Inter Ikea Group said the reduction in workforce is necessary as it focuses on increasing sales growth, reducing prices and boosting traffic across channels.

Nearly all consumers — 98% — make repeat purchases from brands recommended by third-party AI platforms, but they are also more sensitive to friction, according to a survey of 1,500 consumers in the ...

Senior Editor Cara Salpini joins the podcast to discuss the pushback against the incoming CEO, founder Chip Wilson’s battle ...

The crafts retailer is adding more than 600 new items this year as it works to capture market share left behind by Joann and ...

The retailer — which saw sales increase 10% in Q1 — is turning to the customer segment as DIY demand remains down.

The physical wallet isn’t dead, but it’s now optional. A growing share of shoppers now pay entirely with their phone, whether ...

Skims completed a funding round of $225 million in raised capital, which placed its valuation at $5 billion, per a Wednesday press release. The funding round was led by Goldman Sachs Alternatives with ...

This year, H&M Group plans to open around 100 new stores and to close around 160, according to its annual report. While that is a net reduction of 60, the remaining stores will make a positive ...

The “C” in J.C. Penney stands for “Cash,” the middle name of founder James Cash Penney, but the department store is struggling to generate much in its post-bankruptcy years. As of Oct. 29, the company ...

The denim label is the latest IP to be scooped up by Authentic Brands Group, which is aiming for $100 billion in annual ...

The brand’s revenue tumbled globally for the quarter and year, but the sign of recovery at home is “the real story” for VF ...