Retail: Page 9

  • Five pieces of clothing, with a cardboard box to the right that says "Stitch Fix."
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    Courtesy of Stitch Fix
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    Stitch Fix cost cuts pay off as Q4, full-year losses narrow

    But sales declines continue, and the apparel box retailer has decided to shutter its U.K. operation by the end of its first quarter.

    By Daphne Howland • Sept. 20, 2023
  • Land's End
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    Courtesy of Land's End
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    Land’s End interim takes permanent CFO seat

    Bernard McCracken is the latest chief accounting officer to be promoted to a public company’s top finance role. 

    By Maura Webber Sadovi • Sept. 19, 2023
  • The letters spelling out "Nordstrom" in capital letters create shadows on the brick facade of a store.
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    "Nordstrom - Oak Park Mall" by Mike Kalasnik is licensed under CC BY-SA 2.0
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    Nordstrom shuffles leadership, again

    Among a flurry of appointments, the retailer announced a new chief merchant, Rack president and president of Nordstrom stores.

    By Kaarin Vembar • Sept. 15, 2023
  • A woman walks down a wide, quiet street in Copenhagen wearing a grey wool knit pullover, long beige cargo skirt, black Prada bag and Copenhagen Studios Waxed Nabuc Black leather boots.
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    Jeremy Moeller via Getty Images
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    Ebay introduces luxury consignment

    The online marketplace will initially limit the program to a select list of designer handbags and will partner with resale company Linda’s Stuff for the service.

    By Howard Ruben • Sept. 14, 2023
  • A building seen at an angle, with a leafy tree visible on the right.
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    Daphne Howland/Fashion Dive
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    Macy’s taps international department store veteran as Bloomingdale’s CEO

    Olivier Bron, with stints at Central and Robinson Department Stores in Thailand and Galeries Lafayette in Paris, replaces longtime chief Tony Spring.

    By Daphne Howland • Sept. 12, 2023
  • Khloe Kardashian wearing Fabletics clothing.
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    Courtesy of Fabletics
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    Fabletics, Khloé Kardashian collaborate on activewear

    The first of the two-part collection includes bras, leggings, onesies, jackets and hoodies, with available sizes ranging from XXS to 4X.

    By Howard Ruben • Sept. 11, 2023
  • A general view of a Shein fashion show & pop-up shop at O Beach Ibiza. Palm fronds on the ceiling, pink walls with hats displayed, and racks of clothing in the store.
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    Xavi Torrent via Getty Images
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    Early back-to-school fashion purchases favored lower-priced brands and discounters

    Mid-tier and high-end department stores and apparel subscriptions saw double-digit spending drops, which may signal that consumers are feeling economic and inflationary pressures.

    By Howard Ruben • Sept. 8, 2023
  • The entrance to a store with the word "Express" repeated above each glass door.
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    Daphne Howland/Fashion Dive
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    Express CEO Tim Baxter resigns

    Stewart Glendinning, who comes to the retailer from Tyson Foods, has been appointed to the chief executive role. 

    By Kaarin Vembar • Sept. 8, 2023
  • A person in a gray suit jacket and a gray sweater that reads "Barneys New York" looks at the camera.
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    Courtesy of Forever 21 x Barneys New York
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    Forever 21 and Barneys New York partner on capsule collection

    The 32-piece limited-edition line will be sold through Forever 21 stores, its e-commerce site and its app.

    By • Sept. 7, 2023
  • Heron Preston wears sunglasses and an orange jacket as he stands in an H&M workspace, surrounded by mannequins.
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    Courtesy of H&M
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    H&M enters long-term partnership with designer Heron Preston

    The collaboration will launch a new platform called H2, which will include special collections, plus sustainability and education initiatives.

    By • Sept. 6, 2023
  • With tree branches and brick buildings to the left, a sign reading "UpWest" juts out from a building.
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    Daphne Howland/Fashion Dive
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    Express Inc. leans on cost cuts as sales, profits plummet

    The apparel conglomerate is facing consumer demand for promotional pricing and has had to correct some fashion misses at its namesake.

    By Daphne Howland • Sept. 6, 2023
  • Close up of a person's arm reaching out to chose a t-shirt on a hanger off of a clothes rack.
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    ChayTee via Getty Images
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    Despite economy, consumers still splurge on apparel: report

    Brands can convince consumers to spend even during tough financial times by appealing to their emotions.

