Apparel Retail
Old Navy CEO to exit as parent company Gap cuts sales guidance
An employee hands a customer a shopping bag at an Old Navy Inc. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. announced Thursday that the CEO of its Old Navy division, Nancy Green, is leaving her post this week. Gap Chief Executive Sonia Syngal will work closely with the […]
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Lululemon is shooting for the moon, but Wall Street isn’t convinced it can get there
A woman jogs past a Lululemon retail store. Bloomberg | Getty Images Lululemon is setting lofty goals for growth in the next five years and laying out for analysts exactly how it plans to get there. But not everyone on Wall Street is sold. Lululemon shares shed 4.8% on Wednesday after the leggings maker announced […]
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Lululemon will debut monthly memberships for clothes, events and classes in a bid for loyal customers
Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon is launching a membership program — and it’s about more than workout clothes. The athletic apparel retailer will debut two tiers of memberships, one free and one paid, in a bid to build a stronger base of loyal customers. The […]
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Lululemon aims to double sales to $12.5 billion by 2026, eyeing even bigger men’s business
A customer looks at athletic apparel inside a Lululemon store. Xaume Olleros | Bloomberg | Getty Images Lululemon aims to double its 2021 revenue in the next five years, putting it on track to hit $12.5 billion in sales by 2026, as the retailer rides a wave of Covid pandemic-fueled demand for workout clothes. Lululemon […]
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Lululemon is a buy as apparel maker has momentum beyond pandemic, Truist says
Shares of Lululemon are poised to do well even as the world emerges from the Covid-19 pandemic, according to Truist. Source
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Rent the Runway CEO sees inflation as a competitive advantage for the company
Rent the Runway sees the more than 2 million weddings planned for this year, and all the parties that come with them, as being a massive boon to its business. Plus, according to co-founder and Chief Executive Jennifer Hyman, Rent the Runway is reaping the benefits of consumers seeking value and stability during times of […]
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UBS expects 50,000 store closures in the U.S. over the next 5 years after pandemic pause
A pandemic shakeup in 2020 led to a surge in store closures, coupled with dozens retailers filing for bankruptcy, which emptied out shopping malls and left vacancies scattered along the streets major markets including New York City. The aftermath, though, was a temporary relief from closures, as companies took the chance in 2020 to quickly […]
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Lululemon launches a trade-in and resell program as shoppers grapple with inflation
Lululemon will debut a trade-in and resale option for its gently used leggings, tops and jackets later this month following a successful pilot program prompted by rising consumer prices and a commitment to sustainable purchasing. The rollout of Lululemon’s “Like New” program comes after the retailer tested the so-called re-commerce platform for customers in Texas […]
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Target tiptoes back into resale with new ThredUp deal, as it makes sustainability push
Target ThredUp website Source: Target Target is tiptoeing back into secondhand sales through a deal with resale company, ThredUp. The big-box retailer confirmed Friday that it launched a page on ThredUp’s website in late March that includes listings of women’s and kids’ apparel, along with accessories. Some items are from Target’s private labels, such as […]
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Is a recession on the way? These unconventional economic indicators may provide some clues
The completion of the world’s tallest buildings is said to be one less conventional indicator of an economic downturn. Pictured here on April 3, 2022, is the Merdeka 118 tower in Malaysia, which was completed at the end of the 2021 and is said to be the world’s second tallest skyscraper. Sopa Images | Lightrocket […]
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