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Brett Blundy slams Victoria’s Secret board ahead of earnings call

Inside Retail

per cent stake in the lingerie brand and considers itself one of the largest long-term stockholders, complained that the board has failed to “adequately demonstrate meaningful accountability”. per cent since the firm became independent in 2021, underperforming the S&P Composite 1500 Specialty Retail Index by 93.4

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Reports: Nike Cutting Ties With Six Retailers, Including DSW and Urban Outfitters

Retail TouchPoints

Nike has reportedly closed its accounts with DSW , Urban Outfitters , Shoe Show , Dunham’s Sports , Olympia Sports and Big 5 Sporting Goods as the retailer pulls out of specialty retailers and department stores, according to Forbes and other media outlets. These aren’t the first retailers to lose Nike as a supplier.

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Vera Bradley’s CEO, CFO Exit

VMS

The specialty retailer disclosed those departures at the same time as it put out a separate release on its first quarter earnings, which showed a drop in revenues and a widening net operating loss. Vera Bradley (Fort Wayne, Ind.) announced that its CEO and CFO are leaving. Overall, the enterprise has 1200 stores in the U.S.,

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L.L.Bean Expands to Dillard’s and Moosejaw, Plans 4 New Brick-and-Mortar Stores

Retail TouchPoints

The outdoor goods retailer also will add Dillard’s and Moosejaw to its key U.S. wholesale accounts, along with 10 independent specialty retailers in the southeastern U.S. The combined effort will make L.L.Bean products available in more than 70 new storefronts in addition to ecommerce platforms.

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Carter’s Plans 50 New Stores this Year; CEO says Stores Provide ‘Best Presentation of Our Brands’

Retail TouchPoints

Children’s specialty retailer Carter’s plans to open more than 50 new stores across the U.S. To enable these omnichannel purchasing behaviors, Carter’s highlighted the investments it has made in its app, which now accounts for one quarter of all ecommerce sales, over the last few years.

Planning 264
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Mattress Firm Files for IPO 6 Years After Going Private

Retail TouchPoints

After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO. Today, the retailer operates 2,353 locations and said in its filing that “we are nearly twice the size of our next largest competitor (based on U.S.

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Dusk sales drop as stores closed, but online growth cushions the blow

Inside Retail

Australian specialty retailer Dusk, has reported poor sales based on unaudited management accounts for the first half of the financial year. In a trading update, the company said sales fell 12 per cent to $80 million compared to $90.9 million in the first half of FY21 and $59.6 million in the first half of FY20.