Shopify’s revenue forecast fails to impress, shares fall By Reuters API Shopify Reuters U.S-listed shares of Shopify, which started 2022 as the most valuable Canadian company before losing three-quarters of its value, fell about 8% in extended trading. The technology…
De’Aaron Fox joins Curry Brand as first signature athlete Under Armour De’Aaron Fox joins Curry Brand. – Curry Brand As part of the partnership, Fox will work closely alongside Stephen Curry and Curry Brand to innovate footwear and apparel, and…
Franchise Group joins bidding for Kohl’s By Reuters Franchise Group Inc, owner and operator of retail stores such as The Vitamin Shoppe and Buddy’s Home Furnishings, has entered the race for Kohl’s Franchise Group’s bid is not the highest offer,…
H&M’s Sellpy launches new app H&MsecondhandApple Sellpy The app was developed in-house by Sellpy’s engineering team and is available in all of its 24 markets. The company said it “currently covers the most crucial aspects of second-hand shopping” but will…
Nextil announces the resignation of its CEO and signs €4 million loan with primary shareholder By Europa Press Translated by Roberta HERRERA On Tuesday Nextil announced the resignation of Manuel Martos as a board member and CEO, effective from October…
Walmart’s long-lasting challenge: luring budget shoppers back to its stores By Reuters API Walmart Inc could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than driving farther to a Walmart…
France’s Burton of London enters receivership Translated by Cassidy STEPHENS Following an application by its director Thierry le Guénic, the mixed-fashion chain Burton DR At the end of February, 26 of the company’s 110 outlets closed, resulting in the loss…
Pronovias reports losses of €326 million prior to change in ownership Translated by Roberta HERRERA The PronoviasBain Capital One of Pronovias’ stores – Pronovias According to the financial newspaper Cinco Días, based on the financial statement filed with the Commercial…
US’ P&G shareholders elect all 14 director nominees By Fibre2Fashion The Procter & GambleP&G P&G’s board is made up of skilled and experienced leaders who provide expert guidance and oversight informed by their unique personal and professional backgrounds. The elected…
Macy’s warns of discounts hitting annual profit as inflation saps demand By Reuters Macy’s The company joined other top retailers, including rival Kohl’s Macy’s inventories were up 7% at the end of the second quarter, prompting the department store chain…
