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Wal-Mart said it wonโt accept an agreement โat this timeโ to improve fire and building safety in Bangladesh thatโs supported by labor monitoring groups and signed by several retailers this week. Instead, in the wake of the deadly Rana
St. Petersburg. Fla. โ HSN Inc. said Wednesday that it has appointed CFO Judy Schmeling to the additional role of COO, effective immediately. Schmeling has been serving as HSN's executive VP and CFO since 2001. In her new role, Schmeling will be...
Anyone who has recently shopped or browsed on a tablet or smartphone knows that the retail experience is changing โ and it's changing for both consumers and retailers. Within a few years, the entire shopping experience is likely to be all about the consumer, from start to finish. Buying and returning merchandise will be different โ more consumer focused, more technology enabled and just plain easier.
_ CLEVELAND - Abercrombie and Fitch is again under fire for the sizes of clothing its stores stock, and a Los Angeles filmmaker has made waves for his satiric video that seeks to โtransformโ the companyโs brand. Greg Karberโs YouTube video called...
New York -- Cache reported Tuesday a loss of $18.5 million for the first quarter, widened from a loss of $1.2 million in the same quarter last year. An income tax provision of $10.2 million and employee separation costs were cited as reasons for the...
The next big environmentally minded startup may be funded by an unlikely source: Patagonia. The clothing giant recently decided to launch an internal venture fund, called $20 Million & Change, that will invest in startups working to make the world a better place via the clothing, food, water, energy and waste industries. Patagonia has never been a traditional clothing company. It's always cared more about environmental impact than most of its counterparts. Last year, the company went so far as to launch a campaign asking customers to buy less stuff.
Amazon.com yesterday launched its virtual currency program, dubbed Amazon Coins. To kick things off, Amazon is providing all Kindle Fire owners with 500 free Amazon Coins, which are worth $5. "You can use the coins to buy apps and games, as well as items inside apps and games," Amazon said in a note on its homepage. Amazon also said Amazon Coins are available to purchase at a discount, for savings of up to 10 percent depending on how many coins you purchase.
The power of a CEO to make (or break) a brand can never be overestimated โ even in an interview that took place seven years ago. That's just what has happened in the case of Abercrombie & Fitch: an incredibly ill-advised interview that A&F CEO Mike Jeffries granted to Salon magazine in 2006 has found new life on the internet. And if his comments โ including that he only wants the young, beautiful and thin to wear his clothes โ were insensitive and politically incorrect then, today they're practically an invitation to riot.
Gap Inc. said itโs close to signing a fire and building safety plan for Bangladesh garment factories after one of the worst fatal factory collapses sparked outrage in the country. The San Francisco-based retailer, along with several others, came under...
Los Angeles -- CBRE Group released research findings on Tuesday that showed Hong Kongโs continued top position as the worldโs most expensive global retail market, recording prime rents nearly 150% higher than New York City. London ranked third, with...