The brand is Gap’s smallest, with annual revenue of less than $100 million.
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.
In Los Angeles County’s West Hollywood municipality, city officials passed a law that mandates all single-stall bathrooms in businesses and public areas be gender-neutral.
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.”
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.
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.
Gary Friedman, Restoration Hardware’s chairman and CEO, filmed an unusual video for Wall Street yesterday.
Hinge, the fast-growing mobile dating app that looks to connect friends of friends (and their friends), just raised a fresh $12 million to expand.
The struggling teen brand’s CEO laid out his thoughts on how to rehabilitate the company yesterday, saying Aeropostale is the uniform teens wear to feel cool.
The company has been testing putting outposts of its kids clothing chain in stores meant for teens and adults. Critics question whether it’ll interfere with its other strategy of attracting college-age shoppers.
“I don’t think I got that email.”
Early start times and heavy discounts didn’t compel the same crowds as in the past. The flop raises questions about the value of store openings on a cherished national holiday.
Old Navy is open for 31 straight hours this Black Friday. The only way to truly understand the reality of a 31-hour workday is to dive in at its darkest hour. So I did.
The most successful animated film of all time will result in hundreds of millions in sales for retailers. It could even knock Pokémon from its two-decade stint as the king of all kids.
President Obama’s executive actions don’t change the fact that thousands enter the country every year. And that means good business for companies like B.I. — which sells GPS trackers.
The sales really take place on Thanksgiving and Saturday now. But do you really want to go shopping on Thanksgiving?
The chain, a “revenge retail” project by Tory Burch’s ex-husband Christopher, is closing up to 20 of its 32 locations and transitioning into a wholesale brand, BuzzFeed News has learned.
Gap’s soon-to-be CEO acknowledged the campaign is a “work in process,” but the company is “really excited about elements of it.”
In his first interview since being tapped as Gap Inc.’s new CEO, Art Peck tells BuzzFeed News the company is facing the biggest change in retail since the rush to the suburbs and rise of big-box stores in the 1950s and 60s.