Dick’s Sporting Goods, the popular U.S.-based retailer, has announced plans to hire only 8,000 seasonal workers for the upcoming holiday season, marking a significant reduction compared to the previous year. This 600-worker decrease reflects growing concerns about consumer spending trends and economic uncertainty in the retail sector. Despite the cut, Dick’s is determined to maintain […]
Bath & Body Works, Inc. (NYSE: BBWI), a premier retailer in the personal care and home fragrance market, has embarked on a transformative collaboration with Accenture (NYSE: ACN). This multi-year initiative aims to modernize and streamline Bath & Body Works’ core digital and technology platforms as part of a broader strategy to elevate the brand […]
US fashion retailer L Brands and private equity firm Sycamore Partners have agreed to mutually terminate the previously announced $525m sale of a 55% stake in Victoria’s Secret Lingerie to the latter. The termination of the deal avoids a potential legal battle between the parties after Sycamore Partners filed a lawsuit in the Court of […]
US fashion retailer L Brands has agreed to sell 55% stake in Victoria’s Secret Lingerie to private equity firm Sycamore Partners for about $525 million. As per the terms of the deal, Victoria’s Secret, which has been valued at $1.1 billion, will be separated from the fashion retailer into a privately-held company under the majority […]