The brand is Gap’s smallest, with annual revenue of less than $100 million.
The “revenge retail” project by Tory Burch’s ex-husband made the filing Thursday after dismissing most of its employees at an impromptu Jan. 5 meeting.
The satirical news publication has now successfully predicted both Gillette’s five-blade razor and Overstock.com’s new line of business. H/t to HuffPo.
The world’s biggest retailer has been offering more and more in the way of financial services to its shoppers.
The chain follows DEB and Delia’s into the dark. The teen retailer has been circling the drain for the past year.
The chain had major issues in Canada that were well-documented by the business press in the past two years. Today it announced it will shut all 133 stores it operates there, in news that came as little surprise to Canadians.
The brand is figuring out how to translate itself into the future. Whether that involves going public remains to be seen, but the designer dropped some hints today.
The department-store chain is closing 39 stores this year, after shuttering 33 last year. Its troubles highlight a growing divide in the consumer economy.
The teen fashion retailer, under fire for giving workers a day’s notice they would lose their jobs, finally issued a statement on the layoffs this morning.
Former employees tell BuzzFeed News they got a day’s notice that they would be losing their jobs, even after repeatedly asking if their stores were closing.
The chain founded by Tory Burch’s ex-husband informed its employees today that it’s over.
“To borrow a millennial phrase, we’re on cleek,” said Taco Bell’s incoming CEO. “Not everybody knows what I’m talking about right now. That means you’re on point.”
The Federal Trade Commission is preparing for a New Year’s spike in weight-loss scams. This year’s highlights included a cream inspired by lobster hormones, and a magical pill that claimed to strip the calories from a plate of spaghetti.
A report by Solve Media says that 34% of the traffic on retail-specific websites came from bots, and more than half was “suspicious.”
Dov Charney, the founder of American Apparel, told Bloomberg News that he’s “down to” his last $100,000 and sleeping on a friend’s couch. How is that possible?
Ousted CEO Dov Charney told Bloomberg News that he’s been living on the Lower East Side on a friend’s couch. He also plans to “sue everyone,” as per the report. Updated with comment from Standard General.
The teen retailer has been terrible at identifying its core customer. And as dELiA*s and DEB Shops liquidate, it doesn’t have much time left to get it right.
New York Attorney General Eric Schneiderman’s office has sent cease-and-desist letters to retailers including Wal-Mart, Amazon and Sears for allegedly selling prohibited toy guns to New York residents.
More than 30 employees signed a letter to American Apparel’s board in support of Dov Charney, who was officially fired Dec. 16. The letter, in full, is below.
The decision to fully boot Charney, who was still working for American Apparel as a paid consultant, comes after an internal investigation. The board suspended him earlier this year.
