Fast-growing Canadian online footwear retailer Shoes.com has reported record first quarter. In its first quarterly financial report since consolidating three online businesses under one platform, the company reported an increase in gross revenue of 89% to $60 million and a 129% increase in revenue from repeat customers.
The Children’s Place Inc. and a group of dissatisfied activist Children’s Place investors, called Shareholders for Change at the Children’s Place, have exchanged accusations in a pair of open letters to shareholders.
The Children’s Place Inc. is publicly criticizing a report from proxy advisory service Institutional Shareholder Services (ISS) recommending that shareholders elect one of two board nominees from activist investors Macellum SPV II L.P. and Barington Companies Equity Partners L.P. ISS supports election of Robert L. Mettler but recommends against electing Seth R. Johnson.
Three days after an activist investor group filed a presentation with the Securities and Exchange Commission (SEC) urging the election of new board members and claiming poor performance, The Children's Place Inc. has its own investor presentation with the SEC.
Whether it’s on jewelry or apparel, gift cards or brunch, families this year are expected to spend more for Mother’s Day than they have in the last decade or more. And the largest portion of that spending will be at U.S. department stores.
River Island is putting a new spin on fashion retailing at its store in Birmingham’s Bullring Shopping Centre. The U.K. retailer’s space is based upon the concept of ‘The Event,’ and it’s meant to convey the essence of being at a fashion show or art exhibit, with all the flexibility and “wow” factors inherent in such happenings.
Thousands of associates from Kohl’s Department Stores are celebrating Earth Day by volunteering in their local communities during the company’s sixth annual National Go Green event today through the end of June.
Wal-Mart's Sam's Club division is launching new, high-value services for small-business owners as it looks to differentiate itself from Costco while fending off competition from well-capitalized online startup Jet.com.
McDonald’s USA has decided to give employees a break, in the form of higher pay, paid time off and educational assistance. McDonald’s is raising starting wages at company-owned restaurants in the U.S. one dollar more than the locally-mandated minimum wage, as of July 1.