American Dream Mall in N.J. Briefly Evacuated on Black Friday over Bomb Threat
November 28, 2023 : The American Dream mall in East Rutherford, New Jersey, was briefly evacuated on the busy Black Friday shopping day in response to a bomb threat. The mall, one of the largest in North America, was evacuated just as it was filling up with shoppers, causing widespread disruption and confusion.
Black Friday Sales Soar to Record High of $9.8 Billion as Online Shopping Dominates
November 28, 2023 : Black Friday, the traditional kick-off to the holiday shopping season, continued its shift towards online shopping in 2023, with U.S. consumers spending a record $9.8 billion online, a 7.5% increase from last year, according to Adobe Analytics.
Centric Brands Forges Licensing Partnership with Authentic Brands Group for Quiksilver, Billabong, and Roxy Apparel
November 22, 2023 : Centric Brands LLC, a leading global brand development, marketing, and licensing company, has announced an exclusive licensing agreement with Authentic Brands Group (ABG), a global brand development, marketing, and entertainment platform, to design, manufacture, and distribute kids’ apparel for the iconic brands Quiksilver, Billabong, and Roxy in the United States and Canada.
JAT Capital Unleashes Scathing Criticism on Bed Bath & Beyond Board Over CEO Ouster and Vacancy
November 20, 2023 : JAT Capital, an activist hedge fund with a 9.6% stake in Bed Bath & Beyond, has fired off a scathing letter to the company’s newly appointed board, expressing deep dissatisfaction with the recent ousting of CEO Jonathan Johnson and the subsequent failure to fill the vacant position.
Columbia Sportswear Taps Cory Long as New Sorel President
November 17, 2023 : Columbia Sportswear Company, a leading global manufacturer and distributor of outdoor apparel, footwear, and accessories, has announced the appointment of Cory Long as the new president of its Sorel brand.
Primark Expands Retail Footprint in Texas, Signaling Growth Confidence
November 16, 2023 : In a strategic move to expand its presence in the southern United States, Primark, a leading international fashion retailer, has unveiled plans to open two new stores in Texas.
Venus CEO Blames Economic Woes for Layoffs, Underscoring Retail Industry Challenges
November 16, 2023 : Venus, a leading women’s fashion retailer, has announced a workforce reduction of 129 employees, citing the “economic turbulence facing the fashion retail sector” as the primary reason for the layoffs.
Matrix Capital Markets Group Orchestrates Successful Sale of Day Motor Sports, LLC
November 15, 2023 : In a strategic move to streamline its portfolio and focus on its core competencies, Matrix Capital Markets Group, Inc., a leading independent investment bank, has announced the successful sale of Day Motor Sports, LLC, a distributor of aftermarket parts and supplies for the enthusiast racing industry.
Amidst Store Closures, Target Aims to Demonstrate Growth Potential and Prevent Future Setbacks
November 14, 2023 : Target Corporation, a leading American retail chain, faces the challenge of store closures while striving to prove its ability to expand and avoid further setbacks.
Home Depot Surpasses Earnings Expectations but Delivers Cautious Outlook Amidst Sales Decline
November 14, 2023 : Home Depot, the leading home improvement retailer in the United States, reported third-quarter earnings that outperformed analyst expectations.
