Premium e-commerce marketplace Secret Sales has hired six “star” senior execs with impressive track records at some of fashion’s biggest names. They’re filling new positions as it expands at home and abroad.
TJX Cos Inc forecast current-quarter same-store sales to fall up to 20% after reporting a bigger-than-expected loss for the previous three months, sending the off-price retailer’s shares down about 7%.
Forget fast or slow fashion, now it’s ground to a halt. A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns.