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WOMEN IN RETAIL LEADERSHIP CIRCLE RELEASES ITS 9TH ANNUAL TOP WOMEN IN RETAIL LIST
March 20, 2019 at 4:29 pm

PHILADELPHIA, [March 20, 2019] -- Women in Retail Leadership Circle (WIRLC), a members-only association for enterprise-level women at top retailers and brands, is proud to announce the release of its ninth annual list of the leading female executives in retail. Honorees were chosen based on a number of criteria, including being in a top-level position within a retail…

The 2019 Top Women in Retail List
March 20, 2019 at 10:47 am

I'm really excited today! Why? Because the Women in Retail Leadership Circle (WIRLC), sister brand of Total Retail, is announcing the release of its ninth annual list of the Top Women in Retail! Honorees, some of whom were recommended via a survey of our WIRLC members and Inner Circle e-newsletter readers, were chosen based on several criteria, including position within…

Abercrombie & Fitch to Close Up to 40 Stores in 2019
March 11, 2019 at 2:32 pm

Teen apparel retailer Abercrombie & Fitch said last week that it plans to close up to 40 stores by next February, with the majority of closures slated in the U.S.  Abercrombie, which also owns Hollister, has been closing stores regularly over the years. For example, over the last eight years, it has shuttered about 475…

Amazon to Shutter All 87 U.S. Pop-Up Stores
March 7, 2019 at 2:55 pm

Amazon.com is shutting down all 87 of its U.S. pop-up stores in April, ending the retailer’s years-long experiment with these small shops as it tinkers with an evolving brick-and-mortar strategy, The Wall Street Journal reported yesterday. Amazon has pop-ups inside Whole Foods locations, Kohl's stores and malls around the U.S. The shops let customers try…

Denim Brand Diesel Files for Bankruptcy
March 6, 2019 at 5:46 pm

Denim and accessory brand Diesel USA Inc. filed for Chapter 11 bankruptcy Tuesday, reports Reuters. The company's Italian parent brand Diesel SpA was not involved in the bankruptcy filing. Diesel USA claimed expensive leases, a sales plunge, and $1.2 million of losses from theft and cyber fraud as main contributors to the decline of profitability…

Hudson's Bay Company's 4-Step Plan to Create Radical Change to CX
March 5, 2019 at 4:45 pm

In a keynote presentation yesterday at Shoptalk in Las Vegas, Helena Foulkes, CEO, Hudson's Bay Company (HBC), parent of Hudson's Bay, Lord & Taylor, and Saks Fifth Avenue, discussed how the retail organization planned to evolve from within to create radical change to the customer experience (CX) for all of its brands. Foulkes outlined four…

A Q&A With Erik Nordstrom at Shoptalk
March 4, 2019 at 2:51 pm

In an opening keynote session at Shoptalk in Las Vegas yesterday, Erik Nordstrom, co-president of Nordstrom, was interviewed by Courtney Reagan, a retail reporter for CNBC. The discussion touched on a variety of topics, from the future of department stores to omnichannel innovation to redefining the brick-and-mortar shopping experience. Erik Nordstrom also commented on the…

Report: Amazon to Open its Own Chain of Grocery Stores
March 4, 2019 at 10:51 am

Amazon.com is planning to open a new grocery store chain in an effort to broaden its reach in the retail category, according to a Wall Street Journal report. Sources familiar with the project told WSJ that the online behemoth is planning to open dozens of grocery stores in several major U.S. cities, and the first…

Old Navy to Split From Gap Inc.
March 1, 2019 at 10:50 am

Gap Inc. yesterday announced plans to create two independent, publicly traded companies: Old Navy and a yet-to-be-named company ("NewCo") that will consist of the Gap brand, Athleta, Banana Republic, Intermix and Hill City. Gap said the spin-off will enable each company to maximize focus and flexibility, align investments and incentives to meet its unique business needs,…

Levi's Hires Chief Artificial Intelligence Officer
February 22, 2019 at 11:25 am

Levi’s has hired its first artificial intelligence (AI) officer. Katia Walsh, who was most recently Vodafone’s chief data and analytics officer, will begin her tenure at Levi’s on April 29. According to a company statement, Walsh will focus on building “data, analytics and artificial intelligence enablers” that will strengthen the company’s present and future business…

Serena Williams Joins Poshmark's Board of Directors
February 21, 2019 at 2:26 pm

Tennis superstar and businesswoman Serena Williams is joining the board of directors of Silicon Valley-based social commerce platform Poshmark, the company announced Wednesday. “Poshmark is disrupting retail by making shopping and selling social again, and I love working with a company that gives anyone an opportunity to become an entrepreneur,” Williams said in a press release…

What Sets D-to-C Brands Apart From Traditional Retail
February 20, 2019 at 9:09 am

Recently, it’s been impossible to walk down a city street, ride the subway or scroll through Instagram without coming across an ad for a popular new direct-to-consumer (D-to-C) brand. These industry disruptors are positioning themselves independently from the retail giants that once owned the space, and instead selling straight to the consumer. From toothbrushes and mattresses…

Report: Amazon Paid No Federal Taxes on $11.2B in Profits Last Year
February 18, 2019 at 2:26 pm

Amazon.com, the e-commerce giant helmed by Jeff Bezos, the world’s richest man, paid no federal taxes on profit of $11.2 billion last year, according to an analysis of the company’s corporate filings by the Institute for Taxation and Economic Policy (ITEP), a progressive think tank. The news of the report was first publicly reported in The Washington Post,…

REI CEO Stritzke Resigns Over Undisclosed Personal Relationship
February 15, 2019 at 2:06 pm

Outdoor retailer Recreational Equipment, Inc., or REI, says its president and CEO Jerry Stritzke has resigned for failing to disclose a personal relationship with the head of another organization in the outdoor industry, according to a company statement. REI's board accepted Stritzke’s resignation “following an investigation into the facts and circumstances surrounding a personal and…

Toys”R”Us is Now Tru Kids Inc.
February 11, 2019 at 2:14 pm

Toys”R”Us  has officially emerged as Tru Kids Inc., a  new company, with new leadership and a new vision, according to a press release published today. Effective Jan. 20, Tru Kids Inc. doing business as Tru Kids Brands, became the parent company of Toys”R”Us, Babies”R”Us, Geoffrey and more than 20 consumer toy and baby brands. Tru Kids is…

Sears Gets a Lifeline: Bankruptcy Judge Approves Sale to Lampert
February 8, 2019 at 2:47 pm

Sears Holdings got a new lifeline yesterday as its sale to company chairman Eddie Lampert, through an affiliate of his hedge fund ESL Investments, was approved by a federal bankruptcy court judge, according to CNBC. ESL has said the $5.2 billion deal to buy Sears will save 425 stores and roughly 45,000 jobs. While an initial…

Apple Retail Chief Angela Ahrendts to Leave the Company
February 6, 2019 at 2:45 pm

Apple announced Tuesday that retail chief Angela Ahrendts will leave the company in April, reports CNBC. Ahrendts has led Apple's retail and online stores as senior vice president of retail for five years, and is leaving “for new personal and professional pursuits,” according to the company. Apple executive Deirdre O'Brien will fill Ahrendt's role and expand her…