Vince was the first brand in the contemporary fashion market to establish a rental service.
The deal establishes a new kind of partnership and marks the first time Nordstrom has invested in fashion brands.
After a string of monthly sales growth, retailers are poised for robust back-to-school and holiday sales.
By taking an ownership stake in CodeBoxx, MadaLuxe hopes to see more women, people of color and veterans getting tech jobs.
There’s been a recent string of high-level appointments at the luxury retailer.
The new format will debut in the Mosaic District shopping center in Fairfax, Va., on Aug. 26 and carry an “approachable mix” of well-known designers and emerging labels.
Over one third of those that Nordstrom surveyed said they were bored with their wardrobes and haven’t worn anything work-related since the start of the pandemic.
The CEO says that last year, 70 percent of Torrid’s volume was e-commerce, there was only a 9 percent return rate and the business is not dependent on store openings.
Gap is closing stores in the U.K and Ireland but in negotiations for partners to take over stores in France and Italy.