Shoppers spending relief checks on new tops, jeans and leggings are expected to fuel first-quarter revenue of more than $1 billion for American Eagle Outfitters and its Aerie brand, and growth is on track to continue in the coming months, the company said. "People will want to spend [and] people are going to want to go out and they're going to want to get back to what was normal before," CEO Jay Schottenstein said.
Wedding retailers struggled in 2020 as the pandemic forced couples around the country to cancel or reschedule their plans, leading to a $30 billion drop in wedding spending in 2020, according to The Wedding Report. Now, retailers including Kleinfeld's and David's Bridal are gearing up for significant growth this year as ceremonies are once again scheduled and brides-to-be are making plans for 2022 and 2023 weddings.
In his last letter to shareholders, Amazon CEO Jeff Bezos stressed the need for the company he founded to address workforce challenges and extend the same care it offers customers to its employees. "Despite what we've accomplished, it's clear to me that we need a better vision for our employees' success," wrote Bezos, who will turn over the CEO reins to Andy Jassy later this year.
Tokyo-based Noritsu Koki Co., Ltd. (TSE:7744) (NKC) has agreed to acquire JLab for $370 million from its previous private equity owner and the transaction is expected to close in the second quarter of 2021. NKC will provide JLab with additional resources to continue its forward progression, including product innovation and further retail expansion worldwide.
Nationwide Marketing Group is proud to announce that it has received the 2021 ENERGY STAR Partner of the Year--Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy for the 7th year in a row.
TCL is officially making OLED TVs, after the company announced a 2023 launch window for its own take on the premium television tech - and it could be great news for your wallet. OLED is an expensive technology compared to traditional LCD televisions, even though ramped-up manufacturing and wider adoption is seeing prices gradually drop. But TCL's preferred method of making OLED panels will, it tells us, be significantly cheaper, with those savings making much lower RRPs likely when the televisions launch.
Despite the iPhone 12 mini being the best small iPhone currently available, a new leak says that the iPhone 13 mini could be the last time Apple makes a small flagship smartphone.
According to a new research note seen by iMore, analyst Ming-Chi Kuo predicts that Apple plans to ditch the small 5.4-inch iPhone in favor of two 6.1-inch models, alongside two larger 6.7-inch models, with a 'Pro' version of each next year.
Kohl's will expand its board by three new members as part of an agreement with a group of activist investors that together own a 9.3% stake in the retailer. Two of the new members, Margaret Jenkins and Thomas Kingsbury, were chosen by the investors, and the third, former Lululemon CEO Christine Day, was selected by Kohl's.
Outdoor gear retail co-op REI has created Cooperative Action, a platform designed to get members and employees involved in its social and environmental projects. The company is also urging members to buy used equipment to cut down on waste in landfills, and REI has updated its standards for how it expects vendors to address issues including carbon reduction and inclusive marketing.
Overstock has hired former Amazon executive Elizabeth Solomon as its new chief marketing officer. Solomon will lead marketing efforts over home furnishings, which account for about 90% of Overstock's revenue, CEO Jonathan Johnson said.
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