Surfstitch will extend its current trading halt on the ASX, on the back of implications from a $100 million class action and "the high level of uncertainty around the negotiations with the litigation funder."
Movado Group Inc. saw a major drop in sales for the first financial quarter of 2018, from $114.1 million in the same quarter last year to $99.3 million. The New Jersey-based company will put its focus on new products.
South African-based retailer Massmart reported on Thursday a near 2 percent fall in overall same-store sales in the first five months of the current year, as outlets outside its home market underperformed.
The Fair Wear Foundation and ILO Better Work, a flagship program of the UN’s International Labour Organisation, will collaborate to help garment companies ultimately enhance their ability to improve labour conditions.
Strong earnings from the battered U.S. retail sector, which helped lift Wall Street on Thursday, also boosted shares of the hard-hit real estate investment trusts that own the properties where the retailers are located
Athletics must expand its range of sponsors beyond sport shoe and clothing makers as it seeks to grow sport nationally and internationally, the president of USA Track & Field (USATF) said in an interview with Reuters.