Marketing

It’s official.

Michaels Kors Holdings Limited is buying an Italian fashion-forward brand long associated with celebrities and the red carpet. The U.S. apparel and accessories company is also changing its name.

The parent company of such brands as Ann Taylor, Lane Bryant and Dressbarn ended its fiscal year on a high note, and beat expectations.

Petco has tapped a former Bank of America Merrill Lynch executive to head up its marketing and consumer engagement efforts.

Fast-growing home décor retailer Kirkland’s has tapped a Crate & Barrel executive as its next leader.

An organizational shake-up is underway at Starbucks, a move that the company expects to stimulate sales and rekindle investors’ interest.

A major deal that would see a U.S. retail powerhouse acquire one of Italy’s most storied fashion houses is reportedly in the works.

Home appliances are among the categories likely to be impacted by the new round of tariffs on products imported from China.

Velocity Retail Group, a Phoenix-based member of the X Team Retail consortium, has formed an asset management division called Velocity Management Services.

Gap Inc. is hoping lightning strikes twice — and that athleisure has staying power.