The new chairwoman also invested an undisclosed amount in the company which also saw interim ceo Cliff Moskowitz depart.
The company continues to look for a permanent ceo.
Shares of Gap shot up on news of its new Yeezy deal, a boost that benefits both the retailer and West.
With many consumers now accustomed to staying close to home, retailers are trying more innovative strategies to try to welcome them back.
Optimism over getting back in business has been dampened by rising cases of COVID-19.
Macy’s continues to dramatically streamline to survive through the pandemic.
Even as cases of the coronavirus keep rising in the state, Gavin Newsom is not yet following other states in pulling back on reopening.
The U.S.’s handling of the pandemic has many European shoppers buying fewer American goods, a trend that could linger.
Due to COVID-19 disruptions, China is expected to claim this mantle sooner than expected.
ThredUp’s latest 2020 report analyzes the acceleration of resale, in light of the coronavirus pandemic and economic recession.