The interim chief executives are trying to rejuvenate sales as the founder, Chip Wilson, engages in a proxy battle for the boardroom.
Category: Shopping and Retail
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Lululemon Scrambles to Revive Yoga Pants Empire Amid Fight With Founder
The New York Times – Business: -
Lululemon Scrambles to Revive Yoga Pants Empire Amid Fight With Founder
The New York Times – Business:The interim chief executives are trying to rejuvenate sales as the founder, Chip Wilson, engages in a proxy battle for the boardroom.
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Lewis E. Lehrman, Store Chain Heir Who Ran for N.Y. Governor, Dies at 87
The New York Times – Business:After helping his family’s Rite-Aid drugstore empire flourish, he waged a surprisingly close but losing race as a Reagan Republican against Mario Cuomo in 1982.
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Consumers Paid Tariffs on Overseas Items. Now They Want a Refund.
The New York Times – Business:The Trump administration has yet to announce a process to return fees paid by companies and shoppers for tariffs now deemed illegal.
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After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores
The New York Times – Business:Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.
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Fred Segal Has a New Owner. This Time It’s Aritzia.
The New York Times – Business:The storied Los Angeles retailer, once recognized as an arbiter of West Coast style, has been acquired by the mass-market brand Aritzia.
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Walmart Expects Growth Streak to Continue as New Chief Takes Over
The New York Times – Business:Shoppers are turning to Walmart to stretch their dollars, but an uncertain economy and trade tensions will test the retailer’s new executive team.
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Etsy Sells Depop, a Secondhand Clothing App Popular With Gen Z, to eBay
The New York Times – Business:The $1.2 billion deal comes as eBay looks to expand its appeal among younger users.
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It’s a Grocery Store, but Selling Food Isn’t the Point
The New York Times – Business:Happier Grocery in New York is an entry point for people seeking a community built on inside knowledge. It’s not the only high-end grocer doing this.
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Crab Heist Puts Spotlight on Surge of Cargo Thefts
The New York Times – Business:Stolen food and beverages, which are easier to offload than costly electronics, are driving an overall spike in cargo crimes, truckers, insurers and other experts say.
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Costco Is Sued Over Preservatives in Its $5 Rotisserie Chickens
A proposed class-action lawsuit claims Costco was misleading customers and engaging in false advertising when it described the chicken as having no preservatives.