G-III Apparel Group is growing bullish on 2021, as the company racked up first-quarter results showing a turnaround from the previous year. The company also made some big changes by closing its Wilsons Leather and G.H. Bass stores. Get the Full Story Complete the form...
USR Parent, the corporate parent of Staples office supply stores, said Friday (June 4) that it has formally offered to pay $1 billion for the businesses operating as Office Depot and Office Max, according to a press release. Get the Full Story Complete the form...
In today’s top retail news, Five Below and Zumiez each separately announced soaring net sales. Plus, lululemon athletica inc. said it is seeking to grow its inventory. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Zumiez, which sells clothing, shoes, equipment and accessories, reported that its net sales surged by approximately 103 percent from Q1 2020 to Q1 2021, according to an announcement. By contrast, the retailer reported that Q1 2021 net sales climbed approximately 31 percent from Q1 2019....
High-end athleisure apparel leader Lululemon said it is looking to grow its inventory by 25 to 30 percent this quarter and use more air freight to circumvent port delays that have bogged down the global supply chain. Get the Full Story Complete the form to...
With his first week in his new role under his belt, newly promoted Amazon CEO Andy Jassy has made it clear that he’s not only running the world’s largest online retailer, but he’s also sitting atop one of the world’s biggest conglomerates. Get the Full...
Five Below, an off-price retailer that has more than 1,050 stores in 39 states, reported that its net sales surged by approximately 198 percent between Q1 fiscal 2020 and Q1 fiscal 2021, according to an announcement. In addition, the retailer’s comparable sales soared by 162 percent...
Good news for those who like to try before they buy in the grocery store: In-store sampling is making its return. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Rent the Runway is in the midst of talking with banks as it makes moves toward an initial public offering (IPO) that could take place sometime in 2021, Bloomberg reported on Thursday (June 3), citing sources. Get the Full Story Complete the form to unlock...
