This holiday shopping season saw a big surge in consumers shopping on mobile. HP's General Manager and Vice President of Americas Channel Stephanie Dismore breaks down the key trends in retail. Over the Thanksgiving holiday weekend, sales hit record highs of $14 billon, according to Adobe Analytics. Cyber Monday saw a record $6.59 billion in sales, up 17 percent from last year. Dismore says consumer spending on mobile is driving this growth. On Cyber Monday, there was more than $2 billion worth of sales transacted through mobile devices, according to Adobe Analytics. Dismore says she expects to see strong reports on PCs and printers this holiday season. The key to the future of retail is combining the online and offline experience, says Dismore.

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Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
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