Inc. news and archive

Guess and Microsoft collaborate to launch Guess Z Lab

Guess Europe, the Lifestyle-Tech Competence Center (LTCC) and Microsoft have launched the Guess Z Lab, an innovative concept conceived to collaborate and co-create with Gen Z. The first workshop took place at Guess Europe’s headquarters in Bioggio, Switzerland and included 32 students from Ticino universities USI and SUPSI. A second workshop...

Business

Urban Outfitters to address commercial textile waste with FabScrap

Urban Outfitters, Inc. are partnering with FabScrap to reduce the fashion industry’s impact on the planet by helping the organisation expand with a working capital grant. The retail group started working with FabScrap in 2019 as part of its efforts to reduce waste in its supply chain. The non-profit helped Urban Outfitters, Inc. to recycle...

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Business

Macy’s to close 125 stores, cut 2000 positions to drive growth

Announcing an updated strategy and three-year plan designed to stabilize profitability and position the company for growth, Macy’s Inc. said, the company plans to close approximately 125 of its least productive stores over the next three years, including approximately 30 stores that are in the process of closure now. Macy’s is also streamlining...

Business

JCPenney manages to cut losses in Q3

Third quarter sales at J. C. Penney Company, Inc. reported total net sales decrease of 10.1 percent to 2.38 billion dollars. JCPenney’s comparable store sales decreased 9.3 percent for the quarter. For the third quarter, the company’s net loss improved from 151 million dollars or 48 cents per share last year to 93 million dollars or 29 cents per...

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People

JCPenney announces two senior executive appointments

J. C. Penney Company, Inc. has appointed Brooke Buchanan, a communications executive with over 15 years of experience, will join the company on October 28, 2019, as Senior Vice President, communications, reporting to Jill Soltau, the company’s Chief Executive Officer. The company also said in a statement that Robin Beuthin is joining JCPenney as...

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Business

Wacoal acquires lingerie brand Lively

Wacoal International Corporation has confirmed that it acquiring digitally native and size-inclusive lingerie brand, Lively, founded by Victoria's Secret alum, Michelle Cordeiro Grant. Lively, part of Intimates Online, Inc., is headquartered in New York with two retail stores in New York and Chicago, and has become known as a category disrupter...

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People

J. Crew names new Chief Customer Officer

J.Crew Group, Inc. has announced that it has named Billy May their new chief customer officer for the J.Crew Brand, effective July 15. As chief customer officer, he will lead customer-facing aspects of the business and be responsible for advancing J.Crew's digital transformation across marketing, loyalty, stores, and ecommerce. May will report...

Business

Express expected to post 1.9 percent yearly growth

Equities research analysts expect Express, Inc. (NYSE:EXPR) to announce 691.56 million dollars in sales for the current quarter. Zacks reports that several analysts estimate Express’ earnings to come in between 668.70 million dollars to 713.40 million dollars. Express reported sales of 678.78 million dollars during the same quarter last year,...

Fashion

Karl Lagerfeld launching bridal jewellery

Karl Lagerfeld is to launch bridal jewellery in the UK, US, Canada and Australia, after entering into a licensing agreement with American jewellery manufacturer Frederick Goldman, Inc. The jewellery design will all be under the creative director of the Karl Lagerfeld fashion house and will feature engagement and wedding rings, all of which will...