Tag: Apparel Retail

Activist investor Jana Partners takes stake in Macy’s, urges spin-off of digital biz

Macy’s store in Herald Square in New York. Scott Mlyn | CNBC Activist investor Jana Partners has taken a stake in Macy’s and sent a letter to the department store chain’s board on Wednesday urging it to separate its e-commerce business, a person familiar with the matter told CNBC. The person said Macy’s online business […]

Read More

Cotton prices just hit a 10-year high. Here’s what that means for retailers and consumers

A cotton field Scott Olson | Getty Images The last time cotton prices were this high, it was July 2011. “In 2011, we needed a prayer meeting,” Levi Strauss Chief Executive Chip Bergh told investors on an earnings call Wednesday. Bergh recalled how he had just joined the denim retailer and was learning his way […]

Read More

Retailers bid farewell to layaway, as shoppers embrace buy now, pay later options

Supply chains are snarled and manufacturing is constrained. For weeks, headlines have been telegraphing a clear message to shoppers: This holiday season shop early. In years past, early bird shoppers may have turned to layaway plans to reserve holiday gifts and pay for the purchases over time. But many retailers — including the nation’s largest, […]

Read More

More hours, pay and flexibility: What Target’s holiday hiring plans say about the labor market for retailers

Target said Thursday that it is taking a different staffing approach this holiday season as it gears up for a rush of shoppers at stores and on its website: It will trim back seasonal hires and give more hours to existing employees. In all, the discounter said it expects current store staff — about 300,000 […]

Read More

Stitch Fix shares surge as online styling service reports surprise profit

The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix shares jumped 14% in extended trading Tuesday after the online […]

Read More

American Eagle shares drop after revenue falls short, e-commerce sales slow from last year

A shopper walks past an American Eagle store in the mall. Tim Boyle | Getty Images News | Getty Images American Eagle shares tumbled Thursday after the company reported fiscal second-quarter revenue short of analysts’ estimates, as its e-commerce business decelerated compared with the prior year. Its shares were down 9% in premarket trading on […]

Read More

Shoe brand Hoka to open first retail stores as running category sees explosive growth

Hoka’s sales recently surpassed those of its sister brand Ugg for the first time in Deckers’ history. Source: Hoka Sneaker brand Hoka, famous for its cushioned running shoes, is opening its first-ever retail locations Wednesday as it bets on bricks and mortar to help fuel greater growth for parent company Deckers. Hoka President Wendy Yang […]

Read More

Topps SPAC merger with Mudrick Capital dies because MLB killed 70-year-old trading card deal

Topps’ baseball cards from the 2016 season are on display during the “Open Topps Baseball Series 1 Cards ” event at the Topps’ offices on February 10, 2016 in New York City. Kris Connor | Getty Images Mudrick Capital Acquisition Corporation II said Friday its SPAC merger with The Topps Co. “has been terminated by […]

Read More

Goldman recommends Foot Locker shares, sees 19% gain from here as store remains key partner for Nike

Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Many traditional retail outlets may be struggling to compete with direct-to-consumer efforts from major brands, but Foot Locker is proving that it will be a long-term player and its stock will […]

Read More

Nike could run out of sneakers made in Vietnam as Covid crisis worsens, S&P Global warns

File photo showing workers in a Nike factory near Ho Chi Minh City work at a production line conveyor belt, putting together Nike sports shoes. Peter Charlesworth | LightRocket | Getty Images Nike is at risk of running out of sneakers made in Vietnam as the Covid crisis worsens around the global, according to a […]

Read More