Nike Names New Converse CEO
June 1, 2023
Nike has appointed Jared Carver as the new president and CEO of Converse. Carver, who has been serving as the vice president and general manager
Retail
Guess Reacquires Stake in Russia Business
June 1, 2023
In an unexpected move, Guess is said to have reacquired some of its stake in its previous Russian business from local partner Vyacheslav Skikulov. Guess
Abercrombie & Fitch Shares Jump 30 Percent on Upbeat Earnings Report
May 31, 2023
Abercrombie & Fitch saw its shares surge 30% after the brand posted a surprise profit and raised its guidance. “Abercrombie’s offering is resonating meaningfully with
Walgreens To Cut 10 Percent of Corporate Workforce
May 31, 2023
Walgreens Boot Alliance is laying off 10% of its corporate workforce as it looks to put focus on its healthcare division. The layoffs, which are
Six Flags Prepares for Summer with Amazon’s Just Walk Out
May 31, 2023
Six Flags is set to launch Amazon’s Just Walk Out technology at a handful of chosen venues to lower customer wait times for food and
Canada Goose Plans To Open Three New Stores in the US
May 30, 2023
Luxury apparel brand Canada Goose is set to expand its physical presence by opening three new permanent stores across the United States in the coming
ASOS Raises Funding After Reporting £291 Million in Loss
May 30, 2023
Fast fashion eTailer ASOS has raised £80 million from its shareholders and borrowed £275 million from Bantry Bay Capital to turn around its business. The
Bath & Body Works Expands Offerings with New Laundry Care Collection
May 26, 2023
Bath & Body Works is set to broaden its product offerings this fall with the introduction of its inaugural fabric care collection. The New Albany-based
Gap’s Stock Jumps on Surprise Q1 Profit
May 26, 2023
Apparel retailer Gap pleasantly surprised investors by announcing an unexpected profit for the first quarter, leading to a 16% surge in its shares during extended
Ralph Lauren Beats Q4 Estimates As Demand for Its Polos and Pricey Sweaters Remains High
May 26, 2023
Ralph Lauren’s shares rose 8% after the company surprisingly beat profit estimates and reported a rise in Q4 revenue. The company’s strong performance bucks the