Tag: Apparel Retail
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David’s Bridal plans to spin off AI platform Pearl into publicly traded company
David’s Bridal told CNBC exclusively that it’s planning to spin off its AI platform, Pearl, into a stand-alone publicly traded company.
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Lululemon poaches Athleta CEO as new chief product officer
Lululemon announced Wednesday that Athleta CEO Maggie Gauger is joining the company as its chief product officer, a newly created role.
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Levi Strauss hikes profit guidance after tariff refunds, but its sales outlook is less optimistic
Levi Strauss on Wednesday posted earnings that beat expectations, though it saw benefits from tariff refunds.
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Walmart is using light-up digital shelf labels to help shoppers and employees find items
Walmart is rolling out a light-up shelf label feature connected to its app to help customers better find the items they’re looking for.
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Retailer Revolve announces partnership with Donatella Versace
REVOLVE’s partnership with Donatella Versace is the retailer’s latest bid to create for young consumers.
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Nike co-founder Phil Knight to donate $1.1 billion to Oregon medical center
The gift to Providence St. Vincent Medical Center will support the creation of an all-women’s hospital as well as advance cardiovascular care across Oregon.
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Macy’s posts strong results, raises guidance as turnaround begins to take hold
Macy’s posted strong second fiscal quarter results on Thursday and raised its full-year guidance.
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Lululemon stock plunges 15% on disappointing earnings and outlook
Lululemon posted another quarter of disappointing results and a sales slowdown as the company struggles to turn its business around.
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The ‘choose your own adventure’ earnings: Why retailers are handling tariff refunds so differently
Retailers have diverged on how they’ve reported tariff refunds in their earnings this quarter, with some choosing to lower prices and others boosting margins.
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Gap shares jump 9% after announcing new Old Navy CEO to revive struggling brand
Gap announced a new CEO for Old Navy on Thursday as the brand reported a decline in comparable sales for the most recent quarter.
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