ABG to buy Ted Baker for £211m, will restructure firm and target US growth Ted BakerAuthentic Brands Group Ted Baker The sale will need to get shareholder approval but holders of a majority of the shares have already backed it…
Walmart sees lower 2023 performance in time of economic uncertainty By Reuters Walmart struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned that tight spending by…
Kohl’s slashes 2022 forecasts as inflation squeezes demand By Reuters Kohl’s Kohl’s The US department store chain joined top retailers including Target The demand slump has left several retailers with bloated inventories, forcing them to offload excess stocks through steep…
Nike underwear campaign features Manchester City star Dias Nike Nike Underwear Footballers are hugely popular as brand faces at present with fashion-focused labels at the top end of the price scale (such as BurberrySuperdry Nike said the latest launch follows…
Cuoio di Toscana consortium renews collaboration with Thebe Magugu Translated by Nicola Mira Cuoio di Toscana, a tannery consortium based near Pisa, in Tuscany, is keen to provide continuing support to emerging designers. For the Cuoio di Toscana Prize, introduced…
Amazon settlement with EU antitrust regulators possible by year end By Reuters API U.S. online retail giant Amazon Reuters Settling the EU investigations means the company will avoid a fine of as much as 10% of its global turnover. Faced…
PayPal forecasts strong full-year profit, says CEO to retire at year-end By Reuters API PayPal Holdings Inc forecast full-year profit above Wall Street estimates on Thursday and said Chief Executive Dan Schulman will retire at the end of 2023, after…
L Catterton invests in plus-size brand BloomChic Investment giant L Catterton L Catterton invests in plus-size brand BloomChic. – BloomChic The investment is expected to position BloomChic to embark on its next stage of growth and further realize its vision…
Source Fashion to be twice as big for July show Billed as “the gateway to the UK fashion industry”, the responsible sourcing show, Source Fashion, returns to London Olympia on 16-18 July, almost double the size since its debut outing…
Amazon hands out shipping software to merchants, including on rival sites By Reuters API Amazon The company is ending monthly fees of Veeqo, a shipping software firm it recently bought, for sellers including when they fulfill orders via rival platforms…
