retail

Zappos — the Amazon-owned online shoe retailer — appears to be launching a brick-and-mortar location. Sources said that Zappos has leased the three-level, roughly 16,000-square-foot corner of 19 Union Square West at 15th Street that was previously home to American Eagle and its concept-store spinoff, AE Studio. In addition to word of the deal from …

US retail sales recovered to pre-coronavirus levels last month as stores continued to do business despite the pandemic, but the rate of growth fell below expectations as COVID-19 infections surged and stimulus funds ran dry. Merchants raked in about $536 billion in July, up 1.2 percent from the prior month and roughly 1.6 percent above …

British boot maker Dr. Martens has paid back a government aid package meant to support its workers during the coronavirus pandemic following a massive sales surge. The iconic brand known for its chunky footwear revealed the decision Wednesday as it reported a 48 percent revenue spike that nearly doubled its profits for the fiscal year …

Brooks Brothers will likely be sold out of bankruptcy for $325 million this week after the storied retailer’s leading suitor hiked its offer by $20 million. The New York-based clothier picked Sparc Group LLC — a partnership between mall owner Simon Property Group and brand-licensing firm Authentic Brands Group — as its winning buyer late …

What better time to announce a fur ban than during a heat wave in August? Paragon Sports, New York City’s go-to sporting goods retailer for over a century, has quietly announced that it will no longer sell fur products in its store once the winter season end. “There has been considerable innovation in the non-fur …

Lord & Taylor, the oldest department store in the US, has become the latest retailer to file for bankruptcy protection. The nearly 200 year-old chain, which got its start in 1826 as a dry-goods store in Manhattan’s Lower East Side, said in a Sunday bankruptcy filing was pushed over the edge by the “unprecedented strain” …

Under Armour reported a smaller-than-expected quarterly loss on Friday, as it sold more merchandise online with customers staying at home during the coronavirus lockdowns, sending its shares up about 10 percent in early trading. Even as stores were temporarily shut, activewear companies such as Under Armour have been able to benefit from demand for home …

Victoria’s Secret owner L Brands plans to slash about 850 corporate jobs as the lingerie chain grapples with a downturn in sales. The Ohio-based company announced the layoffs — which amount to roughly 15 percent of its corporate workforce — on Tuesday under a plan to cut about $400 million in annual costs as it …

The private equity firm that backed out of a deal to buy Victoria’s Secret in the midst of the coronavirus pandemic appears poised to win an auction to buy JCPenny out of bankruptcy, The Post has learned. Big Apple-based Sycamore Partners has offered $1.75 billion to buy the 118-year-old department store chain with plans to …

A shopping-mall giant and a brand-licensing firm have offered to buy Brooks Brothers out of bankruptcy for $305 million. Sparc Group LLC — a partnership between Authentic Brands Group and Simon Property Group, the nation’s largest mall operator — announced its bid late Thursday to acquire “substantially all” of Brooks Brothers’ global operations along with …