Neiman Marcus CEO Denies Business Sale Amid Saks Takeover Rumors
January 11, 2024 : Amidst swirling speculation regarding a potential takeover by luxury retail rival Saks Fifth Avenue, Neiman Marcus CEO Geoffroy
Shein’s annual revenue exceeds $30 billion, retail partner reveals
January 10, 2024 : Shein has once again sparked industry intrigue with a revelation suggesting its annual revenue
Holiday Boost Lifts Abercrombie, American Eagle, and Lululemon
January 9, 2024 : Leading apparel retailers Abercrombie & Fitch, American Eagle Outfitters, and Lululemon Athletica have all raised their holiday sales outlooks,
Walgreens Trims Dividend Amid Q1 Earnings Stumble
January 8, 2024 : Walgreens Boots Alliance, the US pharmacy giant, has announced a significant reduction in its quarterly dividend payment
Chico’s absorbed into KnitWell Group, expanding specialty apparel portfolio
January 8, 2024 : Sycamore Partners’ KnitWell Group has formally acquired Chico’s FAS, encompassing the Chico’s, White House Black Market, and Soma brands, strategically consolidating the specialty apparel landscape.
E-Commerce booms despite inflation: Online holiday sales reach new peak
January 5, 2024 : According to data from Adobe Analytics, online shoppers defied inflationary pressures this holiday season,
Pricing Power Ebbs for FedEx, Airlines as Habits Shift
January 3, 2024 : A seismic shift is rippling through the consumer landscape, eroding the long-held pricing dominance of prominent companies like FedEx and major airlines.
Reckitt recall over possible bacterial contamination
January 3, 2024 : A precautionary recall has been issued by Reckitt Benckiser’s Mead Johnson Nutrition unit,
Closure Imminent: Online Retailer Zulily Ceases Operations
January 2, 2024 : In a consequential turn of events, Zulily, the digital retail platform, is poised for closure, marking the cessation of its operations.
Affirm’s Stock Surges Fivefold in Remarkable Year, Outperforming Tech Counterparts Amid Buy Now, Pay Later Surge
January 2, 2024 : Affirm’s stock has quintupled over the year in a remarkable feat, surpassing all contemporaneous technology peers, propelled by the burgeoning success of the buy now, pay later paradigm.
