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Tag: Apparel Retail

Hudson Yards occupancy rates top estimates less than a year in

Developer Related Cos. says it expects more than 20 million to visit Hudson Yards annually. Source: Dior When the Hudson Yards megamall opened on the West Side of Manhattan roughly half a year ago, there were plenty of skeptics. And there still are. The development, a sprawling 1 million square feet of retail space, is …

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Adidas and Nike supply tactics abuse market dominance

An Adidas Store is shown at the Galleria Mall in Houston. Earl Gibson III | WireImage | Getty Images The sales and supply strategies of big sports brands such as Adidas and Nike should face government investigations, U.K. retail giant Sports Direct claimed. In a statement on Monday, the British firm accused global sports apparel …

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How Kohl’s is trying to keep its stores fresh ahead of the holidays

Kohl’s says it will swap out the six brands featured in the “Curated by Kohl’s” spaces on a quarterly basis. Source: Lauren Thomas, CNBC JERSEY CITY, N.J. — Kohl’s stores are getting a bit of a refresh and are being infused with new brands ahead of this holiday season. At a Kohl’s store here, the …

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Puma teams up with Cloud9 Esports in an apparel deal

Puma is trying to find a cheat code to boost its already fast-growing sales. The German sneaker maker announced a multiyear partnership with esports brand Cloud9 to create an apparel collection for gamers. The clothing will sell for $25 to $75 and be available for purchase on the websites of both companies. In January, Puma …

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The head of stores at Victoria’s Secret to step down, as layoffs mount

Pedestrians walk past a Victoria’s Secret LLC store, a subsidiary of L Brands Inc., in New York. Craig Warga | Bloomberg | Getty Images As L Brands’ Victoria’s Secret lingerie brand tries to right the ship, facing a sales slump, the company has laid off dozens of people at its home office this week. In …

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Walmart’s US president Greg Foran to depart, John Furner taking over

Walmart said Thursday that its president and CEO in the U.S., Greg Foran, is stepping down, to be replaced by the head of its wholesale Sam’s Club business, John Furner. Foran is leaving to become CEO at Air New Zealand Limited, the company said in a press release. The move will be effective on Nov. …

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Uniqlo-owner Fast Retailing faces uncertainty despite record profits

Customers exit a Uniqlo store, operated by Fast Retailing Co., in Tokyo, Japan. Akio Kon | Bloomberg | Getty Images Japan’s Fast Retailing could see a “period of slow growth” despite recently announcing record profits, according to one analyst that spoke to CNBC on Friday. The firm, which owns apparel giant Uniqlo, said Thursday that …

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Shoppers are buying less clothing because it’s not as fun as it used to be

A shopper looks at items on sale inside of a JC Penney store in New York. Lucas Jackson | Reuters The apparel market has “hit a ceiling” and is “going into structural decline,” according to a note from Morgan Stanley. The cause of it? Consumers have reached peak happiness with clothing purchases, wrote analyst Geoff …

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