Roughly 50 percent of Abercrombie & Fitch's 745 U.S. retail store leases are up for renewal over the next 18 months, the company said Friday. With profits under pressure, this window gives management the opportunity to continue pruning the company's footprint without being penalized for exiting space early. Though management didn't outline how many of its…
Consumers have options, and they know it. Brands need an intelligent order management system to fulfill orders profitably.
That time of year is fast approaching — the time when consumers flock to shops to buy presents for loved ones. It’s also a time when retailers are swept off their feet with all of the things they need to do to keep their shop functioning over the festive period. That’s why it’s time to start…
Rent the Runway is opening its first store-within-a-store tomorrow inside Neiman Marcus in Union Square, San Francisco, and plans to open more by the end of 2017.The Rent the Runway pop-up store inside Neiman Marcus will feature a curated, rotating inventory of over 400 designers, personal stylists, an in-app concierge for hand delivery and courier…
Barricades line Fifth Avenue between 56th and 57th Streets in New York City outside of Trump Tower as protesters show their disapproval for President-Elect Trump and security personnel work to keep the area safe. World-famous retailers like Tiffany & Co. and Gucci are hurting because of the security increase. New York City Mayor Bill de…
Macy's is gearing up for the holiday season and New Year in a big way. The retailer has announced plans to expand its off-price Backstage concept. The Cincinnati Business Courier reports Macy's plans to more than double the number of Backstage locations over the next year to 45. The retailer is also switching up its offerings;…
Kenneth Cole is shutting down its outlet stores within the next six months. The fashion retailer will be closing its 63 outlet stores, leaving it with only two full-priced stores in the U.S. Kenneth Cole CEO Marc Schneider says the company is closing its outlet stores to "focus its efforts on its e-commerce site and international…
American Apparel filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. The second bankruptcy comes as the retailer struggles to overcome years of losses and rising online competition. Separately, Canadian apparel maker Gildan Activewear Inc said…
Americans are more burdened by student loan debt than ever before. Statistics show that about 44 million borrowers owe a collective debt of $1.3 trillion, and the class of 2016 just graduated with an average debt of $37,172 — up 6 percent from last year. Earlier this year, The Wall Street Journal reported that many of…
Accounting giant KPMG announced on Tuesday that it has been appointed as administrator in charge of American Apparel’s retail and wholesale business in Britain, likely meaning that the retailer will be closing its U.K. stores. American Apparel is up for sale, but operations in the U.K. and other parts of Europe aren't part of the…
