Retail: Page 11

  • A light post sits just below the big red sign on Macy's flagship store.
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    Daphne Howland/Fashion Dive
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    Why Macy’s investors reportedly offered $5.8B to take the department store private

    The company’s real estate, and not its retail operations, are likely motivating the offer, which the would-be suitors may be willing to increase.

    By Daphne Howland • Dec. 12, 2023
  • A mall entrance to a clothing store named "Torrid."
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    Daphne Howland/Fashion Dive
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    Torrid Q3 net sales drop, swings to net loss

    The apparel and accessories brand updated its full-year guidance again and permanently appointed Paula Dempsey as its new CFO.

    By Dani James • Dec. 11, 2023
  • A white-gloved hand holds out a purple Hermes Kelly bag.
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    Robert Hradil via Getty Images
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    US luxury sales slump continued through November: report

    Fast fashion spending outpaced high-end purchases in early holiday apparel sales, with Shein up 25% for the period.

    By Howard Ruben • Dec. 8, 2023
  • An Amazon delivery van made by Rivian sits in a neighborhood.
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    Courtesy of Amazon
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    Amazon cuts referral fees for some apparel sellers

    The retailer said the changes are meant to improve the speed of delivery and reduce total costs to serve.

    By Nate Delesline III • Dec. 8, 2023
  • Five pieces of clothing, with a cardboard box to the right that says "Stitch Fix."
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    Courtesy of Stitch Fix
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    Stitch Fix sales and customer count decline further, but loss narrows

    The apparel box e-retailer kept a grip on expenses and is making major operational changes to boost sales and profits, executives said Tuesday.

    By Daphne Howland • Dec. 7, 2023
  • A black "Lululemon" sign features the red and white brand logo and white lettering, hanging in front of a leafy tree.
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    Daphne Howland/Fashion Dive
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    Can Lululemon maintain its momentum?

    Ahead of the brand’s Q3 report this week, Wells Fargo analysts downgraded their stock outlook, while other analysts raised their price targets.

    By Daphne Howland • Dec. 6, 2023
  • A black denim Telfar shopper bag sits on a white background.
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    Retrieved from Telfar on December 06, 2023
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    Telfar’s new denim shoppers sell out in less than 24 hours

    The accessories collection launched through the brand’s e-commerce site on Tuesday afternoon, and by early Wednesday, only belts and hats remained available.

    By • Dec. 6, 2023
  • Saks will lay off 90 employees next year and end operations at a Wilkes-Barre, Pennsylvania, fulfillment center, pictured here.
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    Retrieved from Google on Nov. 21, 2023.

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    Saks to lay off 90 at Pennsylvania fulfillment center

    The cuts are slated to begin in January as the e-commerce retailer shifts volume to more advanced facilities.

    By Max Garland • Nov. 29, 2023
  • Storefront of Abercrombie & Fitch in a mall. Store windows on the left and right have mannequins wearing long pants and shirts.
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    Courtesy of Abercrombie & Fitch
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    Abercrombie & Fitch sales jump 20% in Q3

    The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.

    By Nate Delesline III • Nov. 28, 2023
  • A person is reflected in a glass storefront displaying luxury handbags and shoes.
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    Spencer Platt via Getty Images
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    Early holiday luxury apparel sales stagnate: report

    While Black Friday online apparel shopping surged, aspirational shoppers have pared back spending on high-end goods on the heels of economic headwinds.

    By Howard Ruben • Nov. 27, 2023
  • Two people with shopping bags.
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    Courtesy of Nordstrom
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    Nordstrom pushes Rack expansion as full-line fleet contracts

    Analysts question the emerging dependence on an off-price business that is struggling to compete in an otherwise thriving segment.

    By Daphne Howland • Nov. 27, 2023
  • Adore Me lingerie
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    Permission granted by Adore Me
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    Adore Me launches sustainability accelerator

    The Victoria's Secret-owned lingerie brand is working with four startups on technology to lessen the impact of manufacturing processes.

    By Dani James • Nov. 22, 2023
  • Employees outside of the Times Square Foot Locker store. A Foot Locker and NBA sign hangs overhead.
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    Courtesy of Foot Locker
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    Foot Locker, NBA sign multiyear marketing deal

    The footwear retailer, which has seen sales fall for three consecutive quarters, will become an official league marketing partner in the U.S.

