Retail: Page 8
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Courtesy of Lands' End
Lands’ End lays off 10% of corporate workforce
Most of those layoffs came in January, though some were the result of earlier changes to the retailer's sourcing organization.
By Nate Delesline III • April 1, 2024 -
Daphne Howland/Fashion Dive
Despite last year’s declines, Torrid could grab more market share
The plus-size leader faces ongoing reluctance to spend on discretionary goods, but has inventory control and other strengths on its side.
By Daphne Howland • March 29, 2024 -
Courtesy of Canada Goose
Canada Goose cuts corporate workforce by 17%, shakes up executive roles
As part of a DTC focus, the brand said about a year ago that it would double its footprint within five years, but some analysts anticipate that slowing.
By Daphne Howland • March 27, 2024 -
Courtesy of Temu
How Temu sales stack up to e-commerce competitors: report
Data from Earnest Analytics found that the fast fashion company has nearly double the retention rate of companies such as Walmart and Target.
By Laurel Deppen • March 25, 2024 -
Daphne Howland/Fashion Dive
Has Lululemon peaked?
Growth in North America has slowed, but analysts aren’t worried, given the brand’s innovation, past nimbleness and potential abroad.
By Daphne Howland • March 25, 2024 -
Daphne Howland/Fashion Dive
Nike refocuses on innovation as Q3 revenues fall flat
CEO John Donahoe said the sportswear brand “is not performing at our potential” and needs to lean back into wholesale and product innovation.
By Cara Salpini • March 22, 2024 -
Justin Sullivan via Getty Images
Untuckit to open 14 new stores in 2024
The DTC apparel brand said the first seven stores will open by May across California, Georgia, Florida, New Jersey and New York.
By Howard Ruben • March 21, 2024 -
Justin Sullivan/Getty Images via Getty Images
Nordstrom revives namesake brand
The new line, which features footwear and accessories, is part of a revamp following lagging Q4 sales at full-line stores.
By Laurel Deppen • March 19, 2024 -
Outdoor Voices shutters all stores
The activewear brand, once a DTC darling, told staff last week it would close stores as it shifts to an online-only model.
By Caroline Jansen • March 19, 2024 -
Courtesy of Gap Inc.
Gap and Palace collaborate on streetwear collection
The 55-piece capsule with the London-based skate brand will feature adult and children’s apparel, plus skate decks and a limited-edition plush toy.
By Lara Ewen • March 18, 2024 -
Photo by David McNew/Getty Images via Getty Images
High levels of lead found in off-price fashion accessories: report
The Center for Environmental Health said it detected the chemical in products from Ross and Burlington stores in California.
By Lauren Schenkman • March 18, 2024 -
Hollie Adams/Getty Images via Getty Images
Chanel seeks permanent injunction against What Goes Around Comes Around
The years-long case could spur luxury companies to take a “more assertive stance” on protecting their brand integrity, a former FTC attorney says.
By Laurel Deppen • March 15, 2024 -
Caroline Jansen/Fashion Dive
Allbirds taps new CEO, plans store closures
COO Joe Vernachio takes over from co-founder Joey Zwillinger on Friday as the DTC brand reported a 15% sales drop in 2023.
By Cara Salpini • March 14, 2024 -
The image by Philafrenzy is licensed under CC BY-SA 4.0
Matches enters administration nearly three months after being purchased
The Frasers Group said that restructuring the luxury e-commerce business would require “too much change.”
By Laurel Deppen • March 12, 2024 -
Cara Salpini/Fashion Dive
American Eagle ‘refocused’ logistics arm amid third-party business woes
The retailer faced $98.3 million in impairment and restructuring charges from Quiet Platforms in Q4 as it adjusted to reduced e-commerce fulfillment demand.
By Max Garland • March 12, 2024 -
Courtesy of Gap Inc.
Gap, Old Navy make progress on long road to recovery
New Gap Inc. CEO Richard Dickson touted market share gains at the company’s biggest brands, but analysts say they have further to go.
By Daphne Howland • March 11, 2024 -
Courtesy of H&M
H&M launches its H2 Exchange circular fashion initiative
The program, created in partnership with designer Heron Preston, seeks to bring sustainable clothing concepts to a younger, wider audience.
By Howard Ruben • March 8, 2024 -
Courtesy of REI Co-op
REI releases first nongendered apparel collection for adults
The company also said it is transitioning its in-house brand away from gender-specific merchandise “where it makes sense.”
By Tatiana Walk-Morris • March 8, 2024 -
Daphne Howland/Fashion Dive
Investors throw another $800M onto Macy’s takeover bid
Arkhouse Management and its partners have upped their offer to $6.6 billion despite the department store’s refusal to share financial information.
By Daphne Howland • March 6, 2024 -
Bryan Thomas via Getty Images
J.Crew launches swimwear takeback program
The recycling initiative, in partnership with SuperCircle, will give consumers shopping credit in exchange for used bathing suits from any brand.
By Howard Ruben • March 4, 2024 -
New majority-stake owners of The Children’s Place come through with funds, shake up board
Saudi investment firm Mithaq Capital is providing $78.6 million in interest-free, unsecured and subordinated term loans.
By Daphne Howland • March 4, 2024 -
Courtesy of Kontoor
Kontoor revenue falls 8% in Q4
The previous quarter’s boost from a Barbie collaboration was no longer visible, and full-year earnings dropped 1% in fiscal 2023.
By Lara Ewen • March 1, 2024 -
Michael Vi via Getty Images
Coupang wants to transform the luxury fashion customer experience
On its Q4 earnings call, CEO Bom Kim said his company was confident that buying Farfetch was a prudent financial decision.
By Lara Ewen • Feb. 28, 2024 -
Courtesy of Adidas
The latest Yeezy drop from Adidas is online only
The activewear company earlier this month announced plans to shed existing inventory from its previous partnership with Ye.
By Tatiana Walk-Morris • Feb. 28, 2024 -
Courtesy of Nordstrom
‘Treat yourself’ culture: Here’s what the numbers say
Holiday spending habits at the end of last year bring into focus the need for messaging around “the importance of you,” per the Why Group.
By Sara Karlovitch • Feb. 26, 2024
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