Apparel Retail
Dollar Tree is exploring a sale of its Family Dollar brand
An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty Images Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close almost 1,000 Family Dollar stores in an attempt to revamp […]
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American Eagle profit soars, but stock sinks as sales grow slower than expected
An American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. American Eagle Outfitters Inc. is scheduled to release earnings figures on May 29. Stephanie Keith | Bloomberg | Getty Images American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak […]
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Are consumers pulling back on spending? It depends which CEO you ask
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t. The most recent […]
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Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud
Barbara Furlow-Smiles attends the 2020 Sisters’ Awards at Skirball Cultural Center on March 08, 2020 in Los Angeles, California. Robin L. Marshall | Getty Images A former diversity manager at Facebook and Nike was sentenced to five years and three months in prison for stealing more than $5 million from those companies that had been […]
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Ought to investors buy the dip in Lululemon? This is what this fund manager states
Shares of well known athleisure brand Lululemon have plummeted this 12 months, trailing the S & P 500 noticeably. Its shares, which ended up involved in the Wall Street index just previous Oct, are down all around 28% 12 months-to-date. Does that make it a very good bargain for investors correct now? Portfolio supervisor Jack […]
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Nike CEO blames remote work for innovation slowdown, saying it’s hard to build disruptive products on Zoom
Nike President and CEO John Donahoe. Source: Nike Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be disruptive when people are working from home. In an interview with CNBC’s Sara Eisen from Paris, Donahoe was asked about the company’s lack of fresh […]
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Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
Illuminated trademark of the American athletic footwear and apparel corporation Nike, Inc. seen on the Nike Store window in Antwerp, Belgium. (Photo by Karol Serewis/SOPA Images/LightRocket via Getty Images) Karol Serewis | Lightrocket | Getty Images Nike CEO John Donahoe acknowledged Friday that the company moved too far away from wholesale partners like Macy’s and […]
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Macy’s settles proxy fight with activist Arkhouse, adds two directors
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Department store Macy’s on Wednesday said it had settled its proxy fight with an activist group led by Arkhouse Management, and that it would add two new directors to its 15-person board. The reshuffle moves Macy’s closer to a […]
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Nike shouldn't mess with England flag, Uk PM states immediately after new soccer package style and design
Racks of England’s new Nike developed football shirt, with the controversial St George’s cross, are displayed for sale in a central London retail store on March 22, 2024. Daniel Leal | Afp | Getty Visuals LONDON — U.K. Key Minister Rishi Sunak on Friday reported Nike was mistaken to “mess with” the structure of the […]
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Hermes lawsuit claims luxury retailer reserves its famed Birkin bags only for its greatest spenders
A lady enters the Hermes Global retail outlet on Rodeo Travel in Beverly Hills, Calif. Patrick T. Fallon | Bloomberg | Getty Images Hermes is getting focused in a new lawsuit accusing the luxurious retailer of providing its coveted Birkin purses only to consumers who have put in exorbitant quantities of dollars at the retail […]
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