    By Tatiana Walk-Morris • Nov. 21, 2023
  • A leafy green bush sits in front of a reddish brick store against a bright blue sky, with the name Kohl's in white block letters.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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    Kohl’s president, COO exits after less than a year

    Dave Alves took on the roles this spring.

    By Daphne Howland • Nov. 21, 2023
  • Two side-by-side pictures feature a person wearing a gray turtleneck sweater with a googly-eye design on the collar.
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    Retrieved from Anya Hindmarch on November 17, 2023
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    Uniqlo’s collab with Anya Hindmarch adds deconstructed details to fast fashion knitwear

    The collection features sweaters and accessories for women and children.

    By • Nov. 20, 2023
  • Exterior Old Navy sign.
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    Daphne Howland/Fashion Dive
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    Old Navy regains momentum in Q3 as Gap Inc. shows signs of recovery

    But Athleta's promise as a growth engine seems further away as both sales and comps plunged nearly 20%.

    By Daphne Howland • Nov. 20, 2023
  • An AI generated version of Times Square depicting piles of clothing on the street and a sign reading "what if fast fashion waste"
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    Courtesy of Vestiaire Collective
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    Vestiaire bans H&M, Uniqlo, Urban Outfitters, Zara and more from its platform

    The site now prohibits customers from reselling 60 brands it considers fast fashion and harmful to the environment.

    By Howard Ruben • Updated Nov. 17, 2023
  • Warmly lit exterior image of On's Miami store
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    Courtesy of On
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    On’s net sales jump 46.5% in Q3 as it plans to slow wholesale expansion

    The athletics brand saw DTC net sales increase 54.6% and raised its full-year outlook again to project an annual growth rate of over 46%.

    By Dani James • Nov. 15, 2023
  • A person holds a sweater taken out of a ThredUp box.
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    Courtesy of ThredUp
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    Luxury resale platform Rebag partners with ThredUp

    The collaboration expands the portfolio of items customers can trade in for Rebag credit.

    By • Nov. 14, 2023
  • Person with hand tattoos kneels and laces up a Sperry boat shoe.
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    Retrieved from Sperry on November 09, 2023
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    Deep Dive

    Rocking the boat shoe: Sperry’s search for a lifeline

    Wolverine is looking to unload its 88-year-old lifestyle footwear brand, but finding the right buyer is a hard sell.

    By • Updated Nov. 20, 2023
  • Exterior shot of the EBay store in NYC.
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    Courtesy of EBay
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    EBay opens streetwear pop-up in New York City

    “Canal Street Wear” will sell authenticated items from the marketplace’s sellers and allow shoppers to verify the authenticity of their own goods.

    By Tatiana Walk-Morris • Nov. 6, 2023
  • The mall entrance of a brightly light "Forever 21" store.
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    "Forever 21" by Mike Mozart is licensed under CC BY 2.0
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    Simon Property Group reduces stake in Forever 21 operator Sparc

    CEO David Simon said the mall REIT will continue to monetize its retailer holdings due to their volatility.

    By Daphne Howland • Nov. 2, 2023
  • Zaya Guarani sits on a grassy field wearing a graphic black jacket, beige pants, and modeling a black pair of Campfire Crafted Regenerate Boots by Ugg.
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    Courtesy of Ugg
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    Ugg introduces pop-up AR mirror at NYC flagship

    Made with fashion tech company Zero10, the mirror allows users to experience visual effects inspired by the brands “Uggextreme” product campaign.

    By Xanayra Marin-Lopez • Oct. 30, 2023
  • A sign for Forever 21 is pictured and a smiley face is reflected through the store's window.
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    Drew Angerer/Getty Images via Getty Images
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    Shein and Forever 21 deepen partnership with co-branded line

    The fast fashion rivals made a deal in August to distribute each other’s products.

    By • Oct. 27, 2023
  • A close-up of models as they walk the runway wearing neutral tones of brown during the Saint Laurent Womenswear spring-summer 2024 show as part of Paris Fashion Week.
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    Francois Durand via Getty Images
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    Kering revenue drops 13% in Q3 as global luxury sales falter

    Almost all the firm’s fashion brands saw double-digit declines as its retail and wholesale numbers also fell.

    By • Oct. 25, 2023