The department store chain is closing 125 stores and opening a new small-format store concept. Analysts say pivoting away from struggling malls is a smart move.
The company plans to close stores in lower-tier malls, and explore new off-mall formats, as it looks to tackle plummeting mall traffic in the United States.
The Danish jewellery company expects its sales growth to fall between 3 percent and 6 percent this year, an improvement from last year’s 8 percent drop.
The shopping rituals of South Korea's digital-first youth offer sharp insights that can help shape a global strategy.
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The American denim label, which gets about 3 percent of its revenue from China, will take a near-term financial hit as a result of the epidemic.
The luxury online marketplace says it will use the money to expand in China.
The package carrier aims to keep pace with Amazon, which itself delivered 3.5 billion packages globally last year.
After a year of dismal sales growth, closures and bankruptcies, the multi-brand retailers still standing continue to face an uphill battle. Where’s the hope?
Under new ownership and management, the lingerie giant will have a chance to truly transform itself and reclaim the market share it lost to body positive competitors.
The move comes as the nearly $6-billion company faced slumping sales at the lingerie giant for at least four quarters.
Strikes against pension reform shut down much of the French public transport for weeks in December and January.
The department store’s Leeds and Bristol outlets will be converted to the Flannels brand in a shake-up under Mike Ashley’s Frasers Group, which purchased the chain when it was put into administration in mid-August.
Maggie Gauger is joining Lululemon as chief product officer as new CEO Heidi O’Neill looks to revive sales.
The company lost out in its third quarter because of a decision to market baggy jeans over low rise, but still raised its sales outlook for the year.
The Uniqlo owner hit a new record annual profit for the fifth year in a row, boosted by strong results in all regions.
The move extends British company’s push into sports brands following a recent purchase of Puma stock.
The retailer is investigating after users of its mobile app received a notification claiming hackers had ‘fully compromised’ company data.
The ultra-fast-fashion giant’s share price fell 12 percent after it reported a steep drop in first-half operating income in its inaugural earnings as a public company.
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.