Corporate News
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VF Corp explores sale of 9 brands
Plans to unload its occupational workwear assets come as the conglomerate reported an uncharacteristically weak quarter.
By Daphne Howland • Jan. 23, 2020 -
E-commerce could kill 30K stores and half a million jobs by 2025
A report from Euler Hermes details the destruction wrought in traditional retail as e-commerce grows, with jobs, stores and profits permanently lost.
By Ben Unglesbee • Jan. 23, 2020 -
Gap CMO reportedly exits after less than a year
Alegra O'Hare, who was tapped last February from Adidas, is leaving, and the company is said to be revamping the brand's marketing role.
By Daphne Howland • Jan. 23, 2020 -
Sally Beauty builds out its digital leadership team
The new hires, who are seasoned retail vets with experience at Ulta Beauty and Walmart, are part of a larger tech and social media effort for the company.
By Tatiana Walk-Morris • Jan. 23, 2020 -
Nordstrom to carry Kim Kardashian West's shapewear brand
The department store is delving deeper into a DTC strategy as the celebrity label is introduced to a new audience.
By Kaarin Vembar • Jan. 22, 2020 -
Express to shutter 100 stores
The retailer aims to return to its former glory as a style destination with merchandise that suits today's more casual fashionistas, executives said.
By Daphne Howland • Jan. 22, 2020 -
EBay lays off 102 Silicon Valley employees
Some analysts doubt the marketplace can continue to grow while losing share and point to rising competition and weak past performance.
By Daphne Howland • Jan. 22, 2020 -
Best Buy CEO under scrutiny over allegations of inappropriate conduct
The company's response signals the increasingly low tolerance for improper behavior from executives.
By Daphne Howland • Jan. 21, 2020 -
Tailored Brands to sell Joseph Abboud brand for $115M
Brand management firm WHP Global will take the opportunity to expand the label globally, as the designer himself moves on.
By Daphne Howland • Jan. 21, 2020 -
Walmart's US leadership gets another shakeup
The retailer named Scott McCall as chief merchant following Steve Bratspies' departure from the company, among several other moves.
By Ben Unglesbee • Jan. 21, 2020 -
Nordstrom brings the department store into the 21st century
The retailer has constructed a diverse ecosystem in New York City. Its fate may be a test for the whole segment.
By Daphne Howland • Jan. 17, 2020 -
Papyrus parent to close all stores
The company's COO cited challenges in the retail sector and said the company had been working to avoid the outcome.
By Ben Unglesbee • UPDATED: Jan. 17, 2020 at 6:29 p.m. -
Who's minding the Gap?
The apparel company halted its spinoff of Old Navy, launching a new year intact but without a CEO and other key executives.
By Daphne Howland • Jan. 17, 2020 -
Rent the Runway to sell used garments through Nordstrom Rack
The new service, called Rent the Runway Revive, is the latest expansion in an ever-growing partnership between the two companies.
By Cara Salpini • Jan. 17, 2020 -
Target CIO: Build what will provide a competitive advantage, buy the rest
"You can't go anywhere and buy Target.com off the shelf," said CIO Mike McNamara, while speaking at NRF.
By Samantha Ann Schwartz • Jan. 17, 2020 -
Gap Inc. reverses plans to spin off Old Navy
Analysts in recent months had grown skeptical of the split, devised by former CEO Art Peck last year, and frustrated by a lack of details surrounding it.
By Daphne Howland • Jan. 16, 2020 -
Bose to close all US stores
All locations in North America, Europe, Japan and Australia will shutter, with the company citing that its products are increasingly purchased online.
By Kaarin Vembar • Jan. 16, 2020 -
Payless is out of bankruptcy — again — as it eyes US market
The shoe retailer has new management, and plans to build on its international business and grow again in North America as it exits Chapter 11 a second time.
By Ben Unglesbee • Jan. 16, 2020 -
Moody's warns department stores to brace for another tough year
More stores will have to close for the sector to regain its footing, the ratings firm said Wednesday.
By Daphne Howland • Jan. 16, 2020 -
Target 'stumbled' in the holidays as sales fell short
Even as comparables missed the retailer's expectations, Target boosted sales and market share in some key categories.
By Ben Unglesbee • Jan. 15, 2020 -
Under Armour taps celebrity athletes for global ad campaign
"We want to be a really quiet company and a really loud brand," founder and executive chairman Kevin Plank said at the NRF's Big Show.
By Dianna Christie , Daphne Howland • Jan. 15, 2020 -
Express cuts 10% of corporate workforce
The apparel retailer is embarking on a new growth strategy developed under the leadership of former Macy's merchandising chief Tim Baxter.
By Daphne Howland • Jan. 15, 2020 -
Walmart expands robots to 650 additional stores
That brings the tech to 1,000 total locations, but a spokesperson noted that the company views robots as "assistants to the associates and their jobs."
By Tatiana Walk-Morris • Jan. 14, 2020 -
Crate and Barrel halts holiday TV ads for the first time
At NRF's Big Show, CEO Neela Montgomery said the retailer refocused marketing dollars on social channels like Instagram.
By Caroline Jansen • Jan. 14, 2020 -
In reversal, Away's Steph Korey to take on co-CEO role
Former Lululemon executive Stuart Haselden was previously tapped to take over as CEO, but he will now share that responsibility with Korey.
By Cara Salpini • Jan. 13, 2020
