Retail: Page 3
-
Saks Fifth Avenue parent company to acquire Neiman Marcus Group for $2.6B
The rival companies will continue to operate independently and the deal is partially funded by e-commerce giant Amazon.
By Stephanie Arnold • July 8, 2024 -
Lawsuit claims Nike CEO John Donahoe misled investors about the success of its DTC strategy
The lawsuit alleges that Donahoe and Chief Financial Officer Matt Friend continually touted the strength of its strategy when in fact it was “unable to generate sustainable revenue growth.”
By Cara Salpini • June 26, 2024 -
H&M collaborates with designers on Basquiat collection
A 30-piece line, created with 2024 LVMH Prize semi-finalists Ev Bravado and Téla D'Amore, will hit stores in July.
By Lara Ewen • June 25, 2024 -
Eastern Mountain Sports, Bob’s Stores file for bankruptcy
The chains, in a “liquidity crisis” since their bank found them to be in default, require emergency funding to make payroll Friday.
By Daphne Howland • June 24, 2024 -
Gap Inc. names new CTO
Like CEO Richard Dickson, Sven Gerjets joins the apparel company from Mattel where he served as its chief technology officer.
By Tatiana Walk-Morris • June 20, 2024 -
Ikea launches textile collection for home and fashion
The line of pre-cut fabric was created to encourage “countless opportunities for design.” It will be available starting in July.
By Howard Ruben • June 18, 2024 -
Crate and Barrel debuts home collection with fashion designer Laura Kim
Kim, who is the co-creative director of Oscar de la Renta, is making her debut in the homewares space with the retailer.
By Tatiana Walk-Morris • June 11, 2024 -
Designer Brands acquires Canadian footwear retailer Rubino
The retailer also named a new chief marketing officer for its largest banner, DSW, as it reported flat sales for Q1.
By Nate Delesline III • June 6, 2024 -
Luxe Pack highlights packaging psychology and sustainability trends
Estée Lauder’s chief sustainability officer and other speakers shared their perspectives on upcoming trends in the cosmetics and luxury packaging sectors.
By Hayley Lind • June 5, 2024 -
Abercrombie & Fitch Co. sets a record with billion-dollar Q1
The retailer is considering more brand extensions as one way to maintain its momentum.
By Daphne Howland • May 30, 2024 -
Mytheresa and Vestiaire Collective expand partnership
The luxury digital platform will allow all customers in Europe and the U.S. to receive store credit when they sell their pre-worn designer goods.
By Lara Ewen • May 29, 2024 -
Vuori opens first store in China
The store marks the athleisure brand’s 67th location as it works toward a goal of opening 100 stores by 2026.
By Howard Ruben • May 29, 2024 -
Lululemon restructures product, marketing teams as Chief Product Officer Sun Choe exits
The roles of chief brand officer and global creative director will expand as Choe leaves for a new opportunity and won’t be replaced.
By Cara Salpini • May 28, 2024 -
Shipping carrier diversification benefits Lulus in Q1
The fashion brand has added more delivery providers in recent quarters to offset rising shipping costs.
By Max Garland • May 24, 2024 -
The Vampire’s Wife shuts down
Susie Cave, designer of the luxury dress label, posted an announcement on the brand’s e-commerce site saying it would cease operations immediately.
By Lara Ewen • May 22, 2024 -
Destination XL marketing campaign focuses on ‘clothes that actually fit’
The multichannel effort, which is being tested in three markets, focuses on “simplicity, quality, and fit,” CEO Harvey Kanter said.
By Tatiana Walk-Morris • May 16, 2024 -
Adore Me launches AI design tool
AM by You, which uses generative AI, allows consumers to create their own customized bralette and panty set.
By Howard Ruben • May 14, 2024 -
Gap launches collab with Dôen
The 51-piece collection features women’s and children’s apparel, including a “feminine take” on Gap’s classic styles.
By Laurel Deppen • May 14, 2024 -
Allbirds revenue plummets 28% in Q1 as CEO says the brand is ‘executing with urgency’
Joe Vernachio said the retailer shuttered three stores in the quarter and is on track with its planned closures, which will amount to 10 to 15 this year.
By Cara Salpini • May 13, 2024 -
Gap names new global CMO amid push to revitalize brand
Fabiola Torres joins the retailer from PepsiCo and was lauded for her ability to connect with globally diverse consumers.
By Peter Adams • May 10, 2024 -
Amazon’s Summer Beauty Haul returns
The beauty savings event is back for the second year — following the company teasing a July return to Prime Day.
By Nate Delesline III • May 7, 2024 -
UPS’ Happy Returns now powers Shein returns at Forever 21 stores
The company launched a cross-brand capability for online orders returned at stores as it pursues deals with more enterprise retailers.
By Max Garland • May 6, 2024 -
How Cotopaxi navigated remediation of a tier 1 supplier
The outdoor apparel and accessories brand chose remediation over removal to avoid exacerbating negative worker impacts, an executive said.
By S.L. Fuller • May 2, 2024 -
Forever 21 unveils first bridal capsule collection
The fast fashion company is the most recent retailer to expand its product assortment into the wedding category.
By Tatiana Walk-Morris • April 26, 2024 -
The turnaround of Abercrombie & Fitch is finally here
S&P Global Ratings on Tuesday upgraded the apparel retailer, not just on its better-than-expected 2023 performance but also its strong momentum.
By Daphne Howland • April 25, 2024