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.
The retailer says it has a whole new kind of Black Friday — five days of deals. It’s a move away from the late-night stampedes and #WalmartFights.
Do these people look familiar?
Mike Jeffries, who built up Abercombie’s sex-meets-Ivy League aesthetic in the 90s, is the focus of a shareholder lawsuit claiming poor governance at the fashion chain.
More than 13 years after the Sept. 11, 2001, terrorist attacks, Conde Nast will begin moving in to the new One World Trade Center.
So long, and thanks for all the maxi skirts. The teen retailer is performing horribly by every measure, and soon could be delisted from the Nasdaq.
The social network says it is best equipped to get users to buy certain products this holiday season.
After months of sluggish sales, the company is offering huge discounts to clear out its fall line. Wall Street analysts say the clothes are simply too drab to drive purchases.
As incomes stagnate or fall for the majority of Americans, a store where everything costs $5 or less is booming. Its promise? “A store that every kid in America could afford.”
Marvin Ellison was executive vice president of stores at Home Depot and spent years at Target prior to that. There are currently just six black CEOs leading Fortune 500 companies.
The company is opening a brick-and-mortar store of sorts in New York City, reports The Wall Street Journal. It’s not clear whether it’ll be a hub for online orders or display its own goods.
Gap has had a decent past two-and-a-half years. The retirement of Glenn Murphy, 52, comes as a surprise.
Only a year ago the retailer was facing talk of bankruptcy, but today, it said it’s back on track. And importantly, it has no plans for store closures — a relief for its employees.
The move will affect 2% of the company’s U.S. workforce, Walmart said on its blog today. Walmart is the nation’s largest employer.
More retailers are getting in on same-day delivery this holiday season. The economics of the business finally make sense, experts tell BuzzFeed News.
The people buying vinyl grew up with Spotify, Pandora, and Napster.
Can combining algorithms, stylists, and mail create a DIY–personal shopper hybrid for the masses? Stitch Fix’s entire business depends on it.
The company disclosed today that 56 million cards were affected in the cyberattack it began investigating on Sept. 2.
Fact*: dog business accounts for 76% of the world’s revenue. *Not a fact but SHOULD be.
The Kent State sweatshirt that appeared bloodstained is the latest in a string of offenses for a chain struggling to regain its cool.
The failed ’90s beverage will be sold exclusively through Amazon. Coca-Cola cited a Facebook group called “The Surge Movement” as one reason it’s reintroducing Surge. Update: Surge is available again after the first batch sold out.
The company has “substantial doubt about our ability to continue as a going concern.”
A long-broiling lawsuit between Snapchat, its CEO and CTO, and ousted co-founder Reggie Brown, has been settled. The company dropped the news during Apple’s launch event today.
Citigroup sees a $10 billion market in four years. Dumb watches keep selling too.
Move will allow users to make purchases from tweets within a couple of clicks.
Patagonia CEO Rose Marcario spoke with BuzzFeed about why she left private equity, how business can do well by doing good, and the future of consumption.
Guys, let’s manage expectations on the bleeding edge, yeah?