The women's apparel retailer is set to leave Chapter 11 with 20 fewer stores as it looks to boost its e-commerce game.
With a new CEO and new financial and marketing chiefs tapped this week, the teen apparel retailer now has a short window to turn things around.
The apparel retailer is meanwhile trimming back its Gap and Banana Republic locations.
The apparel retailer posted 12% top-line growth — and a mind-boggling 34% same-store sales increase at its lingerie brand — but holiday discounts and e-commerce costs hit margins.
Gap said on Tuesday that Jeff Kirwan, president and chief executive of its eponymous brand will leave the apparel retailer.
The fast-growing men's casual apparel retailer is buttoning down its inventory optimization and tracking with RFID.
The struggling women's apparel retailer is trying to increase fashion offerings without alienating its core base of older customers.
The apparel retailer entered Chapter 11 with plans to close 65% of its stores, saying that physical over-expansion and 2017's devastating hurricanes destroyed its bottom line.
As a second-hand apparel retailer, ThredUp's hands are tied when it comes to an actual subscription service, but these curated boxes aim to get a stream of steady orders.