Kim Bhasin

Global fashion houses shift inventory and banking on wealthy clients abroad while store traffic weakens, supply chains face delays and regional retail expansion plans stall

Lululemon, the yoga pants and athletic clothing company, has hired a former executive from a rival, Nike, as its new chief executive officer (CEO).

By Nike is cutting about 1,400 jobs in its operations division, mostly from its technology department, the company said Thursday.

WASHINGTON -- One word keeps cropping up in boardrooms and on earnings calls: resilience. CEOs are using it to describe how they are handling crisis after crisis.

Walmart, Target and Dollar General are among those investing in remodeling thousands of existing stores, even as shoppers take their dollars online.

The Target store in Paramus, New Jersey, in a shopping mall next to a wax hair removal center and a Wetzel's Pretzels, has been transformed into one of the most pristine in the company's chain.

The online marketplace has remade itself by focusing on collectibles and other high-end goods — and attracted an unwelcome takeover bid from GameStop.

Companies are pouring billions of dollars back into their stores, even as more sales move online, in an effort to lure more shoppers and raise employee efficiency at brick-and-mortar locations.

Michael Preysman, who ran the brand for a decade, can’t believe what happened to the company he built. Can he start over?

When Michael Preysman, a co-founder of the sustainable clothing retailer Everlane, heard that the brand would be acquired by fast-fashion giant Shein, he was stunned.