Nathaniel Meyersohn, CNN Business, Author at newswatchplus.ph

Victoria’s Secret brand CEO abruptly resigns

Nathaniel Meyersohn, CNN Business — Wed, 04 Jan 2023 16:56:55 +0000

(CNN) — Victoria’s Secret brand CEO Amy Hauk has resigned less than a year into the job, the company said Tuesday. Hauk, who was also CEO of the company’s Pink apparel brand geared to teens, notified the company of her resignation last week, the company said. She will leave Victoria’s Secret in March. Martin Waters, the

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Adidas will continue to sell Kanye West’s shoe designs without the Yeezy name

Nathaniel Meyersohn, CNN Business — Thu, 10 Nov 2022 10:13:35 +0000

(CNN) — Adidas ended its sneaker partnership with Ye, formerly known as Kanye West, last month after the musician’s anti-Semitic tirade. But Adidas will continue to sell the lucrative sneaker and apparel line, stripped of the Yeezy name and branding. The company said it’s the sole owner of all Yeezy line design rights for both

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A sign inflation is easing: Walmart is slashing prices on clothing and other products

Nathaniel Meyersohn, CNN Business — Tue, 26 Jul 2022 18:04:10 +0000

(CNN) — Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in four decades pinches their pocketbooks. That’s left Walmart and other retailers stuck with too much clothing and bigger-ticket stuff sitting on their shelves. To help clear out the backlog, Walmart is cutting prices on some items

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Old Navy won’t keep women’s plus-size clothing in a separate section

Nathaniel Meyersohn, CNN Business — Thu, 19 Aug 2021 01:19:17 +0000

Courtesy: Old Navy

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Ikea loyal customers can now win a candle that smells like its famous meatballs

Nathaniel Meyersohn, CNN Business — Sun, 08 Aug 2021 11:19:35 +0000

(CNN) — Ikea is famous for the Swedish meatballs served at its stores’ cafeterias. Now, it’s turning those meatballs customers love into … scented candles. Ikea is offering meatball-scented candles as a prize in a sweepstakes event for “Ikea Family” loyalty club members to celebrate the 10-year anniversary of the free loyalty program. Ikea hopes that

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Victoria’s Secret’s ‘sexy for all’ strategy boosts sales and shares

Nathaniel Meyersohn, CNN Business — Sat, 26 Jun 2021 10:35:16 +0000

(CNN) — Victoria’s Secret’s brand image was in tatters, and its owner finally had an escape route. In February 2020, L Brands, the publicly-traded parent of Victoria’s Secret and Bath & Body Works, struck a $525 million deal with private equity firm Sycamore Partners to give up its majority stake in Victoria’s Secret and take

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Rising wood prices are making your toilet paper more expensive

Nathaniel Meyersohn, CNN Business — Sat, 08 May 2021 10:33:21 +0000

(CNN) — Just when you thought you were in the clear to stock up on toilet paper again, wood pulp, the primary raw material used to make it, is getting more expensive. “We’ve never seen monthly price increases like this in the history of the business,” said Brian McClay, a pulp industry analyst. “It’s unheard of.”

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Malls and retail stores in the US are reopening. But shoppers may not come back

Nathaniel Meyersohn, CNN Business — Mon, 04 May 2020 09:28:50 +0000

Retailers moving ahead with reopenings are not entirely sure what to expect from shoppers.

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Victoria’s Secret is canceling its fashion show

Nathaniel Meyersohn, CNN Business — Fri, 22 Nov 2019 08:03:39 +0000

(CNN) — Victoria’s Secret parent company L Brands confirmed on Thursday that it will not air its fashion show this year after falling ratings and backlash to the event in recent years. “We think it’s important to evolve the marketing of Victoria’s Secret,” L Brands Chief Financial Officer Stuart Burgdoerfer said on a call with analysts

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