From stalwarts like T.J. Maxx and Nordstrom Rack to venture-backed newcomers and online luxury resellers, a multitude of discount retailers are all vying for a piece of the growing off-price market, which will thrive amid the lingering global recession.
Investors like the new breed of fashion companies that have an Instagram-fuelled intimate relationship with their customers.
The Canadian-American department store conglomerate is flattening its hierarchy across businesses, realising more than $350 million in annual savings when the changes are fully implemented.
Nearly nine months after its acquisition of the flash-sales pioneer, president Jonathan Greller, chief merchant Kristen Sosa and HBC chief executive Jerry Storch discuss how Gilt Groupe fits into the company’s greater strategy.
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.