Retail: Page 12
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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 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 -
J. Crew opens virtual store
The beach house experience features six themed rooms for shoppers to browse, and includes a quiz, a scavenger hunt and former catalog images.
By Tatiana Walk-Morris • June 12, 2023 -
Excess inventory at Neiman Marcus squeezes Q3 margins
Some consumers showed wariness in the period, but the department store said its top customers, brands and stores continue to do well.
By Daphne Howland • June 9, 2023 -
J. Jill refinances long-term debt, plans new POS
After warning of potential bankruptcy in 2020, the retailer is now focused on investments to enhance its omnichannel capabilities.
By Nate Delesline III • June 8, 2023 -
Victoria’s Secret expands Amazon assortment to include apparel, lingerie
The retailer opened its Amazon storefront last year with 120 beauty products in an effort to stoke sales within the category.
By Kaarin Moore • June 6, 2023 -
EBay expands Authenticity Guarantee to streetwear
Items from nine brands including Supreme and Off-White are eligible, with more to be added at the end of September, including Adidas, Nike and Gucci.
By Xanayra Marin-Lopez • June 2, 2023 -
Patagonia sues Nordstrom, claiming counterfeit sales at Rack
The brand recently stopped selling via the department store and its off-price stores and discovered the alleged fakes this year, per court documents.
By Daphne Howland • June 1, 2023 -
Fendi launches men’s basketball-inspired collection
The limited-edition Fendi Active: Basketball Capsule comes with a $10,000 basketball hoop and a pop-up court at Saks Fifth Avenue in New York.
By Lara Ewen • May 30, 2023 -
Journeys to close 100 stores this year, move away from malls
The number is up from a previous estimate of 60 locations and will save up to $40 million, according to parent company Genesco.
By Tatiana Walk-Morris • May 30, 2023