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Clothing

Walmart expands fashion focus with new private clothing label for men and women

Walmart expands fashion focus with new private clothing label for men and women

By: Melissa Repko
Source: CNBC
Date of Publication: September 21st, 2020
Walmart is launching Free Assembly, a private label of men’s and women’s clothing, which will sell online and in stores. The big-box retailer’s leaders have looked beyond the grocery aisles and sought to sell more general merchandise to turn e-commerce into a profitable business. With the coronavirus pandemic, Walmart has a new opportunity to grab market share from apparel retailers like J.C. Penney that have filed for bankruptcy protection and others, such as Kohl’s and Macy’s, that have seen sales drop. Yet Walmart still has to prove it can keep up with consumer tastes and provide good value in the fickle fashion world.
Coronavirus and luxury retail: Shopping for used Hermes, Cartier in Covid era

Coronavirus and luxury retail: Shopping for used Hermes, Cartier in Covid era

By: Eric Rosenbaum, Susan Caminiti
Source: CNBC
Date of Publication: September 19th, 2020
The luxury market has taken a big hit during the pandemic, and the mega-deal between Tiffany’s and LVMH is on the verge of falling apart. Used apparel and accessories start-ups The RealReal and ThredUp are rebuilding business models to deal with Covid-19 requirements. Resale experiments at department stores like Macy’s are underway and its CEO says luxury is a bright spot amid a bleak retail landscape, while Walmart also has a new deal with ThredUp. Luxury shopping is a big consumer prize: Amazon just announced its entry, Amazon Luxury Stores.
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.