As the Texas-based department store retailer continues on its path out of bankruptcy, it has received court approval for a restructuring plan involving the creation of separate property holding companies.
The company's losses widened to 10.4 million euros, with online sales growing 25.5% to represent 21.8% of total revenues, which were 26 million euros. The Galician brand has also announced a new international director.
Following their store debut on Carnaby Street, the Rolling Stones have unveiled a global e-commerce shop equipped with a 360° virtual experience “so customers can shop inside the store from anywhere in the world”.
More and more retailers and brands are seeking ways to boost their sales in this difficult year and beyond and brand link-ups are a way forward. The latest is between male make-up brand War Paint For Men and Reiss.
The Fort Myers, Florida-based fashion retailer announced a year-over-year decline of 27.5% in its third-quarter revenues on Tuesday, as the Covid-19 pandemic continues to negatively affect the company’s in-store sales.
Faced with consumers who are increasingly demanding in terms of brand values, luxury labels are undergoing a sea change, extending their vision beyond products. Gucci more than others, through its unique initiatives.
Abercrombie & Fitch is to close a selection of major flagship stores, including London, Paris and Munich, it announced with its latest set of results on Tuesday. The stores have been a major drag on its performance.