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True Religion has agreed to be acquired by investment management firm TowerBrook Capital Partners in a deal worth about $835 million. TowerBrook will pay $32 per share in cash, representing a premium of about 9 percent to True Religion's closing price on May 9, 2013. The company's board unanimously approved the deal and recommended that shareholders vote in favor of the transaction, which is expected to close in the third quarter.

Wet Seal agreed to pay $7.5 million to settle a federal racial discrimination lawsuit that accused the retailer of firing black employees because they didn’t fit the retailer’s “brand image.” The NAACP Legal Defense and Education Fund represented the plaintiffs in the class-action effort. The lawsuit alleged that former top Wet Seal executives denied equal pay and promotion opportunities to black store managers or removed them outright, replacing them with white employees.

BRISBANE, Calif. — Bebe has named global entrepreneur Narry Singh to the company’s board of directors. Singh has been an entrepreneur, hands-on executive, adviser and deal-maker for more than 20 years, with a focus on launching and growing businesses...

European apparel retailer H&M and Inditex, parent company of fashion retailer Zara, are signing on to the Bangladesh Fire and Building Safety Agreement, an independent, legally-binding agreement to guarantee safe working conditions in the Bangladeshi...

By Alain Sherter / MoneyWatch/ May 13, 2013, 3:46 PM A Bangladeshi family member cries as she holds up the portrait of her missing relative, believed to be trapped in the rubble of an eight-storey building collapse in Savar, on the outskirts of Dhaka,...

comScore released its estimates of the 2013 U.S. retail e-commerce sales for the first quarter. Sales grew 13 percent year-over-year to $50.2 billion, marking the 14th consecutive quarter of positive year-over-year growth and 10th consecutive quarter of double-digit growth. It was also just the second quarter on record to surpass $50 billion in spending.

Atlanta -- Aaron's has appointed Robert W. Kamerschen as the company’s senior VP and general counsel. Kamerschen will be responsible for managing all legal and governmental affairs for Aaron's, including employment law, regulatory matters, intellectual...

Is there such a thing as having a launch go too well? That was nearly the case with Warby Parker when the über-trendy eyewear company began its try-at-home program. "We launched with these features in GQ and Vogue, and within 48 hours we were stocked out of all our home try-on inventory," co-founder Dave Gilboa tells TechCrunch. "We had a wait list of 20,000 customers for home try-ons. We kind of freaked out and didn't know what to do." 

CONSHOHOCKEN, Pa. — Former Gap executive Pamela B. Wallack has been named CEO of David’s Bridal, a U.S.-based specialty retailer of bridal gown and wedding-related apparel and accessories. The specialty retailer is looking to leverage Wallack’s...

Privacy advocates have an entirely new worry to keep them awake at night. National retailers like Nordstrom and Home Depot, working with a company called Euclid Analytics, have devised a method for tracking shoppers in their stores. The service identifies shoppers' smartphones by requests the devices make for Wi-Fi, even if they aren't connecting to the store's network.