How The North Face Moves To Compete With Patagonia

How The North Face Moves To Compete With Patagonia

The global outdoor clothing market is a $ 12 billion industry. For more than half a century, The North Face has competed in space and equipped mountaineers and skiers. But the outdoor recreation brand now also hopes to become a major player in the $ 185 billion streetwear market. A renewed interest in outdoor life … Read more

Ralph Lauren CEO says metaverse is the way to grab younger shoppers

Customers leave a Ralph Lauren Corp. store in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Ralph Lauren CEO Patrice Louvet said Monday that the fashion brand is chasing opportunities in the meta-verse as a way to attract younger shoppers. At the National Retail Federation’s annual conference, he said consumers can already buy … Read more

The retail industry is pushing further with the conference, trying to push for normality

Visitors enter the venue at The NRF 2020 Vision: Retail’s Big Show, to be held in New York, USA, on January 12, 2020. Wang Ying | Xinhua News Agency | Getty Images “The big show will continue,” National Retail Federation President Matt Shay said Monday. And on Friday, even as more speakers and attendees withdraw … Read more

The robot workforce is not coming. It’s here already

Sprinkles has added kiosks to its bakeries across the country, allowing customers to place their own orders and help manage the company’s rise in online orders. Ashley Haguewood When customers buy a cupcake at a Sprinkles bakery, they are no longer queuing at a checkout. Instead, they type on a tablet, swipe a credit card … Read more

Nike (NKE) earnings in Q2 2022

Pedestrians with Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Sunday, October 24, 2021. Nina Westervelt | Bloomberg | Getty Images Nike shares rose more than 4% in extended trading on Monday after the sneaker manufacturer reported second-quarter earnings and sales that topped analysts’ expectations, despite ongoing pressure in the … Read more

Rent the Runway CEO discusses the path to profitability when the stock falls

Rent the Runway is still losing money and it is sending investors on the run. Its shares fell about 12% in trading on Thursday, reaching a record low of $ 9.81 in the wake of the fashion rental platform’s first financial report as a public company. In its fiscal third quarter, Rent the Runway reported … Read more

Activist pushes Kohl’s to consider selling online biz, says report

People shop in Kohl’s department store in the middle of the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images An activist is reportedly pushing Kohl’s to consider either a sale or a spin-off of his online business, following a similar move by department store … Read more

Lululemon shoots back at Peloton in growing feud over clothing patents

An employee rebuilds clothing on display at the Lululemon Athletica sportswear store on Regent Street in London. Simon Dawson | Bloomberg | Getty Images On Monday, Lululemon filed an expected patent lawsuit against the Peloton in a growing feud over the design of its sports bras and leggings. In the case, filed in the central … Read more

Shoppers are buying more than ever from resellers. Here’s why

Bloomberg | Bloomberg | Getty Images Second-hand retailers find success with shoppers who focus on sustainability and hard-to-find items, while avoiding the supply chain being branded by traditional retailers. Big box retailers like Walmart and Target have focused on keeping prices down and have absorbed the rising costs of shipping, labor and materials for shoppers. … Read more

Black Friday shopping in stores drops 28% from pre-pandemic levels

Shoppers with bags from different stores stand side by side as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, on November 26, 2021. Jon Cherry | Reuters Traffic in retail stores on Black Friday fell 28.3% compared to 2019 levels as Americans shifted more of their spending online and … Read more