Bloomberg Digital brands looked headed for a reckoning a year ago, with bloated valuations, rising advertising costs and ever more competition. Then the Covid-19 pandemic hit the US and gave a giant gift to brands that mainly sell directly through the web. With their brick-and-mortar competition shuttered and the virus raging, Americans flocked online and loaded up on home goods, ...

Bloomberg Urban Outfitters Inc plummeted after reporting a tough holiday quarter and a planned exit for the CEO of its namesake brand. The retailer said in a statement that Trish Donnelly, chief executive officer for the Urban Outfitters chain, will depart at the end of the month for a new opportunity. Sheila Harrington, who already runs the Free People brand, ...

Bloomberg The week before Joe Biden’s inauguration, downtown Washington looks like a city preparing for war. A huge swath of the city core is blocked off, patrolled by uniformed National Guard forces as part of a build-up not seen since the Civil War. And the US capital is getting even more fortified as federal, state and local officials brace for ...