Tag: the-retail
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Kit and Ace, Lululemon founder’s new venture, fires 10 percent of HQ staff
By Julie Gordon VANCOUVER (Reuters) – Kit and Ace, the retail start-up launched by Lululemon Athletica Inc founder Chip Wilson’s family, has laid off roughly 10 percent of staff at its Vancouver headquarters, as the closely-held company slows its rapid pace of expansion. “Like other tech start-ups, we are in a constant pursuit of learning,…