expertise in delivering growth by bringing product and storytelling with impact into an integrated marketplace,” said Matthew Friend, EVP and chief financial officer, after thanking Donahoe for his contributions in the role.