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Designer Brands Reports 44.7 Pct Drop In Net Sales Amid Pandemic

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Designer Brands Inc. The company operates almost 1,000 retail stores under names like DSW Designer Shoe Warehouse and The Shoe Company. percent for the first quarter of 2020, in comparison to a 3 percent rise in the same quarter of fiscal 2019, according to an announcement. reported that net sales plunged by 44.7

Branding 141
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Gap Brand CEO Stepping Down

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Gap Brand announced that its CEO Jeff Kirwan was leaving the company, just as the retailer gets ready to reveal its fourth-quarter results. While I am pleased with our progress in brand health and product quality, we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand,” Gap Inc.’s

Branding 100
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Why Walmart’s eCommerce Expansion Is Facing Resistance From Premium Brands

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To bring higher-end products to its website, Walmart had courted brands like water-filtration company Katadyn for months. As part of its efforts, the retailer gave some brands the opportunity to determine how outside sellers on the its website price and display their products. These brands are objecting because of pricing.

Branding 101
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Are Online Resale Sites Rife With Counterfeits?

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Online Resale. Online resale has become all the rage — even for retailers like Neiman Marcus — from a little bit of everything on OfferUp to fashion-focused Poshmark and high-end The RealReal and 1stdibs. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales.

Online 101
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CoverHound Raises $58M For Expansion Of Insurance Platform

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CoverHound, the online property and casualty insurance platform operator, announced Tuesday (Feb. In a press release , the San Francisco startup that has sold more than 200,000 policies online said the Series D funding round was led by global insurer Hiscox and included participation from Chubb, Aflac Ventures, MS&AD of Japan.

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N26’s UK Customers Scramble After Bank’s Exit

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Online bank N26 ‘s decision to exit the U.K. The Berlin-based digital bank said it would not be able to operate in the country anymore in the wake of Brexit, as it will no longer have a license to do business there. By comparison, competitor Monzo has 3.6 has customers feeling left behind, CNBC reported. ”

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American Airlines Uncorks Wine Delivery Program To Clear Shelves, Promote Travel

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airline would suddenly announce that it is launching a brand new wine delivery service, given the many other pandemic-related challenges that it is currently facing. By comparison, even in its current reduced capacity, American still did $3.2 At first blush, you might wonder why the largest U.S. million per day.