The company’s new CEO, Paula Schneider, recently responded to a series of mass emails sent to employees by an anonymous insider. The emails were critical of American Apparel’s new management and the hedge fund backing the company.
Under former CEO Mike Jeffries, Abercrombie & Fitch developed a hyper-specific look for its customers and its employees. That look has now stumbled its way into the Supreme Court.
The “off-price” channel, home of discounted designer goods, is the place to be in retail. Macy’s plans to pilot a new off-price chain as well as expand its Bloomingdale’s outlet locations.
Wal-Mart’s announcement that it will raise its minimum wage came as the retail industry faces a rising number of workers quitting their jobs. Better pay is one way retailers can keep the people they already have, rather than constantly hiring new ones.
The retailer is America’s biggest private employer. Its minimum wage will rise to $9 an hour this year, and $10 an hour in 2016.
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In 2015, an Affordable Care Act provision requiring large employers to offer health insurance to staff working more than 30 hours a week kicked into effect. Now, some part-time staff at Staples say management has become extra vigilant about limiting their hours.
In the clothing and accessories business alone, eight big-name bankruptcies and closures have hit the retail industry the last two months, shutting more than 1,000 stores. The closed doors are symptoms of a bigger problem: America simply has too many stores.
The company has been teetering on the edge for years.
Glu Mobile, the company behind “Kim Kardashian: Hollywood,” says it’s repeating its formula with Katy Perry. (You know, the singer who was the backup act for Left Shark at the Super Bowl.)
The almost 40-year-old purveyor of prom dresses filed for bankruptcy this morning.
The chain is eliminating the role of “creative director” for the Gap brand. Incoming CEO Art Peck is coming in with a bang, after critics described Gap’s lineup as “dull and uninspiring.”
Marc Lore, who sold his company to Amazon for $500 million, is willing to make one big promise about his new site: You won’t find a lower price anywhere.
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.