Topics

Clothing

Rent the Runway overhauls subscriptions as pandemic reshapes business

Rent the Runway overhauls subscription plan as pandemic reshapes business

By: Lauren Thomas
Source: CNBC
Date of Publication: September 17th, 2020
Rent the Runway is overhauling its membership plans, doing away with an unlimited rental option, as consumers change what they wear and how they shop for clothes during the coronavirus pandemic.
Coronavirus: U.S. department stores could be in their 'last stages'

America’s department stores, cornerstones in fashion, could be in their ‘last stages’

By: Lauren Thomas
Source: CNBC
Date of Publication: September 1st, 2020
The coronavirus pandemic is shining a light on U.S. department stores’ dependence on selling fashion and their delay in adapting to today’s retail environment.
Coffee, ketchup and Nike Air Max: it's the COVID consumer economy

Coffee, ketchup and Nike Air Max: it's the COVID consumer economy

By: Nick Carey, Richa Naidu, Siddharth Cavale
Source: Reuters
Date of Publication: September 1st, 2020
Instant coffee, ketchup, Lululemon yoga pants and Nike Air Max sneakers are all in. Bottled water, pricey diapers and Burberry luxury trench coats are out.
Learn More about Our Operations during COVID-19 -Patagonia

Learn More about Our Operations during COVID-19 -Patagonia

By: Patagonia
Source: Patagonia
An update on Patagonia's current operations and more information about what their customers can expect.
Jamie Nordstrom on Navigating Nordstrom Through COVID-19

Jamie Nordstrom on Navigating Nordstrom Through COVID-19

By: David Moin
Source: Yahoo Finance
Date of Publication: August 5th, 2020
Jamie Nordstrom delves into the challenges and changes of operating Nordstrom during the Global Pandemic
Men’s Warehouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce

Men’s Warehouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce

By: Lauren Thomas
Source: CNBC
Date of Publication: July 21st, 2020
Men’s Warehouse owner Tailored Brands said it is eliminating roughly 20% of its corporate workforce by the end of its fiscal second quarter. It also said it has selected up to 500 of its stores that it could close “over time.” It did not disclose a list of locations. Earlier this month, Tailored Brands skipped a $6.1 million payment to bondholders, triggering a 30-day grace period.
JCPenney shouldn't survive the pandemic

Why JCPenney isn't going out of business -- yet

By: Chris Isidore
Source: CNN
Date of Publication: July 16th, 2020
JCPenney has survived world wars, the Great Depression, the Great Recession and the rise of both big box and online rivals. But surviving the Covid-19 pandemic is very much in doubt.
Storied apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes dozens of stores

Storied apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes dozens of stores

By: Lauren Hirsch
Source: CNBC
Date of Publication: July 8th, 2020
Brooks Brothers, founded in 1818, filed for bankruptcy on Wednesday. The retailer, which generated more than $991 million in sales last year, has more than 200 stores in North America and 500 worldwide. It has already decided to close roughly 51 stores, a decision it attributes to the pandemic.
Chanel warns virus impact will linger on luxury sector

Chanel warns virus impact will linger on luxury sector

By: Silvia Aloisi, Sarah White
Source: Reuters
Date of Publication: June 18th, 2020
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel’s chief financial officer said on Thursday, warning the French fashion label’s 2020 revenues and profit would be significantly hit.
Levi’s says ‘everybody has a new size,’ as shoppers return to stores during coronavirus pandemic

Levi’s says ‘everybody has a new size,’ as shoppers return to stores during coronavirus pandemic

By: Lauren Thomas
Source: CNBC
Date of Publication: June 3rd, 2020
As retailers slowly reopen during the coronavirus pandemic and shoppers return to stores, “everybody has a new size,” Marc Rosen, executive vice president and president of Levi Strauss’ Americas division, said in a Wednesday phone interview. Levi’s as of last week had about 35% of its stores in the U.S. back open, according to Rosen, with queues of people forming outside some.