MILAN โ A study says global sales of luxury goods are off to a slow start in 2013 and aren't expected to match the double-digit growth of the last three years. Consultancy Bain & Co. said Thursday in a report that sales of luxury apparel, accessories,...
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James Marcum, former president & CEO of Circuit City, discusses the changing landscape of big box retail.
At the beginning of Ron Johnson's short-lived but infamous reign as J.C. Penney's CEO in January 2012, he unveiled a logo that completely rebranded the company as JCP. It was its third logo in as many years. Following Johnson's dismissal, a result of losing $43 billion in sales and isolating loyal customers with its new business approach, J.C. Penney has made a concerted effort to go back to the good old days.
Menomonee Falls, Wis. -- Kohl's Corp. reported a 5% drop in first-quarter profit on weak sales fell due to unseasonably cold weather in large parts of the United States. Kohl's net income fell to $147 million in the quarter ended May 4, down from $154...
Etailing giant Amazon is under fire for paying less than ยฃ2.5 million in corporation tax in UK- where as it received government grant that was more than the aforementioned figure. Despite generating ยฃ4 billion in sales in the UK, Amazon paid only ยฃ3.2...
With speedy shipping becoming a more competitive component of the e-commerce experience, REI created some happy campers in April with the top shipping performance in the STELLA Monthly Benchmarks sporting goods vertical. The retailer not only had the fastest average delivery speed, but scored high marks for package fit as well.
The National Retail Federation on Wednesday criticized a fire-and-building safety agreement for Bangladesh, led by labor groups such as Europe's IndustriALL. "While the proposal put forth by the labor unions addresses a number of shared concerns, the accord veers away from commonsense solutions and seeks to advance a narrow agenda driven by special interests," NRF CEO Matthew Shay said in a statement. Wednesday was the deadline for retailers to decide whether to sign the agreement, which is designed to prevent a repeat of another disaster in Bangladesh's garment industry.
An online campaign is attempting to "rebrand" Abercrombie & Fitch by donating the company's clothes to the homeless, after an author alleged that company CEO Mike Jeffries "doesn't want larger people shopping in his store." The comments, made by Robin Lewis, were included in a Business Insider article published earlier this month. The piece also referenced, and breathed new life into, a 2006 Salon article in which Jeffries admits that A&F markets to "cool kids," while excluding those who are unattractive or overweight.
Club Monaco is killing two birds with one stone with its new Tumblr lookbook. Lookbooks are the standard fashion industry PR tool. Rather than a print lookbook or a press-only site, which are the industry norms for lookbooks, Club Monaco decided to release its fall lookbook on Tumblr to make it into both a social media experience for consumers and an easy-to-access tool for press and media outlets.
/PRNewswire/ -- Walmart today announced the completion of eight new solar photovoltaic (PV) arrays in Massachusetts with an event at its Walpole store, demonstrating the store's solar array for state and local officials, environmental leaders and other...