Madewell’s double-digital growth is buoying the J.Crew Group as sales at its namesake brand continue to dwindle. President Libby Wadle explains why Madewell is working, and how she plans to keep the momentum going.
With consumers expected to buy less this holiday season, categories poised to outperform the industry include off-price and personal care. But brands can still appeal to shoppers by conveying a sense of value, whether through discounts or a point of differentiation.
More than a handful of brands confirmed reports of chronic late payments that sparked some vendors to halt shipments to the US department store. Owner Hudson’s Bay Company said it raised $340 million to help fund its retail operations.