Retail: Page 10
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Jason Carter Rinaldi via Getty Images
Farfetch deal with Coupang threatened by ad hoc investor group
The noteholders, who collectively hold more than half of the luxury e-commerce platform’s 2027 bonds, say they’re seeking options that would allow them to recover their funds.
By Lara Ewen • Updated Jan. 30, 2024 -
Daphne Howland/Fashion Dive
Levi’s to lay off as much as 15% of its workforce
Incoming CEO Michelle Gass will oversee the ongoing pivot to DTC as the denim brand continues to struggle with its growth plans.
By Daphne Howland • Jan. 29, 2024 -
Permission granted by True Religion
True Religion announces footwear license deal
Launching in the fall, the new collection in partnership with Orly Corporation will feature men’s, women’s and kids’ shoes.
By Lara Ewen • Jan. 24, 2024 -
Retrieved from Digital Brands Group on January 03, 2024
Digital Brands Group plots 50 stores
The company said its first location will open by March, and it plans to use it to offload excess inventory, particularly from its Sundry acquisition.
By Caroline Jansen • Jan. 23, 2024 -
Daphne Howland/Fashion Dive
Macy’s to cut 3.5% of its workforce, close 5 mall anchors
The moves come as Tony Spring prepares to take the reins from CEO Jeff Gennette, who said a year ago that store closures were mostly complete.
By Daphne Howland • Jan. 22, 2024 -
Courtesy of Stitch Fix
Stitch Fix ends full-time work for stylists, lays off some leads
The apparel box retailer has kept a tight grip on expenses, but its sales and customer base continue to shrink.
By Daphne Howland • Jan. 19, 2024 -
Cindy Ord via Getty Images
Nike was the top-traded sneaker brand of 2023: report
The annual StockX culture index also named running shoe brands Asics and New Balance and gave a nod to viral footwear company MSCHF.
By Lara Ewen • Jan. 19, 2024 -
Andrew H. Walker via Getty Images
Richemont bucks larger luxury slowdown with 4% sales boost for Q3
China helped boost numbers for the period, and jewelry and watches lifted retail, while the company reiterated plans to find a new buyer for Yoox Net-a-Porter.
By Lara Ewen • Jan. 18, 2024 -
Courtesy of Target
What it takes to build a private label
Hint: It's more than poaching from Target’s slam-dunk owned brands operation.
By Daphne Howland • Jan. 18, 2024 -
Courtesy of Lululemon
Lululemon taps new global creative director
Jonathan Cheung is taking on the role, while JJ Collier joins the athleticwear brand in the newly created position of vice president of design for outerwear.
By Cara Salpini • Jan. 17, 2024 -
Retrieved from Burberry on January 12, 2024
Burberry issues early profit warning
An overall luxury sector decline and weak December sales will produce lower-than-expected results and impact the company’s fiscal year.
By Lara Ewen • Jan. 12, 2024 -
Arturo Holmes via Getty Images
Deep Dive7 fashion industry trends to watch in 2024
The coming year will bring fast fashion battles, more mergers and acquisitions, an evolution of luxury and a presidential election, and that’s just for starters.
By Laurel Deppen and Lara Ewen • Jan. 12, 2024 -
Cara Salpini/Fashion Dive
Rothy’s names new CEO
Co-founders Stephen Hawthornthwaite and Roth Martin are transitioning from their roles as CEO and president to usher in Jenny Ming and Dayna Quanbeck.
By Caroline Jansen • Jan. 11, 2024 -
Authentic CEO: Buying Forever 21 ‘biggest mistake I made’
Jamie Salter also says Shein makes “a lot more than $30 billion” and hinted that the brand licensing firm could IPO in the next 18 months.
By Cara Salpini • Jan. 11, 2024 -
Daphne Howland/Fashion Dive
Chico’s CEO out as brands join Sycamore holding company
Molly Langenstein took over the top job four years ago amid slumping sales and a tumultuous period for the women’s apparel company.
By Daphne Howland • Jan. 9, 2024 -
Daphne Howland/Fashion Dive
Chico’s joins Sycamore’s KnitWell Group
Last year the private equity firm announced it would acquire the apparel conglomerate for $1 billion.
By Daphne Howland • Jan. 8, 2024 -
RgStudio via Getty Images
Retail trends that shaped the holidays in 2023
From new marketing techniques to consumers spending despite inflation, here are the big takeaways from the latest holiday season.
By Retail Dive Staff • Jan. 5, 2024 -
Courtesy of Zulily
Zulily goes out of business, plans to liquidate
The retailer has entered an assignment for the benefit of creditors, an alternative to bankruptcy, after seven months under private equity ownership.
By Nate Delesline III • Jan. 3, 2024 -
Courtesy of Suez Canal Authority
Holiday shelves unaffected by Suez Canal attacks, but retailers anticipate disruptions in the new year
Retail industry groups are monitoring the situation, which is adding time and costs to the supply chain as shippers seek alternative routes.
By Daphne Howland • Dec. 22, 2023 -
FG Trade via Getty Images
With website down, Zulily’s future in doubt
The e-commerce retailer's website is currently "down for maintenance," following layoffs.
By Nate Delesline III • Dec. 20, 2023 -
Farfetch and Coupang deal has consequences for luxury, e-commerce: analysts weigh in
The newly announced acquisition deal may signal a new path forward for the struggling platform, but challenges remain.
By Lara Ewen • Dec. 19, 2023 -
Courtesy of Coupang
Farfetch to be acquired by Coupang in a $500M deal
As a result, Farfetch will be delisted from the NYSE, and its agreement to buy YOOX Net-a-Porter from Richemont has been terminated.
By Lara Ewen • Dec. 18, 2023 -
Courtesy of eBay
EBay pushes luxury consignment service with curated Jenna Lyons collection
A bus will travel to Los Angeles and Las Vegas with items from Lyons’ closet for sale, and shoppers can also get their own luxury handbags appraised.
By Tatiana Walk-Morris • Dec. 14, 2023 -
Retrieved from Wales Bonner on December 14, 2023
Cold weather footwear, Sambas and Uggs top the most-wanted list: report
Sneaker reseller StockX also said skate shoes, Timberlands and shoes with loud patterns were sought-after during the winter.
By Lara Ewen • Dec. 14, 2023 -
Jason Kempin/FilmMagic via Getty Images
Uniqlo plans more than 20 new stores in North America in 2024
The Japan-based fast fashion company is expanding its retail presence in the U.S. and Canada and expects to have 200 locations open by 2027.
By Lara Ewen • Dec. 12, 2023
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