Retail: Page 6

  • Image shows interior storefront of Coupang featuring neon displays.
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    Courtesy of Coupang
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    Coupang completes acquisition of Farfetch

    The $500 million deal, initially announced in December, was threatened last week by Farfetch bond holders seeking to recover their investment in the luxury e-commerce firm.

    By • Jan. 31, 2024
  • A one-story store sits on a corner against a blue sky.
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    Courtesy of REI Co-op
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    REI to lay off 357, including 200 at corporate headquarters

    The move is the company’s third round of layoffs in less than 12 months.

    By Nate Delesline III • Jan. 30, 2024
  • A person, Jose Neves, sits on a stage speaking into a microphone.
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    Jason Carter Rinaldi via Getty Images
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    Farfetch deal with Coupang threatened by ad hoc investor group

    The noteholders, who collectively hold more than half of the luxury e-commerce platform’s 2027 bonds, say they’re seeking options that would allow them to recover their funds.

    By • Updated Jan. 30, 2024
  • A red Levi's tab sign against a bright blue sky.
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    Daphne Howland/Fashion Dive
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    Levi’s to lay off as much as 15% of its workforce

    Incoming CEO Michelle Gass will oversee the ongoing pivot to DTC as the denim brand continues to struggle with its growth plans.

    By Daphne Howland • Jan. 29, 2024
  • Exterior view shows a True Religion jeanswear store inside a mall with discount signs on the windows.
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    Permission granted by True Religion
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    True Religion announces footwear license deal

    Launching in the fall, the new collection in partnership with Orly Corporation will feature men’s, women’s and kids’ shoes.

    By • Jan. 24, 2024
  • A model wears brightly colored Sundry clothing.
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    Retrieved from Digital Brands Group on January 03, 2024
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    Digital Brands Group plots 50 stores

    The company said its first location will open by March, and it plans to use it to offload excess inventory, particularly from its Sundry acquisition.

    By Caroline Jansen • Jan. 23, 2024
  • An exterior corner of a Macy's store.
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    Daphne Howland/Fashion Dive
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    Macy’s to cut 3.5% of its workforce, close 5 mall anchors

    The moves come as Tony Spring prepares to take the reins from CEO Jeff Gennette, who said a year ago that store closures were mostly complete.

    By Daphne Howland • Jan. 22, 2024
  • 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 ends full-time work for stylists, lays off some leads

    The apparel box retailer has kept a tight grip on expenses, but its sales and customer base continue to shrink.

    By Daphne Howland • Jan. 19, 2024
  • Nike red, black and white Air Jordan 1 "Dunk Sole" shoes are displayed in a glass case alongside a photo of Michael Jordan wearing them in a game.
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    Cindy Ord via Getty Images
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    Nike was the top-traded sneaker brand of 2023: report

    The annual StockX culture index also named running shoe brands Asics and New Balance and gave a nod to viral footwear company MSCHF.

    By • Jan. 19, 2024
  • A ring in a red Cartier jewelry box sits on a counter.
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    Andrew H. Walker via Getty Images
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    Richemont bucks larger luxury slowdown with 4% sales boost for Q3

    China helped boost numbers for the period, and jewelry and watches lifted retail, while the company reiterated plans to find a new buyer for Yoox Net-a-Porter.

    By • Jan. 18, 2024
  • Three smiling tweens hanging out together.
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    Courtesy of Target
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    What it takes to build a private label

    Hint: It's more than poaching from Target’s slam-dunk owned brands operation.

    By Daphne Howland • Jan. 18, 2024
  • A shot of Lululemon Global Creative Director Jonathan Cheung in a brand sweater and jacket against a white background.
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    Courtesy of Lululemon
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    Lululemon taps new global creative director

    Jonathan Cheung is taking on the role, while JJ Collier joins the athleticwear brand in the newly created position of vice president of design for outerwear.

    By Cara Salpini • Jan. 17, 2024
  • A lit Burberry storefront as seen in the evening on an empty street.
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    Retrieved from Burberry on January 12, 2024
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    Burberry issues early profit warning

    An overall luxury sector decline and weak December sales will produce lower-than-expected results and impact the company’s fiscal year.

    By • Jan. 12, 2024
  • A crowd of spectators raise their cell phones to record the events taking place at the Concept Korea fashion show during New York Fashion Week.
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    Arturo Holmes via Getty Images
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    Deep Dive

    7 fashion industry trends to watch in 2024

    The coming year will bring fast fashion battles, more mergers and acquisitions, an evolution of luxury and a presidential election, and that’s just for starters.

    By Laurel Deppen and Lara Ewen • Jan. 12, 2024
  • Rothy's M Street store in Georgetown
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    Cara Salpini/Fashion Dive
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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
  • The mall entrance of a brightly light "Forever 21" store.
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    "Forever 21" by Mike Mozart is licensed under CC BY 2.0
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    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
  • A brick entrance to a corner apparel store.
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    Daphne Howland/Fashion Dive
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    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
  • A small hanging store sign reads "Chico's."
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    Daphne Howland/Fashion Dive
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    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
  • Smiling young family looking at candy and Christmas presents in a store window.
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    RgStudio via Getty Images
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    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's webpage
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    Courtesy of Zulily
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    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
  • A cargo ship on the Suez Canal
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    Courtesy of Suez Canal Authority
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    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
  • Young woman online shopping using the laptop at home
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    FG Trade via Getty Images
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    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
  • A Farfetch shopping bag sits on an orange seat.
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    The image by [email protected] is licensed under CC BY-SA 2.0
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    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 • Dec. 19, 2023
  • Image shows interior storefront of Coupang featuring neon displays.
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    Courtesy of Coupang
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    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 • Dec. 18, 2023
  • Jenna Lyons sitting among shoes.
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    Courtesy of eBay
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    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