United States
JCPenney starts search for new CEO
JC Penney’s CEO Jill Soltau is exiting the company a month after the retailer emerged from bankruptcy proceedings through a sale to Simon Property Group and Brookfield Asset Management
Mada: meet Tinder for clothing
Madison Semarjian was a college freshman when she had the idea of creating a Tinder like app for clothing. The idea was to use AI to learn her personal style and then pull together outfits from a wide range of retailers
Foot Locker appoints Himanshu Parikh as Senior Vice President Chief Information Officer
Parikh will oversee the execution of the next generation of Foot Locker's strategic technology agenda in support of the company's key strategic imperatives and future capability-building and innovation
Kohl’s and Sephora announce long-term strategic partnership
Sephora plans to open 200 shops inside Kohl's locations by next fall, and to increase it to about 850 shops by 2023. Sephora will also launch on Kohl's website next year, offering more than 100 beauty brands
Growing secondhand market to currently be worth 30-40 billion US dollars
According to a report by the Boston Consulting Group and Vestiaire Collective, the global secondhand market is predicted to have a compound annual growth rate (CAGR) of 15% to 20% over the next five years
Foot Locker CFO Lauren B. Peters to retire in April 2021
The New York-based specialty athletic retailer announced the planned retirement of Lauren B. Peters, Foot Locker's Executive Vice President and Chief Financial Officer. Foot Locker has initiated a comprehensive search process
Amazon launches clothing customization service
The giant e-commerce player said it is taking clothing customization to an affordable level thanks to the launch of the service Made for You. For now, the service is only available in the United States
John Camuto, member of the Camuto Shoe Family, dies at 31
The former footwear executive, son of footwear legend Vince Camuto, has died over the weekend. He was 31 and the cause of death is believed to be a heart attack, according to the family
Under Armour to sell The MyFitnessPal platform
The US-based branded athletic performance apparel, footwear and accessories, announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners
Digital sales up by 27% at Macy's
The American department store chain reported digital sales growing by 27% in the third quarter. and comparable sales down by 21.0%, as a result of continued stores recovery and continued growth of digital business
US shopping app downloads with a record of 2.8 million on Black Friday
According to preliminary estimates by Sensor Tower Store Intelligence, mobile shopping app installation hit a new single-day record on Black Friday, with around 2.8 million downloads, up by nearly 8% year over year
Caleres declares quarterly dividend
This dividend will be the 391st consecutive quarterly dividend paid by the company
JCPenney’s Retail and Operating Assets to exit Chapter 11
The US Bankruptcy Court for the Southern District of Texas has confirmed the Company’s Plan of Reorganization to create separate property holding companies
Genesco: sales down but better than expected
Net sales for the third quarter of fiscal 2021 decreased by 11%. Genesco says this sales results exceeded expectations and translate the return of the company to profitability
Under Armour and Stephen Curry launch Curry Brand
The Baltimore-based sportswear brand in partnership with three-time NBA champion and two-time Most Valuable Player Stephen Curry, announced the creation and launch of the Curry Brand-
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