Management
Gap Inc. announced yesterday that it has ended plans to spin off its Old Navy brand, reversing a strategy announced less than a year ago. The plan was unveiled last year as a way to give Old Navy, Gap's faster-growing budget brand, space to maneuver as its own company. At the same time, the plan would have…
Away co-founder Steph Korey, who stepped down as CEO following reports of her role in creating a toxic culture, is back at the helm of the luggage startup. The original plan was for lululemon COO Stuart Haselden to take over yesterday and, in a way, he has. Haselden will now be co-CEO along with Korey. In an…
Online mattress company Casper Sleep on Friday filed regulatory paperwork to take the company public, according to a CNBC report. Casper Sleep would be listed on the New York Stock Exchange under the ticker symbol “CSPR.” In the filing with the Securities and Exchange Commission (SEC), Casper said it plans to use the proceeds to fund…
Pier 1 Imports said yesterday that it intends to close up to 450 locations, or almost half its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors. Pier 1′s losses have been mounting as its sales decline. And this latest quarter was no exception. Its third-quarter loss widened from a year…
Hudson’s Bay Co. (HBC) announced on Jan. 3 that it has entered into an agreement with a group of existing shareholders led by HBC chairman Richard Baker to purchase HBC common shares held by the company’s minority shareholders for $11 Canadian dollars per share. HBC's largest minority shareholder, The Catalyst Capital Group, has voted in favor of the go-private…
2019 was certainly a big year for retail news. Here's a look at the top news stories published by Total Retail in 2019, ranked by number of page views.
Bed Bath & Beyond announced the departure of six senior executives from the company on Tuesday, reports CNBC. The extensive change in leadership is the first major move by the retailer's new CEO, Mark Tritton, who is known for his successful run leading merchandising at Target. Tritton joined Bed Bath & Beyond in early November.…
Labor compliance issues have long plagued the retail supply chain, from sourcing to brick-and-mortar employee operations. Consider the tragedy at the Triangle Shirtwaist Factory in 1911, perhaps one of the most well-known labor compliance fiascos in the retail industry’s history, which was a direct result of abhorrent worker conditions. Thankfully, compliance issues of this caliber…
Bonobos founder Andy Dunn said on Thursday he would leave Walmart in January, more than two years after the world’s largest retailer bought his online menswear brand for $310 million. In a LinkedIn post, Dunn, currently the senior vice president of digital consumer brands at Walmart U.S. eCommerce, said that when he joined Walmart in the…
Clothing and accessories rental subscription service Rent the Runway has teamed with Marriott International’s W Hotels brand to launch a rental experience at four locations: W Aspen in Colorado, W South Beach in Florida, W Washington D.C., and W Hollywood in California. RTR Closet Concierge, which launched on Dec. 5, enables visitors to these hotels…