Tailored Brands said last week that it would sell its Joseph Abboud trademarks to WHP for $115 million, but will retain exclusive rights to sell and rent Joseph Abboud-branded apparel and related merchandise in the U.S. and Canada. Tailored Brands, an omnichannel specialty retailer of menswear also owns the Men's Wearhouse, Jos. A. Bank, Moores Clothing…
Melissa Campanelli
Online mattress company Casper Sleep on Friday filed regulatory paperwork to take the company public, according to a CNBC report. Casper Sleep would be listed on the New York Stock Exchange under the ticker symbol “CSPR.” In the filing with the Securities and Exchange Commission (SEC), Casper said it plans to use the proceeds to fund…
Hudson’s Bay Co. (HBC) announced on Jan. 3 that it has entered into an agreement with a group of existing shareholders led by HBC chairman Richard Baker to purchase HBC common shares held by the company’s minority shareholders for $11 Canadian dollars per share. HBC's largest minority shareholder, The Catalyst Capital Group, has voted in favor of the go-private…
2019 was certainly a big year for retail news. Here's a look at the top news stories published by Total Retail in 2019, ranked by number of page views.
Bonobos founder Andy Dunn said on Thursday he would leave Walmart in January, more than two years after the world’s largest retailer bought his online menswear brand for $310 million. In a LinkedIn post, Dunn, currently the senior vice president of digital consumer brands at Walmart U.S. eCommerce, said that when he joined Walmart in the…
Clothing and accessories rental subscription service Rent the Runway has teamed with Marriott International’s W Hotels brand to launch a rental experience at four locations: W Aspen in Colorado, W South Beach in Florida, W Washington D.C., and W Hollywood in California. RTR Closet Concierge, which launched on Dec. 5, enables visitors to these hotels…
A record $7.40 billion was spent online by the end of Black Friday, the second largest online sales day ever (last year’s Cyber Monday reached $7.9 billion in sales), according to Adobe Analytics. This $7.40 billion total represented a 43 percent year-over-year increase. What's more, the average order value set a new record for Black Friday (at…
French luxury group LVMH Moët Hennessy Louis Vuitton and global jeweler Tiffany & Co. today announced that they have entered into a definitive agreement whereby LVMH will acquire Tiffany for $16.2 billion. The boards of the luxury businesses have been discussing a potential deal since last month, when it was reported that LVMH offered to buy…
Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year, the National Retail Federation (NRF) said on Friday. The numbers exclude automobile dealers, gasoline stations and restaurants. October’s results make up for most of the 0.3 percent month-over-month decline seen in September and build on September’s year-over-year…
Alibaba's 2019 Singles Day generated $38.4 billion in sales, a 26 percent increase over last year's total of $30.8 billion and and a record for the day. The day got off to a strong start for Alibaba, according to the company. Sales hit $12.01 billion in the first hour. Within an hour and a half, Alibaba’s…
Women in Retail Leadership Circle (WIRLC), sister brand of Total Retail, this week launched a comprehensive rebrand that includes a refreshed logo, redesigned weekly e-newsletter (Inner Circle), and redesigned website. The brand refresh was initiated to help WIRLC better serve, and ultimately grow, its membership. The rebrand was dictated in large part based upon the feedback of…
A day after reports were published that Under Armour is at the center of a federal investigation, executives at the company are maintaining that its accounting practices are above board, according to a report from Business Insider. On Sunday, The Wall Street Journal reported that the retailer's accounting practices have been under federal investigation by the…
Have you heard of the Vendors in Partnership (VIP) Awards? The awards program was created to celebrate innovation, empathy and excellence among the retail solution provider community. In addition to celebrating great product solutions, the companies that are recognized are those that are willing to make changes that are meaningful in creating a better partnership…
French luxury group LVMH Moët Hennessy Louis Vuitton confirmed Monday that is has offered to buy Tiffany & Co. for $14.5 billion in cash, sending shares in the New York jeweler soaring. The purchase would add another household name to LVMH's portfolio of upscale brands, including Christian Dior, Fendi and Givenchy, as well as watchmaker…
Rothy's, a San Francisco-based direct-to-consumer footwear brand founded in 2012, is creating and selling shoes that are made from 100 percent recycled plastic water bottles and post-consumer recycled materials. A commitment to environmental sustainability is core to the brand's mission. Taking that commitment one step further, Rothy's recently became one of the first brands to…
