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The luxury goods market is a thriving industry, with revenue expected to reach US$354.80 billion in 2023 and an annual growth rate of 3.38% from 2023 to 2028. The largest segment within this market is luxury fashion, accounting for a…
Outdoor apparel brand Patagonia has filed a lawsuit against Seattle-based retailer Nordstrom, accusing the company of selling counterfeit Patagonia products in its off-price Nordstrom Rack stores. The legal action comes after Patagonia ended its years-long dealer relationship with Nordstrom. According…
Off-price retailing is a growing trend in the retail industry. It offers customers an opportunity to buy high-quality merchandise at lower prices compared to regular retail stores. In this comprehensive guide, we’ll explore the benefits of off-price retailing, the different…
Hudson’s Bay Company (HBC) has announced plans to expand its iconic Zellers brand across Canada, increasing the store’s presence in cities nationwide. This expansion will be supported by significant liquidity to enhance the company’s offerings and further invest in its…
Nordstrom has announced plans to close its two downtown San Francisco locations, dealing a significant blow to the city’s retail landscape. The flagship store at Westfield San Francisco Centre will shut down at the end of August, while the Nordstrom…
Skims, the Los Angeles-based underwear, loungewear, and shapewear brand, has recently expanded its wholesale business by opening a dedicated shop inside Saks Fifth Avenue’s New York flagship store. The brand is now available on Saks.com as well. This partnership brings…
Nordstrom, a leading fashion retail group, has announced plans to open nine new Nordstrom Rack stores across the United States. Nordstrom Rack is the off-price division of Nordstrom, Inc., offering clearance merchandise from Nordstrom stores as well as items purchased…
The retail industry has been significantly impacted by layoffs as companies rush to reduce costs amidst concerns of an impending recession and the effects of inflation. Several major retail companies have already announced job cuts, primarily affecting corporate employees. However,…
The Hudson’s Bay Company, a retailer with deep roots in the fur trade, has officially stopped selling animal fur products. This decision marks a significant shift for North America’s oldest company, which dates back to two centuries before Canada was…
Store closing events commenced on Tuesday, March 21, 2023, at all Nordstrom Canada locations, following an Order from the Ontario Superior Court of Justice obtained by Nordstrom Canada on Monday, March 20, 2023. The decision to liquidate all 13 stores…