Black Friday weekend is the year’s biggest promotional event for most major U.S. retailers, and yet there are prominent holdouts ignoring it — or at least being discreet about their specials.
About 821,000 workers will be hired for retail seasonal jobs this year, up 11 percent from a year ago and the highest since records were started in 1990, estimates Michael Niemira, founder of economic forecasting firm The Retail Economist LLC.
Tiffany & Co., the world’s second- largest luxury jewelry retailer, missed third-quarter profit estimates and cut its forecast after sales in Japan and other Asian markets slowed.
BoF speaks to Art Peck, incoming chief executive of Gap Inc., to discuss his 10 years of experience at the American fashion giant and his imminent take over from Glenn Murphy at a critical juncture in the company’s history, amidst a market landscape being reshaped by digital technology and fast-fashion competitors.
Check out this week’s new partners and job postings on BoF Careers, the global marketplace for fashion talent.
Critics of Gap Inc.’s Old Navy won concessions from the clothing chain after complaining that they were overcharged for women’s plus-size jeans.
Gap Inc., the biggest U.S. apparel- focused retailer, cut its annual profit forecast as sales at its namesake brand continue to struggle.
Perry Ellis International Inc. on Thursday reported a loss of $437,000 in its fiscal third quarter. The results fell short of Wall Street expectations.
Gap Inc. incoming chief executive officer Art Peck is overhauling management at the ailing Banana Republic and Gap brands.
Cosmetics retailer Sephora USA Inc has blocked the online accounts of scores of customers with Asian names because it suspected them of buying discount items in bulk to resell them, a new lawsuit claims.
EBay Inc is retooling its local delivery program and extending more logistics options to smaller merchants that make up the bulk of the e-commerce giant’s sprawling base of marketplace sellers.