Rundown: H&M CEO out, TikTok expands Shop & Amazon's ads business grows
Every week on the Modern Retail Rundown, we cover the latest headlines from the retail world. First is a look at the sudden departure of H&M’s chief executive officer, who cited the demanding nature of the job. Next, TikTok is reportedly testing a video feature that shows users similar products sold in TikTok Shop -- hinting at an increased focus on growing e-commerce. Finally, why Amazon’s advertising business continued to grow during the fourth quarter -- surging 27% year-over-year, to $14.7 billion. Get more from Modern Retail with the daily newsletter, sent out each weekday morning. Visit modernretail.co/newsletters to sign up.