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business strategy cost-cutting DTC strategy earnings report layoffs Nike restructuring wholesale strategy
Nike has laid out plans to cut $2 billion in costs over the next three years.

Nike Plans to Cut $2 Billion in Costs; Layoffs Imminent as Strategy Pivot Continues

Nike has laid out a plan to cut up to $2 billion in costs over the next three…

News January 2
activist investor earnings report Engaged Capital executive appointments The North Face transformation strategy vans VF Corp.
Vans' dismal performance is a large part of what is prompting a turnaround push at owner VF Corp.

Vans, North Face Owner VF Corp Launches Transformation Strategy Following Investor Pressure

VF Corp, parent company of brands including The North Face, Vans, Timberland and Supreme, has unveiled its “Reinvent”…

News November 2
annual forecast earnings report profitability Rent the Runway rental program subscription commerce turnaround plan
Rent the Runway is expecting lower revenues in 2023 than originally forecast as it continues its pursuit of profitability.

Rent the Runway Plans to Sacrifice 2023 Revenue to Meet 2024 Profitability Goal

Rent the Runway has lowered its revenue expectations for 2023, now saying it plans to at least match…

News September 11
earnings report financial results Nordstrom nordstrom rack Q2 2023 earnings
Although Nordstrom’s net sales decreased 8.3% year over year in Q2 2023, the retailer points to operational efficiency and savings as a bright spot.

Nordstrom Doubles Down on Rack Business Following 8.3% Revenue Drop

Nordstrom’s net sales decreased 8.3% year over year in Q2 2023, which ended on July 29. The company…

News August 28
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