Abercrombie & Fitch Co. posted a wider-than-expected loss and drop in revenue for its first quarter.
Dollar General Corp. named Todd J. Vasos, COO, to the position of chief executive, effective June 3. He has also been elected to the board.
Brown Shoe Co., which will soon change its name to Caleres, reported a strong first quarter, with net earnings rising 24.8% to $19.3 million amid better-than-expected same-store sales and strong margins.
The most valuable retail brand in the world lacks physical stores. At least that’s according to the tenth annual BrandZTM Top 100 Most Valuable Global Brands ranking, released by WPP and Millward Brown.
The U.S. dollar has risen by more than 20% against the other major currencies over the last year, buoyed by a respectable if not torrid economic recovery and sinking oil prices, among other factors. That could be a breath of fresh air for U.S. shoppers with a taste for imported goods. For global mega-brands like PVH, Microsoft and Coach, however, the implications are closer to a gathering storm.
Cost versus customer experience: As retailers compete on customer experience throughout the omni-channel supply chain process, the type of real estate and where it is located is playing a major role. In fact, according to JLL research, seven out of 10 retailers are still shaping their omnichannel product offering and customer service commitments.