99 office cliches, translated.
99 office cliches, translated.
The electronics retailer said the decision comes after a “strategic review of our store footprint.” It’s kind of incredible it had so many locations for this long, at all.
The Wall Street Journal says the Japanese company approached private-equity-owned J.Crew about a potential purchase this week, citing a person familiar with the matter. Updated with Fast Retailing’s U.S. ambitions.
The teen retailer’s future direction will be determined over the next four months.
The owner of Gap, Old Navy, Banana Republic, Athleta, Piperlime, and Intermix said it will raise the current $7.25 minimum wage for its workers to $9 this year and to $10 in 2015. Update: Gap executive Art Peck tells BuzzFeed, “It’s coinciding with the national debate, but honestly, this was a business decision.”
Don’t forget to loop me on this one.
High-rise denim “hits the millennials because it’s cool and new and it hits the little bit older customer who just needs more coverage,” said Susan Kellogg, the VF president who oversees 7 for All Mankind, Splendid and Ella Moss. “Whenever a trend like that is so commercial it means money.”
A million dollars isn’t cool.
The controversial 45-year-old American Apparel founder has high hopes for the company despite its recent financial woes. He also says he isn’t stepping down anytime soon and that he doesn’t technically believe in “Made in the U.S.A.”
Comparable sales of Skinnygirl, acquired by Beam in 2011, plummeted 26% last year, by far the worst performer of the liquor company’s brands.
That would be 11% of its locations, the Wall Street Journal reported today, citing sources familiar with the matter. The chain will be a lot smaller than it was a decade ago.
After inclement weather in January led to weak mall traffic, retailers have another challenge to face: “the hidden heating ‘tax.’” KeyBanc analysts say the extra $50 to $200 in heating bills may cause consumers to pull back on discretionary purchases this spring.
Coffee. Commute. Coffee. Commute.
The teen retailer today promoted its chief financial officer, Jonathan Ramsden, to the role of chief operating officer. Abercrombie may be getting its house in order to court buyout offers.
The brand’s marketing incorporates the ideas that most American high schoolers believe they will be famous someday and that they use brands to build their identity.
As part of its 25th anniversary celebration this year, the news outlet is trying to pick the top CEOs for a program called “CNBC First 25.” The25 CEOs will be chosen with the help of an advisory board from a list of 200 nominees.
The retailer said today it will use its @jcpnews Twitter handle to “begin breaking information exclusively through this channel.” Some analysts are dismayed given J.C. Penney’s volatility in the past year. Update: J.C. Penney said it won’t tweet “material information” exclusively from the Twitter account at this time.
3VR is one of many companies selling “big data video-mining” to retailers. It can figure out a customer’s age, gender and mood, on a scale of 1 to 10, in real time.
Dorsey spoke at the National Retail Federation’s annual expo on Wednesday about the potential of receipts while pitching Square.
Jonathan Ramsden has gained more influence and decision-making authority at Abercrombie as CEO Mike Jeffries’ hold on the company grows more tenuous, sources told BuzzFeed.
Staples managers are now forbidden to schedule part-time associates for more than 25 hours a week, according to a Dec. 6 memo. A petition against the move is circulating saying the decision is based on the Affordable Care Act.
The cuts are expected to save the retailer $100 million annually.
J.C. Penney issued a three-sentence press release on its holiday performance today. The company didn’t include a single number, spooking analysts who cover the company and sending shares down 8%.
The retailer was selling a crop top patterned with the word “depression” from a brand with that name. It drew comparisons to a shirt it sold in 2010 that said “eat less.”
Vera Bradley, TJX, and American Eagle will be impacted the most based on their store count in the Northeast and Midwest, Citigroup analysts say.
Because people, especially young ones, are very into brands at a discount.
“We’re currently finding out who’s the big person and who’s the little person at the dinner table.” Plus, its Dec. 20 conference call gets fiery. Updates with Census data.
Promotions appear to be deeper than during the recession in 2008, a Nomura analyst writes.
Don’t do these things. Especially if you’re trying to make money!
Fast-growing business gets more funding, a representative confirms.