Parent company of U.K.’s Topshop goes into bankruptcyThe formerly high-flying Arcadia Group has come back down to earth with a thud. Bed Bath & Beyond taps retail vet to lead merchandise planningBed Bath & Beyond Inc. has named John Welling as senior VP, merchandise planning, allocation & operations, effective immediately. Ascena Retail selling Ann Taylor, Loft and other brands for $540 million Ascena Retail Group has entered into a deal that will greatly boost Sycamore Partners’ retail portfolio. Best Buy exec joins Gap Inc. in newly created leadership position Gap Inc. has made two additions to its senior team, naming its first-ever chief growth officer and a new CEO for Banana Republic. In Mass., mall to be replaced by distribution center Greendale Mall in Worcester could serve as the poster child for COVID-19’s acceleration of online shopping and demand for merchandise fulfillment services. Retailers jump on ‘buy now, pay later’ trend as holidays approach Leading retail chains including Neiman Marcus, Saks Off 5th, GameStop, and Express are adopting various omnichannel flex payment platforms. Gap earnings falls short but ‘optimistic’ about Q4; online sales up 61% Gap Inc. reported third-quarter earnings that just missed Wall Street expectations amid strong performances from both Old Navy and Athleta. CPG: ‘Big six’ retailers up 18.5% combined, pointing to record holiday sales Customer Growth Partners has updated its holiday forecast to a 5.8% year-over-year growth, to a record $749 billion. Nordstrom Q3 earnings top expectations; digital surges to 54% of total sales Nordstrom reported third-quarter earnings that bested analysts forecasts, helped by strong growth online. CSA Exclusive: Piercing Pagoda expanding as demand rises The country’s largest specialty kiosk retailer sees plenty of opportunities to expand — even amid the pandemic. First Previous 191 192 193 194 195 Next Last
