‘They were the star’: Gap shuttered plans for an Old Navy spin off after growth stalled
A year ago, when Gap announced plans to spin off Old Navy, the brand had reported nearly two straight years of revenue growth. Old Navy had brought in $8 billion in revenue in 2018, while the rest of Gap’s portfolio — which includes Gap, Banana Republic, Athleta, Intermix, Hill City and Janie and Jack — brought in $9 billion in sales total over the same time period. The idea was the spin off would give Old Navy room to grow.
Nordstrom brings the department store into the 21st century
The National Retail Federation's Big Show helps the industry take stock of a new year, fresh off the typically grueling holiday quarter. This year, the event also provided an opportunity to check in with one store in particular: Nordstrom's first New York City flagship, which opened in October to great fanfare, and with great expectations.
Gap Pulls Plug on Old Navy Spinoff to Focus on Turning Around Sales
Gap Inc on Thursday scrapped its plan to spin-off Old Navy and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped full-year earnings, sending its shares up about 4%.
Lululemon used to be a niche player, now some think it could be the next Nike
For six years, between 2011 and 2017, Lululemon Athletica Inc.’s stock looked as if it was tapped out. The yogawear company was already an incredible success for investors, who backed it from its US$14 IPO in 2007, but further growth was a concern.
Why Kohl’s Amazon Partnership and Plan to Capture Millennials Isn’t Working Yet
Despite a push to capture millennial shoppers and a high-profile partnership with Amazon, Kohl’s Corp.’s holiday sales fell short — calling attention to the retailer’s challenges as it executes a turnaround plan that has yet to yield the anticipated results.
Last year CBD and influencer brands swept the beauty landscape. In 2020, sustainability initiatives and Gen-Z social media platforms will come into their own. Here are five trends BoF expects will shape the beauty industry this year: