Brian Sozzi

As Expected, American Apparel Files Bankruptcy, Reorganization Plans

American Apparel has taken a more demure approach to its advertising, marketing in recent months

Los Angeles—It appeared inevitable: after failing to make a profit or turnaround sales and operations since 2009, American Apparel … [Read more...]

Target CEO Pulls Plug on Canadian Division

Target Canada

Minneapolis—After taking more than two years and forking over some $1.6 billion, Target today said it would be pulling out of its … [Read more...]

JCPenney Reports Holiday Sales Comp Gain of 3.7%

JCPenney sent out this thank you to customers: "Thank you for helping us make this the most generous holiday ever. From our family to yours, Merry Christmas!"

Plano, TX—Santa was good to JCPenney during the holiday season in 2014. The department store reported Tuesday that its comparable … [Read more...]

Target CEO to Decide Fate of Canadian Stores

Target Canada

Minneapolis—Target’s venture into Canada in 2011 has been fraught with problems. Now the word is that CEO Brian Cornell is … [Read more...]

JCPenney to Close 33 Stores, Cut 2,000 Jobs

JCPenney Store

Plano, TX—JCPenney once again shook Wall Street analysts late Wednesday when the struggling retailer reported its plans to close … [Read more...]

JCPenney’s Shares Rebound on Positive Turnaround Comments

JCPenney storefront

Plano, TX—After its shares fell below $10 for the first time since 2000, JCPenney today saw a rebound after it indicated it … [Read more...]

Lululemon Athletica Q2 Beats Estimates, But Gives Conservative Outlook

“Mountains, rock climbing, longboards and good friends:” September looks at Lululemon

Vancouver—Although Lululemon Athletica reported late Thursday second quarter earnings that beat estimates, the yoga-apparel and … [Read more...]

After Selling Majority Stake, William Ackman Finally Departs JCPenney

William Ackman, hedge fund manager and the founder of Pershing Square Capital, JCPenney's largest shareholder

New York—After a controversial and often contentious tenure as JCPenney’s largest shareholder and member of its board of … [Read more...]

Sears Q2 Loss Bigger Than Expected

Apparel sales, including those from its exclusive Kardashian Kollection, have been a bright spot for Sears.

Hoffman Estates, IL—Sears Holdings Corp. today reported a bigger-than-expected loss due to weaker sales, heavy discounting and … [Read more...]

Macy’s Inc. Lowers Full Year Outlook on Disappointing Q2 Results

Macy's Inc.

New York—Macy’s Inc. today reported “disappointing” second quarter earnings with weaker-than-expected profits. The department … [Read more...]

Preliminary Reports: Holiday Sales Worst Since 2008?

Holiday Shopping

Purchase, NY--Retailers will be hoping that their post Christmas sales help boost what some retail analysts say has been a … [Read more...]

Despite Dismal Q2 Report, Johnson Says JCPenney “On Track

New jeans shops, including Levi's, premiered this month and CEO Ron Johnson says they are performing well.

Plano, TX—Despite reporting that JCPenney swung into a second quarter loss with a 23% dive in sales, CEO Ron Johnson said the … [Read more...]