    By Lauren Schenkman • Sept. 5, 2023
  • Lululemon storefront.
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    Kaarin Vembar/Fashion Dive
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    Lululemon increases store opening plans as sales climb 18%

    While many in the industry have warned of challenges, the athletics retailer continued to outperform, recording double-digit profit growth.

    By Cara Salpini • Sept. 1, 2023
  • A billabong storefront is pictured as people walk past it.
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    Spencer Platt/Getty Images via Getty Images
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    Authentic Brands Group closes Boardriders deal

    Though Authentic didn’t disclose financial terms, a spokesperson said the deal brings the company’s retail sales to more than $29 billion worldwide.

    By • Sept. 1, 2023
  • External storefront of a Lands' End.
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    Courtesy of Lands' End
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    Lands’ End revenue down 7.9% in Q2 as e-commerce falters

    The company's defunct business in Japan and soft European e-commerce hampered its financial performance.

    By • Updated Aug. 31, 2023
  • Mannequins in lingerie are part of the sales floor displays at Victoria's Secret in New York City
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    Permission granted by Victoria's Secret & Co.
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    Victoria’s Secret posts Q2 sales decline amid turnaround efforts

    While the retailer reported progress on its strategic initiatives, analysts question whether its actions are working.

    By Kaarin Vembar • Aug. 31, 2023
  • People walking down the street, past an apparel store.
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    Andrew Burton / Staff via Getty Images
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    Ann Taylor, Loft, Talbots form new KnitWell Group

    Owner Sycamore Partners acquired Talbots over a decade ago and the other KnitWell brands during Ascena's 2020 bankruptcy.

    By Daphne Howland • Aug. 30, 2023
  • A group of people wearing a J.C. Penney collection by Jason Bolden.
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    Courtesy of J. C. Penney
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    J.C. Penney partners with celebrity stylist Jason Bolden

    In a first-ever stylist collaboration for the department store, Bolden will reimagine collections for its J. Ferrar and Worthington private labels.

    By Tatiana Walk-Morris • Aug. 30, 2023
  • A person in a large white top, polka dot tights, and black Brian Atwood scrunch booties walks away from the camera looking back toward it.
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    Courtesy of Brian Atwood for Express
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    Express names Brian Atwood creative director of footwear

    The luxury shoe designer will be responsible for women's and statement men's lines, as well as his own imprint.

    By • Aug. 29, 2023
  • A Uniqlo store is pictured on the corner of a street in the evening while people walk past it.
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    Sean Gallup/Getty Images via Getty Images
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    Fast Retailing announces leadership changes

    Uniqlo CEO Daisuke Tsukagoshi will step into a COO role at the brand, while Fast Retailing’s founder will become Uniqlo CEO.

    By • Aug. 29, 2023
  • A brick storefront with a DSW sign on it.
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    Courtesy of DSW
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    Designer Brands President Bill Jordan to exit

    Jordan has been with the company in various roles for nearly 18 years and plans to exit by the beginning of December.

    By Cara Salpini • Aug. 29, 2023
  • A picture of a person's foot wearing a white and blue sneaker by Salomon and JJJJound.
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    Retrieved from JJJJound on August 24, 2023
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    On, Asics, Salomon among fastest-growing footwear brands on secondary market

    New 2023 rankings from StockX on sneakers, footwear and accessories suggest that running shoes are in high demand, and overall results may predict Q4 holiday trends.

    By Howard Ruben • Aug. 25, 2023
  • A mall entrance to a Nordstrom Rack store.
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    Daphne Howland/Fashion Dive
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    Nordstrom pushes ahead with Rack expansion despite declines

    Credit card delinquencies are up and prospects for the holiday quarter are hazy, executives said on Thursday.

    By Daphne Howland • Aug. 25, 2023
  • People walk in front of a Skechers store.
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    Photo by Spencer Platt/Getty Images via Getty Images
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    Skechers sues non-slip shoemaker for alleged patent infringement

    Attorneys for Skechers say Laforst “began making a shoe that has the same heel design as the patented Skechers heel design.”

    By • Aug. 25, 2023
  • Four birch trees to left of a light brick wall with a red star and a "Macy's" sign, with a small row of bushes in snow.
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    Daphne Howland/Fashion Dive
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    Macy’s inventory churn holds steady in Q2

    The retailer has focused on merchandise management as it works to maintain margins amid reduced consumer spending.

    By Ben Unglesbee • Aug. 24, 2023