Retail: Page 7
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Rothy’s names new CEO
Co-founders Stephen Hawthornthwaite and Roth Martin are transitioning from their roles as CEO and president to usher in Jenny Ming and Dayna Quanbeck.
By Caroline Jansen • Jan. 11, 2024 -
Authentic CEO: Buying Forever 21 ‘biggest mistake I made’
Jamie Salter also says Shein makes “a lot more than $30 billion” and hinted that the brand licensing firm could IPO in the next 18 months.
By Cara Salpini • Jan. 11, 2024 -
Chico’s CEO out as brands join Sycamore holding company
Molly Langenstein took over the top job four years ago amid slumping sales and a tumultuous period for the women’s apparel company.
By Daphne Howland • Jan. 9, 2024 -
Chico’s joins Sycamore’s KnitWell Group
Last year the private equity firm announced it would acquire the apparel conglomerate for $1 billion.
By Daphne Howland • Jan. 8, 2024 -
Retail trends that shaped the holidays in 2023
From new marketing techniques to consumers spending despite inflation, here are the big takeaways from the latest holiday season.
By Retail Dive Staff • Jan. 5, 2024 -
Zulily goes out of business, plans to liquidate
The retailer has entered an assignment for the benefit of creditors, an alternative to bankruptcy, after seven months under private equity ownership.
By Nate Delesline III • Jan. 3, 2024 -
Holiday shelves unaffected by Suez Canal attacks, but retailers anticipate disruptions in the new year
Retail industry groups are monitoring the situation, which is adding time and costs to the supply chain as shippers seek alternative routes.
By Daphne Howland • Dec. 22, 2023 -
With website down, Zulily’s future in doubt
The e-commerce retailer's website is currently "down for maintenance," following layoffs.
By Nate Delesline III • Dec. 20, 2023 -
Farfetch and Coupang deal has consequences for luxury, e-commerce: analysts weigh in
The newly announced acquisition deal may signal a new path forward for the struggling platform, but challenges remain.
By Lara Ewen • Dec. 19, 2023 -
Farfetch to be acquired by Coupang in a $500M deal
As a result, Farfetch will be delisted from the NYSE, and its agreement to buy YOOX Net-a-Porter from Richemont has been terminated.
By Lara Ewen • Dec. 18, 2023 -
EBay pushes luxury consignment service with curated Jenna Lyons collection
A bus will travel to Los Angeles and Las Vegas with items from Lyons’ closet for sale, and shoppers can also get their own luxury handbags appraised.
By Tatiana Walk-Morris • Dec. 14, 2023 -
Cold weather footwear, Sambas and Uggs top the most-wanted list: report
Sneaker reseller StockX also said skate shoes, Timberlands and shoes with loud patterns were sought-after during the winter.
By Lara Ewen • Dec. 14, 2023 -
Uniqlo plans more than 20 new stores in North America in 2024
The Japan-based fast fashion company is expanding its retail presence in the U.S. and Canada and expects to have 200 locations open by 2027.
By Lara Ewen • Dec. 12, 2023 -
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 -
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 -
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 -
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 -
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 -
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 -
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 Lara Ewen • Dec. 6, 2023 -
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 -
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 -
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 -
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 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