You'd be hard-pressed to find a fashion brand that hasn't at least toyed around with the idea of wearable tech — from all-American lifestyle companies like Ralph Lauren, Michael Kors and Tory Burch, to cooler, more directional ones like Opening Ceremony and Gucci. But aside from a few exceptions (BaubleBar, for example), there hasn't been…
It was just over a year ago that the Apple Watch was slated to be unveiled, and the internet rumor and analysis machine was running in overdrive. Wall Street-types weighed in on whether the new gadget could propel the world’s most valuable company to greater revenue and an even higher stock price. Tech geeks were…
With no relief in sight from its chronic sales declines, Gap Inc will need to close a lot more namesake stores on top of the dramatic shrinking of its fleet in recent years, according to a Wall Street analyst. Earlier this month, the company reported comparable sales fell 3 percent in March, the 23rd month without…
At the start of 2016, Wal-Mart, the world’s largest company by revenue, announced that it would close 269 locations around the world. Macy’s also plans to close 40 stores this year. In part, industry analysts blame closures like these on what they see as a larger retail shift toward online shopping. And with the growing…
To get back to their pre-recession productivity peak, the nation’s top department stores would have to close hundreds of locations, according to a leading real estate analysis firm. Chains such as Sears, J.C. Penney and Macy’s have been hit by a double whammy: the loss of market share to Amazon and specialty stores, coupled with chronic…
Eddie Lampert is not just axing unprofitable stores these days. The hedge fund mogul, who controls Sears Holdings, is shutting the department store’s 154-employee New York apparel design office. The office is slated to close in July, a Department of Labor filing revealed. Sears will move roughly 40 positions to an existing site in San Francisco — the…
Trying to cut its way to profitability, troubled Sears Holdings announced Thursday that it will close 68 Kmart and 10 Sears stores this summer in its latest move to cut losses. Sears' move comes atop a previous announcement that it will close 50 other stores. Sales have been falling and Sears had a disappointing holiday sales season.
It's been a year since Target's collaboration with Lilly Pulitzer broke the internet and immediately sold out in stores. Yesterday, the retailer's line with Finnish design house Marimekko hit stores, and early signs show the collection of graphic beach accessories and dinnerware won't cause as much pandemonium.
Last week, Victoria’s Secret announced an adjustment to its marketing approach, in which its iconic catalog will be “de-emphasized,” and 200 people were laid off as the company reorganizes to focus on lingerie, cosmetics, and the Pink brand. You could look at it as a minor course correction. Catalog, in the traditional sense of the…
Enter any SoulCycle or Pure Barre class and you’re bound to see someone wearing lululemon athletica. When thinking of lululemon, you envision activewear like stylish yoga pants and patterned sports bras. The company, also referred to as lulu by its customers, has more than 300 stores selling the technical athletic apparel. However, lululemon revealed a…
