After four and a half tumultuous years atop Kohl’s, in which the Wisconsin-based department store chain saw its valuation cut in half, CEO Michelle Gass is headed to San Francisco, where she will serve as president of Levi Strauss before taking over for current CEO...
Consumers purchased Halloween decorations at a lukewarm rate in October and retailer Party City expects that to continue for the rest of the year. For the quarter ended Sept. 30, the company recorded a year-over-year decline of 1.6% in total net sales. Party City attributed...
In a move to better connect its retail brand to Chinese consumers, Gap has agreed to sell its local online business to Baozun, an eCommerce retailer in China. The company said it will be selling its eCommerce operations in Taiwan and China for up to...
Struggling sneaker giant Adidas has found its new CEO in Bjørn Gulden, the head of rival shoe brand Puma. Gulden, 57, has served as Puma’s CEO since 2013. He will join Adidas — headquartered, like Puma, in the German town of Herzogenaurach — beginning Jan....
There was a time before the pandemic when Generation Z was the smallest portion of Planet Fitness’ membership base. Now, this group is among the brand’s largest customer population, company officials said Tuesday (Nov. 8), helping Planet Fitness end its third quarter with a record...
As consumers flock to the aisles, as they opt to move to in-store settings to get what they need, merchants need to keep them engaged, enough so that the browsing turns into buying. A key way to do so is for merchants to create a...
As grocers leverage data analytics to remain competitive, major players are finding they need to take their marketing businesses into their own hands to remain competitive. Take, for instance, Ahold Delhaize’s U.S. eCommerce arm, which recently announced that it is making the shift. Peapod Digital Labs...
The holiday shopping headwinds are completely different this year than last, but PYMNTS research suggests the impact on consumers’ buying habits could mirror those reported in 2021. This, at a time when the one-day windfall that used to be reserved for “Black Friday” sales the...
Saying that only 1.3% of the total venture capital dollars that were invested in the United States in 2021 went to a startup with a Black founder, Macy’s has partnered with Momentus Capital on a program designed to increase investment in diverse-owned and underrepresented businesses....