Retail: Page 18
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AG Jeans taps fashion industry veteran for new CEO role
Glenn McMahon will be the California-based company’s first CEO in its 20-plus year history and will report to AG owner and founder Yul Ku.
By Lara Ewen • July 24, 2023 -
Deep Dive
Yeezy was only part of Adidas’ problems. The athleticwear brand has been falling further behind Nike for years.
Since 2013, Adidas’ net sales have grown by less than $5 billion as it struggles to keep pace with the broader market. Could a new CEO and a clean slate reverse those trends?
By Cara Salpini • July 24, 2023 -
Carhartt expands its resale program to allow mail-in trades
The workwear brand’s Reworked partnership with Trove will allow it to reach customers throughout the U.S. by the end of 2023.
By Laurel Deppen • July 20, 2023 -
True Religion’s new chief marketing officer will lead the brand’s digital pivot
Kristen D’Arcy, formerly of Pacsun and American Eagle Outfitters, said she expects e-commerce to represent 50% of the brand’s revenue in a few years.
By Lara Ewen • July 19, 2023 -
Express chief merchandising officer exits
Malissa Akay has left the apparel retailer effective immediately, according to a Friday regulatory filing.
By Nate Delesline III • July 18, 2023 -
David’s Bridal reportedly will keep nearly 200 stores open under new ownership
The chain has been seeking a buyer since before its April bankruptcy filing. An offer from Cion Investment Corp was approved.
By Daphne Howland • July 17, 2023 -
Retrieved from U.S. District Court, Central District of California, Western Division on July 14, 2023
Designers sue Shein for copyright infringement under racketeering laws
The RICO statute could help plaintiffs wrestle with the e-commerce giant’s unusual corporate structure and production strategy, experts say.
By Daphne Howland • July 14, 2023 -
Designer Brands names DSW president
Laura Denk, who comes to the company from Michaels, will oversee owned brands — a major focus for the shoe retailer.
By Kaarin Moore • July 11, 2023 -
Retrieved from Stateside on August 31, 2021
Digital Brands Group receives Nasdaq delisting warning
The DTC company was notified it is out of compliance with a minimum share price requirement and would not receive a 180-day grace period.
By Dani James • July 10, 2023 -
Nike breaks $50B in revenue as it warms back up to wholesale
CEO John Donahoe said recent shifts back into DSW and Macy’s were “simply an extension” of the retailer’s existing strategy.
By Cara Salpini • June 30, 2023 -
Aldo and Mattel debut Barbie-themed shoes, handbags and accessories
The 19-piece collection showcases a variety of pink hues.
By Laurel Deppen • June 29, 2023 -
Prada earmarks 1% of Re-Nylon revenue for ocean education
The move enhances the existing partnership between the Italian fashion house and UNESCO’s Sea Beyond program initiative.
By Lara Ewen • June 29, 2023 -
Q&A
Shein exec talks transparency, sustainability and the afterlife of clothing
Peter Pernot-Day, global head of strategy and corporate affairs, says circularity is key when it comes to the company’s future.
By Lara Ewen • Updated July 6, 2023 -
Global luxury apparel sales strong: report
The Bain & Company and Altagamma’s 2023 spring luxury study, released last week, said the personal luxury goods market focused on wardrobe staples and new formal and occasion wear.
By Lara Ewen • June 27, 2023 -
Chico’s announces $100M stock repurchase program
The women’s fashion apparel retailer reported a small slide in its Q1 net sales, which fell to $534.7 million.
By Nate Delesline III • June 27, 2023 -
Crocs creates Jibbitz-themed virtual store experience
Shoppers can customize a pair of shoes with up to 26 charms in the virtual experience and then purchase a physical version of their creation.
By Tatiana Walk-Morris • June 26, 2023 -
Savage x Fenty appoints new CEO
The direct-to-consumer lingerie brand, founded by music star Rihanna, has been steadily expanding its store footprint.
By Dani James • June 23, 2023 -
Dick’s bans forever chemicals in its brand textile products
PFAS, called forever chemicals because of their inability to break down in the environment, are often found in sweat- and water-resistant products.
By Laurel Deppen • June 21, 2023 -
Victoria’s Secret names brand president, chief merchandising officer
Greg Unis will oversee the namesake and Pink brands, while former Torrid executive Anne Stephenson will become the company’s chief merchant.
By Nate Delesline III • June 21, 2023 -
"Saks Fifth Avenue, Off 5th Outlet Factory Store , Clinton CT" by Mike Mozart is licensed under CC BY 2.0
Saks Off 5th names chiefs for marketing, merchandising
Mara Sirhal joins from Bed Bath & Beyond as chief merchant and brand president, while Sara Griffin will become chief marketing and analytics officer.
By Nate Delesline III • June 16, 2023 -
Younger shoppers are spending less on apparel: report
Luxury brands received the biggest drop off in spending from consumers under 34.
By Laurel Deppen • June 16, 2023 -
Bergdorf revamps men’s shop to focus on tailoring
The luxury retailer is doubling down on the sector as menswear sales over the past 12 months outpace both women and children, according to data.
By Howard Ruben • June 15, 2023 -
Gap launches vintage collection curated in-house
The collection, hand-picked by Gap’s vintage curator, designer Sean Wotherspoon, includes items from the 1980s, 1990s and 2000s.
By Laurel Deppen • June 14, 2023 -
Adobe: Online prices fell 2.3% in May, the biggest drop since the pandemic began
Overall inflation has slowed in recent months, the research firm found.
By Tatiana Walk-Morris • June 13, 2023 -
Fiorucci menswear artistic director to depart brand
Daniel Fletcher has been with the brand since 2019, and his final collection will be released later this year.
By Lara Ewen • June 13, 2023