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?
The beleaguered carrier is to cut around a third of its workforce as part of a restructure.
The move, another part of the retailer’s efforts to win back American teens, illustrates how dramatically Abercrombie has changed in the past decade.
The company continues to roll out several business-focused products as it ramps up its advertising business.
“Let your actions speak louder than your clothes,” the clothing chain urges customers. BuzzFeed gets a first look at Gap’s fall campaign.
Hukkster, the discount-tracking app backed by Cameron and Tyler Winklevoss, was dying but managed to find a savior in Marc Lore’s Jet.com. A tussle over a small sum of money led to the deal — and Hukkster — getting killed.
That would be almost 8.5 million pairs of $100 yoga pants.
The company, which is merging with Alliance Boots, will not move its headquarters overseas for billions in tax savings. President Obama called such maneuvers, known as “corporate inversions,” unpatriotic.
Robert Hanson started as CEO of John Hardy on Aug. 1.