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lululemon athletica is at a turning point. It's been two years since the activewear company brought in Laurent Potdevin as chief executive officer. His task: cut the waste and expense of designing, making and distributing its garments, and rebuild customer trust after the 2013 recall of $98 yoga pants that became sheer when the wearer bent…
Jerry Storch, the chief executive of Hudson’s Bay, comments on the company's deal to acquire digital retailer Gilt Groupe for a quarter of its private valuation.
Joyce Leslie, a 69-year-old women’s clothing retailer with 47 stores in the New York metropolitan area, has filed for Chapter 11 reorganization. The company lacks a “sophisticated e-commerce platform” to compete in today’s market, it said in court papers.
Department stores have been under siege for decades, but lately their fortunes have hit a new low that could spark a wave of deal making that could sweep up companies such as Kohl’s Corp. Kohl’s, a national department-store chain with roughly 1,200 stores, is debating whether to pursue more drastic action, such as taking itself private…
Target is teaming up with SoulCycle on a 10-city tour that will include free cycling classes and pop-up shops, making good on two of the retailer's New Year’s resolutions — to get fit and be cool. SoulCycle is the gold standard for studio cycling, complete with candlelight, rocking music, and A-list devotees including Kelly Ripa…
Walgreens has agreed to sell its Chicago-area health clinics to Downers Grove, Ill.-based Advocate Health Care as part of the drugstore chain's massive effort to streamline operations and cut costs. The two companies said Monday that the deal includes all 56 of Walgreens’ in-store clinics in the region, which will come under Advocate's ownership in May. Terms…
Investment firm Starboard Value has urged department store chain Macy's to push for realizing greater value from its real-estate holdings, including its famous Herald Square store in New York, The Wall Street Journal reported. The activist investor, in a letter and presentation to Macy's management on Sunday, said although it supports the retail chain's plans of cost…
Howard Levine is stepping down as chief executive officer of Matthews, N.C.-based Family Dollar on Jan. 15, the company announced Friday. Levine’s departure follows Virginia-based Dollar Tree’s acquisition of Family Dollar last summer. At the time, the company had said Levine would remain with the company for two years to assist with the integration, reporting to…
Troubled retailer American Apparel Inc. has received a takeover bid of more than $200 million from an investor — part of a plan that would return ousted Chief Executive Dov Charney back to the company, according to a person familiar with the situation. The Los Angeles clothing manufacturer, which filed for Chapter 11 protection in October,…
Wal-Mart Stores, the world's largest retailer, faces a lawsuit in Pennsylvania claiming store employees negligently allowed an underage, intoxicated customer to buy a box of bullets later used to commit three murders. The lawsuit, filed in Philadelphia by families of the victims, seeks compensatory and punitive damages from Wal-Mart and several employees at its Easton, Pennsylvania,…