When it comes to shopping, everyone looks forward to a handful of sales throughout the years. After all, as seasons change, most people will seek to update their wardrobe in some manner. It’s simply smart business for retailers to conveniently plan their major sales just as we experience these shifts. So it makes sense that as Fall quickly approaches, we…
According to a 2018 Women’s Wear Daily report, J.C. Penney Co., struggling to turn itself around, will be cutting inventory, doubling down on catering to its core middle-aged female customer, and seizing opportunities in categories new to the business, namely baby products, toys and workwear. The chain plans to reduce inventory by at least $250 million by the end of fiscal 2019,…
Mattel is the world’s largest toy company, specializing in a range of Barbie toy dolls that cater towards children and kids who have not reached their teen years yet. Unexpectedly, Mattel’s sales have been slumping more than usual, dropping about 13 percent in the first quarter and then dropping a bit more towards the end of March. This came as…
With only three seasons under her name, Yeon Park’s label Yeon has been doing splendidly. She is only 33-years-old, younger than most designers who have worked just as hard to make it to where they need to be. Yeon has sturdy footing with some of Paris’s most luxurious brands. Park lives in New York City, where she also designs her…
Leggings, breathable jackets and sweat-wicking fabrics have all become wardrobe staples. The athleisure trend has had a heyday, but that may be coming to a close, Reuters reported. One of the signalers is Lululemon Athletica’s stock decline, according to Reuters. The company might have run into trouble with design choices like color, but it’s not the only athleisure seller to…
A Southern chain sells designer clothing at deep discounts. United Apparel Liquidators (U.A.L.) buys discounted pieces and makes them available to its customers at prices significantly lower than the retail, the New York Times reported. The business offers at least an initial 70 percent discount on its clothing, although it will mark pieces down further. Brands like Givenchy, Chanel, Phillip Lim,…
Ivanka Trump’s fine jewelry line is about to be discontinued, due to the expense. Bracelets and other high-end jewelry were priced up to $10,000, which was not easy for shoppers to access. Nordstrom was one of the companies to promote Ivanka Trump’s collection, but amid poor sales, it was difficult to maintain. The brand would rather focus on stylish, affordable…
Although buying Trump brands, or not buying them, has been an issue of contention since the president’s swearing in, Ivanka Trump’s company has been performing in top form, according to Fox News. Many people have boycotted the Ivanka Trump label as political protest, part of the “Grab Your Wallet” effort. But the brand’s president, Abigail Klem, says that sales are doing…
Come May 1, Stefan Larsson, the chief executive officer and president of the designer brand Ralph Lauren, will be parting ways with the designer brand, said Business of Fashion. Larsson’s departure announcement comes less than two years after he accepted the position as CEO, back in Nov. 2015. The decision comes after a 12 percent drop in net revenues in the third quarter compared…
