Renzo and Andrea Rosso Push OTB’s Sustainability Agenda to New Heights
Beauty’s Highest-paid CEOs
Store Closures
Rent the Runway Shutters Physical Retail Stores For Good
Women's apparel and accessory subscription giant Rent the Runway is the latest victim of the coronavirus…
PVH Lays Off 12% of Staff, Will Close All Heritage Brands Stores by 2021
The job cuts and store closures come after PVH saw first-quarter net losses of $1.1 billion alongside a 43…
10% of Canadian Retailers May Shutter Stores, Says Real Estate Firm
On average, Canadian retailers say they'll only take in 45 percent of last year's June-to-August revenue…
H&M Bumps 2020 Store Closures from 130 to 170 After 50% Revenue Plunge
The store closures come as H&M lost $530 million in the second quarter, sparking a renewed digital focus much…
Modell’s Sporting Goods Stores Restart Going-Out-of-Business Sales
More retailers are closing stores, such as Modell's liquidating 107 stores, Penney's closing 242 and GNC…
Surging COVID-19 Cases Put Retail’s Reopening at Risk
Apple shut down 18 previously reopened stores, while Levi's warns of possible new closures and big chains are…
The Children’s Place Eyes 300 Store Closures
The pandemic has only accelerated the children's apparel retailer's digital business, prompting a review of…
Guess to Close 100 Stores in North America and China
Guess Inc. CEO Carlos Alberini said the company is planning to close approximately 100 stores globally over…
First-Time Jobless Claims Taper as Retail Vacancies Are Set to Spike
COVID-19's impact set the U.S. economy back by a few years, with a full recovery unlikely before 2022 and…
Penney’s Starts Store-Closing Sales at 154 Locations
The first round of closing sales is projected to last between 10 and 16 weeks.
Target Shutters 175 Stores Indefinitely Amid Escalating Protests
Though Target escaped coronavirus shutdowns as an essential retailer, it's now temporarily closing a growing…
With 150 Stores Reopened, Lululemon Will Take Cues from Asia’s Recovery
Lululemon has tweaked the store experience and services to accommodate social distancing guidelines.
TJX Bled $887M in Q1 but ‘Encouraged’ by Early Read on Sales
CEO Ernie Herrman says strong sales at reopened stores speak to "pent-up demand" for the "treasure-hunt…
Under Armour Lost More Than Half a Billion in Q1
Revenue in the first quarter was down 23 percent to $930 million, with about 15 percent of the decline…
Nordstrom Cuts 16 Stores, Saves $150M in Restructuring
The coronavirus pandemic is forcing some difficult changes at the upscale Seattle retailer.