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5 days ago | 
wwd.com | David Moin
Amid ongoing attempts to pull itself out of its hole, Kohl's Corp. must find a new chief executive officer - and should do it fast considering the store's shrinking market share and increasing leverage.
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5 days ago | 
wwd.com | David Moin
Old Navy isn't giving up on Manhattan's 34th Street. After losing its 34th Street site at 150 West 34th Street to Primark - a prime competitor - Old Navy has signed a lease to open at 50 West 34th Street, on the southeast corner of 34th and Broadway, catty corner to Macy's. The Old Navy store will occupy 55,000 square feet over two floors and is expected to open some time in 2026.
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1 week ago | 
finance.yahoo.com | David Moin
QVC Group is seeing sharp drops in its business as shoppers are spooked by tariffs and reducing their time spent watching linear television, where QVC sells its wares. On Wednesday, QVC Group reported a first-quarter net loss of $91 million, versus a net profit of $8 million in the year-ago quarter. More from WWD For the three months ended March 31, operating income fell 90 percent to $14 million from $145 million in the year-ago period.
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1 week ago | 
wwd.com | David Moin
Mytheresa, the luxury multibrand digital platform that is part of the newly formed LuxExperience group, has reshaped its leadership through a series of promotions. Simon Tweed has been promoted to chief commercial officer, responsible for drivingMytheresa's success and overall commercial strategy across all categories, encompassing buying and merchandising. Tweed was vice president of merchandise planning and sustainability management.
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1 week ago | 
wwd.com | David Moin
After just six weeks since its opening on Wall Street, Printemps is making a change of command in the U.S., WWD has learned. Thierry Prevost has been named chief executive officer of Printemps America, succeeding Laura Lendrum who is shifting to chairman of Printemps America's advisory board, a new role. "Thanks to her visionary leadership, we have redefined the retail landscape for the 21st century, creating a unique experience that blends retail and hospitality.
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1 week ago | 
finance.yahoo.com | David Moin
After just six weeks since its opening on Wall Street, Printemps is making a change of command in the U.S., WWD has learned. Thierry Prevost has been named chief executive officer of Printemps America, succeeding Laura Lendrum who is shifting to chairman of Printemps America’s advisory board, a new role. More from WWD Laura Lendrum “Thanks to her visionary leadership, we have redefined the retail landscape for the 21st century, creating a unique experience that blends retail and hospitality.
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1 week ago | 
wwd.com | David Moin
QVC Group is seeing sharp drops in its business as shoppers are spooked by tariffs and reducing their time spent watching linear television, where QVC sells its wares. On Wednesday, QVC Group reported a first-quarter net loss of $91 million, versus a net profit of $8 million in the year-ago quarter. For the three months ended March 31, operating income fell 90 percent to $14 million from $145 million in the year-ago period.
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1 week ago | 
sourcingjournal.com | David Moin
Vince Holding Corp., the luxury brand known for its relaxed, understated styles, concluded 2024 with a lift in sales, and a gross profit gain for the fourth quarter. While there was a net loss of $28.3 million or $2.24 per share in the fourth quarter, which ended Feb. 1, it was attributed to a goodwill impairment charge and transaction expenses related to the acquisition of Vince by P180 from Sun Capital in January.
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1 week ago | 
wwd.com | David Moin
Vince Holding Corp., the luxury brand known for its relaxed, understated styles, concluded 2024 with a lift in sales, and a gross profit gain for the fourth quarter. While there was a net loss of $28.3 million or $2.24 per share in the fourth quarter, which ended Feb. 1, it was attributed to a goodwill impairment charge and transaction expenses related to the acquisition of Vince by P180 from Sun Capital in January.
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1 week ago | 
sourcingjournal.com | David Moin
Tanger, lifted by its diversifying tenant mix, property portfolio and shopper demographics, reported another quarter of solid results, posting gains across most metrics. Net income was down—17 cents per share, or $19 million, compared to 20 cents per share, or $22.2 million a year ago — due to a non-cash impairment charge of 4 cents per share, or $4.2 million, related to the sale of a center in Howell, Mich., last month.
