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“#Buying diamonds? WhatsApp can be your best friend” MILAN – As Italy entered a new coronavirus lockdown and shut shops in March, Genoa-based jeweler Gismondi 1754 turned to messaging service WhatsApp to sell a 300,000 euro diamond ring to a wealthy Swiss client. At the same time, sales assistants at luxury puffer jacket brand Moncler…
“#GameStop reportedly initiates search for new CEO” GameStop is looking for a new chief executive to replace George Sherman as it pivots from being a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. It would be the biggest shakeup at GameStop since Ryan Cohen, the co-founder…
“#Mike Lindell claims ‘bots and trolls’ behind My Pillow petition” My Pillow guy Mike Lindell claims that “bots and trolls” are behind a popular petition urging major retailers to cut ties with his company — and he’s hired private eyes to prove it. In an interview with The Post, Lindell blasted as fake a Change.org…
“#Petition for My Pillow to be pulled by retailers hits 100K signatures” A petition urging major retailers to cut ties with My Pillow has racked up more than 100,000 signatures as CEO Mike Lindell pushed baseless election fraud claims. The Change.org petition was launched in mid-January after Lindell visited then-President Donald Trump following the Capitol…
“#Victoria’s Secret owner raises financial outlook — again” Shares of Victoria’s Secret’s owner surged more than 6 percent on Friday after the company raised its financial outlook for the second time in two weeks. L Brands said “improved sales trends” at the lingerie giant and at its Bath & Body Works chain convinced it to…
“#Fancy duds are selling again but full recovery may take years” n an otherwise bleak picture after a year of coronavirus lockdowns, a bright spot has emerged for the apparel industry: Americans are finally shedding their loungewear for dressier clothes. The uptick started around Valentine’s Day as consumers began putting jeans, dresses and casual button-down…
“#Les Wexner steps away from board of Victoria’s Secret owner” Les Wexner is finally cutting ties for good with his decades-old retail empire, which currently controls the Victoria’s Secret and Bath & Body Works chains. The 83-year-old billionaire retail icon — whose business ties to the late pedophile Jeffrey Epstein have long stirred controversy —…
“#Dick’s Sporting Goods is launching a Lululemon rival for men” Dick’s Sporting Goods is launching a new men’s apparel brand — and it will have more in common with Lululemon than Nike or Under Armour. The new “athleisure” label, VRST, is the second proprietary brand — following Calia for women by Carry Underwood — to…
“#Fashion giant H&M pauses placing new orders in Myanmar” STOCKHOLM – Sweden’s H&M, the world’s second-biggest fashion retailer, said on Monday it was shocked by the use of deadly force against protesters in Myanmar and that it had paused placing orders in the country. Police and military have killed more than 50 people to quell…
“#GameStop stock surges as investor Ryan Cohen takes on bigger role” GameStop’s stock price soared Monday as the the struggling video-game retailer revealed that activist investor Ryan Cohen had taken charge of its turnaround. Shares in the Texas-based chain jumped 11 percent to $153.00 in premarket trading as of 8:35 a.m. after it announced that…