Gap to Conduct Layoffs, Cutting 1,800 Corporate Jobs
The cuts, which are expected to result in $300 million in annualized savings, are happening mainly at the retailer’s San...
Clothing Stores
This Department-Store Stock Has Trounced Apple, Amazon and Tesla
Family-controlled Dillard’s has combined share buybacks with keeping costs down, inventory tight and staff engaged with “nearly fanatical” customers. Source...
Energy CEO Fights Climate Science. And LinkedIn. North Face, Too.
Liberty Energy CEO rails against what he says is an alarmist call for a transition away from fossil fuels. Source...
WSJ News Exclusive | Ryan Cohen Takes Stake in Nordstrom
The activist investor plans to urge Nordstrom to refresh its board and replace the former CEO of Bed Bath &...
Lululemon Shares Tumble on Profit Warning for Holiday Quarter
The athletic-gear maker’s earnings targets came in below Wall Street’s expectations. Source link
The Executive Who Made Winter Gear High Fashion
In Personal Board of Directors, top business leaders talk about the people they turn to for advice, and how those...
Stitch Fix to Cut 20% of Salaried Jobs, CEO Stepping Down
The personal shopping and styling company’s chief executive, Elizabeth Spaulding, had been in the position for less than 18 months...
Layoffs Hit White-Collar Workers as Amazon, Walmart, Others Cut Jobs
BusinessRecent wave of job cuts marks departure from previous downturns when blue-collar workers were shed first Source link
Gieves & Hawkes, Tailor Favored by British Royalty, Secures Rescue
The Savile Row suit maker is back in British hands after five ill-fated years of Chinese ownership that threatened its...
Macy’s, Kohl’s Sales Drop as Shoppers Delay Holiday Buying
Both department store chains said the outlook for the important year-end quarter remained uncertain. Source link
Kohl’s CEO Michelle Gass Resigns to Join Levi Strauss
CEO Michelle Gass has been under attack from activist investors for sales declines and a steep drop in the department-store...
WSJ News Exclusive | Fast-Fashion Juggernaut Shein’s Sales Close In on Zara, H&M
Online retailer Shein is on track to generate revenue of $24 billion this year, according to people close to the...
Skechers Says Kanye West Escorted From Office After Showing Up Uninvited
BusinessFootwear company says it ‘is not considering and has no intention of working with West’ Source link
Want to Get Ahead? Pick the Right Company
Retail workers at Gap Inc. GPS 3.25% are significantly more likely to become managers than at other companies in their...
Naver to Acquire Poshmark in Deal Valued at $1.2 Billion
Poshmark is a social marketplace for new and used clothing. Photo: Michael Nagle/Bloomberg News Updated Oct. 3, 2022 7:47 pm...
Inventory Pileup, Uneasy Shoppers Put Retailers in Jeopardy
For retailers, it is a season of discontent.From Walmart Inc. to Nordstrom Inc., retailers have a glut of inventory and...
Victoria’s Secret, Gap Suffer as Shoppers Shift From Apparel
The results, following lackluster earnings reports from many department stores and big-box chains, were weaker than investors had expected. Victoria’s...
Target’s Profit Sinks as Retailer Unloads Unwanted Inventory
A glut of inventory sank profit at Target Corp. further than it expected, sparking investor concerns about the company’s response...
Victoria’s Secret Is Trying a New Look. Can Customers Be Convinced?
Victoria’s Secret VSCO 4.16% spent the last year trying to shift from a brand associated with the male gaze to...
Gap CEO Sonia Syngal Is Stepping Down
Gap Inc. GPS -1.57% replaced chief executive Sonia Syngal after a little more than two years on the job, making...
