Shoppers Plan to Splurge on Electronics This Year – WWD
The latest consumer research from 5WPR tapped more than 2,000 households to gauge sentiment on spending. The data revealed where shoppers intend to splurge this year and also looked at where their disposable income...
LL Bean Sees Slight FY22 Sales Decline, But Rewards 5,500 Workers – WWD
Capping off its 110th year in business, L.L.Bean reported net revenues of $1.8 billion – a one percent decline compared to fiscal year 2021.
There had been record-breaking sales for the company in 2021, which rose...
Gap Inc. Reports Tough Fourth Quarter; Shakes Up Management – WWD
Gap Inc., continuing to suffer from declining market share and product acceptance, reported a fourth-quarter loss that was much steeper than a year ago and disclosed a string of high-level management departures.
Gap lost $273...
Patrice Louvet on Ralph Lauren’s Ability to Create Magic – WWD
NEW YORK — What do Ralph Lauren and the Walt Disney Co. have in common? They’re both masters at creating worlds that people want to immerse themselves in.
That was the way Patrice Louvet, president...
Elizabeth Hilfiger’s Foo and Foo Label Opens a Pop-up at Fred Segal – WWD
It may not be warm in Los Angeles right now — think snow behind the Hollywood sign and record-setting frigid temperatures sending people reaching for their parkas and mittens — but Elizabeth Hilfiger has hot...
NewStore’s Latest Reseach Looks at Omnichannel Capabilities – WWD
NewStore, the omnichannel cloud platform provider, has released an international edition of the company’s Omnichannel Leadership Report. The new version looked at the omnichannel capabilities of 275 retailers in six key global markets, including...
Lands’ End Reports Q4 Loss – WWD
Lands’ End, the classic all-American fashion brand, fell into the red in the fourth quarter but saw “sequential” improvement each month of the period.
The net loss for the fourth quarter ended Jan. 28...
Nordstrom Shows Q4 Declines, Plans to Close Canada Stores – WWD
Nordstrom Inc., impacted by steeper markdowns and macroeconomic headwinds, reported fourth-quarter declines on the both the top and bottom lines and announced that it was pulling out of Canada.
Fourth-quarter net earnings declined to $119...
Fair Trade USA Releases Position Paper Urging Gender Equity – WWD
Released in time for Women’s History Month, Fair Trade USA’s latest report is a position paper spotlighting gender equality, equity and women’s empowerment.
The nonprofit said women play a critical role in major sectors across...
Retailers Tap Data, Technology as Shoppers Return to Physical Stores – WWD
Retail is at an inflection point. While online sales decelerate but remain above pre-pandemic levels, consumers are increasingly seeking out in-store experiences — which is challenging retailers to be more engaging and creative.
At the...
