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Direct To Consumer (DTC)

  • Board drama at Lululemon

    Lululemon founder Chip Wilson has voted against the re-election of Michael Casey and RoAnn Costin to the company’s board of directors.

    Wilson founded the company in 1998, and has seen it evolve through many business cycles, expanding it from a small storefront in Vancouver to an international brand with more than 250 stores.

  • Francesca’s profit drops 21%, 85 new stores planned

    Houston — Francesca’s Holdings Corp. on Tuesday reported a 21% drop in profit during the first quarter of fiscal 2014, to $8.6 million from $10.9 million.  Harsh winter weather and higher expenses related to its boutique business contributed to the decline in net income. The company also reduced its annual outlook.

    Francesca’s plans to open 85 new stores during fiscal 2014, including 16 in the second quarter.

  • HSN promotes Martinez to HR head

    St. Petersburg, Fla. — HSN Inc. has promoted Maria Martinez to chief HR officer, effective immediately. In her new role, she will be responsible for providing leadership in executing human resources strategies in support of the company's business objectives.

    She will have specific responsibility for talent acquisition and assessment, succession planning, leadership development, employee engagement, performance management, total rewards, and wellness programs. She will continue to be based at the company's headquarters in St. Petersburg.

  • Martinez in new role at HSN

    Maria Martinez was elevated to the role of chief human resources officer at HSN, Inc., a $3.4 billion interactive multichannel retailer.

  • Report: Chico’s considers going private

    Fort Myers, Fla. — Chico’s FAS Inc. is reportedly considering taking itself private. According to Financial Times, the women’s apparel retailer has been holding talks with several private equity firms in recent weeks.

  • FTP&G+-commerce courtesy of Shoppost

    A new app from Seattle-based Shoppost bills itself as the first in-stream e-commerce app that lets online retailers sell via Facebook, Twitter, Pinterest and Google+.

    Shoppost is a free app that gathers product information and pulls it into an interactive post that can be shared via social channels in a few clicks. The app is available for free to sellers who use BigCommerce and Shopify with additional e-commerce platform support rolling out in the near future, according to the company.

  • Sycamore Partners to relaunch Coldwater Creek brand as independent company

    New York — Sycamore Partners announced Monday that it bought the going-out-of-business Coldwater Creek brand and other intellectual property through an affiliate company during the  apparel chain’s  bankruptcy proceedings.  The private equity firm said it plans to re-launch Coldwater Creek as an independent portfolio company, but it did not give a timeline for the launch.

    Terms of the acquisition weren’t disclosed.

  • Former Nike exec named CEO of Spanx

    Atlanta — Shapewear wholesaler and retailer Spanx announced that Jan Singer has been named CEO of the company. She joins Spanx from Nike, where she held various senior leadership roles, including corporate VP of global apparel and corporate VP of global footwear.  

    Singer, who will report to Spanx founder and owner Sara Blakely, is expected to come on board in early July.  Gregg Ribatt, interim CEO, will assist Singer through a transition, and then continue to serve on the company’s board of advisors.

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