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Tag: Apparel Retail

The future of retail amid Covid-19

People wearing face masks walk past a sale sign on Oxford Street in London, England. NurPhoto The coronavirus pandemic is likely to change how and what consumers buy, forcing the retail industry to quickly innovate in a race that’s likely to squeeze smaller brands. Retailers were already under pressure prior to the pandemic, struggling to …

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Nike gets more exercise app users, and it’s driving online sales

Nike‘s stores might be temporarily shut due to COVID-19, but the sportswear giant is getting more people to sweat during stressful times. With many gyms like Equinox shut down, people are turning to its apps, and that is helping boost its e-commerce business.  “During a time of adversity around the globe, we’ve had to adjust …

Nike gets more exercise app users, and it’s driving online salesRead More

Hudson’s Bay CEO Helena Foulkes leaving later this month

Helena Foulkes attends the 2018 National Retail Federation Gala at Pier 60 on January 14, 2018 in New York City. Dia Dipasupil | Getty Images Entertainment | Getty Images Saks Fifth Avenue’s parent company is about to lose its CEO, as the high-end department store operator prepares to go private. Hudson’s Bay Co. Chief Executive …

Hudson’s Bay CEO Helena Foulkes leaving later this monthRead More

Macy’s is planning for a coronavirus hit, but ‘nothing to be concerned about yet’

Zhuying Hua, 40, of Rockville, is concerned about coronavirus and wears a mask while shopping. The store manager said the there was a huge decline in shoppers. Sarah L. Voisin | The Washington Post | Getty Images Macy’s warned investors Tuesday that the coronavirus outbreak, which has shuttered commerce across China and sent markets spiraling, …

Macy’s is planning for a coronavirus hit, but ‘nothing to be concerned about yet’Read More

Under Armour ‘lost it many years ago’

The founder of leggings maker Lululemon thinks the market for athletic apparel today is a four-way race between Nike, Adidas, Lululemon and Chinese apparel manufacturer Anta Sports. Notice what company isn’t on that list? Under Armour. “I think Under Armour kind of lost it many years ago,” Lululemon founder Chip Wilson, who is no longer …

Under Armour ‘lost it many years ago’Read More

Amazon partners with Future Retail to further push into Indian market

A food aisle at a Big Bazaar hypermarket, operated by Future Retail, in Mumbai, India Dhiraj Singh | Bloomberg | Getty Images Amazon is partnering with a leading Indian retail group as it continues its push into the world’s second most populous country. Under a new deal announced Monday, Amazon will become the official online …

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Retail stocks that could have a strong 2020

Some of the most beaten-down names in retail might end up being your best bets in 2020. That’s not to say there still isn’t reason to be wary about some of these companies. You’re taking a risk when you invest in a struggling business, especially in the challenged retail industry, which has faced management shakeups, …

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Ex-Walmart US CEO Bill Simon on how tech can shape retail in the 2020s

The impact of technology on brick-and-mortar retail is just getting started as the 2020s arrive, former Walmart U.S. President and CEO Bill Simon said Tuesday. And it may mean that by the end of the decade the days of carrying a pile of clothes into a dressing room are gone. “Could we have virtual changing …

Ex-Walmart US CEO Bill Simon on how tech can shape retail in the 2020sRead More

Mavericks player Doncic signs Nike deal to endorse Air Jordan line

Luka Doncic #77 of the Dallas Mavericks warms up before the game against the Toronto Raptors on December 22, 2019 at the Scotiabank Arena in Toronto, Ontario, Canada. Mark Blinch / NBAE / Getty Images Twenty-year-old Dallas Mavericks player Luka Doncic, who is originally from Slovenia, grew up admiring Michael Jordan — as many do. …

Mavericks player Doncic signs Nike deal to endorse Air Jordan lineRead More