Retail Roundup—Design chief leaves J. Crew, H&M hits new low

J.Crew Nordstrom
J. Crew has seen a series of sales declines.

Longtime design chief leaves J. Crew

J. Crew's longtime design chief Jenna Lyons announced she will leave the retailer when her contract expires in December. Somsack Sikhounmuong, who currently leads women's design, will be promoted to the position of chief design officer. The news comes after a series of sales declines at J. Crew's namesake label. (CNBC)

H&M reaches four-year low

Sales in the year to date have not lived up to H&M's expectations and price cuts have been made to clear inventory over the next three months. The fast-fashion brand has been struggling to keep up with rival Inditex, parent company of Zara. (Bloomberg)

Wantable drops plans for HQ

Online retailer Wantable dropped plans to buy a former supermarket in Milwaukee to convert into its new headquarters. The retailer will now start a new search for its operations, as the previously picked location has too many structural damages. The company is looking for between 100,000 and 150,000 square feet. (Journal Sentinel)

Dollar General to acquire 323 stores

Dollar General will acquire 323 small discount stores that spun off in the Dollar Tree-Family Dollar merger of 2015. The stores, currently under the Family Dollar banner, were acquired less than two years ago by private equity firm Sycamore Partners, which had originally planned to convert the stores to Dollar Express until the recent sale. (Supermarket News)

Suggested Articles

Costco changes up its menu items, and Alibaba and Guess partner for a physical store.

Janey Whiteside, Walmart's new chief customer officer, is well acquainted with the importance of customer service in modern retail.

Whole Foods will offer deals on Amazon's Prime Day, and tariffs against China are causing pricing hikes.