Jamie Davidson of Strong Suit: “No matter how secure you feel with your existing customer base, Baby Boomers are not the future.”
Target CEO Brian Cornell told investors that the retailer won’t be raising its minimum wage to $9 like its competitors, Walmart and TJX Companies.
Fairchild was an extremely powerful force in the fashion business who made—and perhaps broke—careers and permanently changed the way fashion was covered in the media.
Men’s Wearhouse vice chairman David Edwab announced that he will retire from his executive position with the company but remain vice chairman.
In the U.S., HBC entered into an agreement with Simon Property Group valued at $1.8 billion and in Canada with RioCan Real Estate Investment Trust valued at C$2 billion ($1.6 billion).
Outerwear was an important category this season, and we saw even more salable styles for fall 2015 during Las Vegas market.
Southern Tide will be opening branded shops in several of its best accounts this year, including Country Club Prep in Charlottesville, Va. and Byron in Kansas City.
TJX CEO Carol Meyrowitz said that T.J. Maxx, Marshalls, HomeGoods and Sierra Trading Post workers would begin making at least $9 an hour in June.
The mobile wallet, launched with help from Capital One, will let Neiman Marcus shoppers make in-store purchases without a physical credit card present.