EU antitrust regulators on Tuesday charged U.S. retail giant Amazon with distorting competition in online retail markets and also opened a second investigation into its e-commerce business practices.
German sportswear firm Adidas expects sales to decline in the last three months of the year despite forecasting a return to growth in China, as coronavirus lockdowns return.
Landlord Landsec released its half-year results Tuesday admitting the impact on its performance from unpaid rent and service charges was “significant”.
New Look has this week completed its major recapitalisation that “significantly reduces long-term debt and provides financial strength and flexibility to deliver a sustainable trading platform for the company,” it said.
A U.S. judge on Monday approved a deal to rescue J.C. Penney from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have put the department store chain out of business.
The fashion consignment marketplace announced a net loss of $43.3 million, or $0.49 per share, for the third quarter on Monday, as gains in direct revenue failed to make up for declines in consignment and services.
Following the launch of a new strategic direction earlier this year, RYU Apparel inc. (Respect your Universe) announced on Monday new initiatives that will allow the renewal of the RYU brand.
Walmart Inc, the world’s largest retailer, is selling its retail operations in Argentina to South American supermarket chain owner Grupo de Narváez, pulling back as the country grapples with an economic crisis.
The brand has dismissed drastic changes in favour of plans seeking to adapt its workforce in order to minimise the impact on employees. CEO Alberto Ojinaga intends to "ensure the survival and stability of the company."
Colorado-based apparel and footwear group VF Corporation announced on Monday that it will acquire NYC streetwear brand Supreme for $2.1 billion. The company plans to achieve $1 billion in sales with the label by 2024.
Athletic brand Asics said that despite the challenging conditions, its EMEA unit has reported growth in key markets and that the region’s e-commerce revenue in the year to date is up 134.4%.
Fresh from selling its stake in Farfetch, private equity firm Eurazeo has announced an investment in Axel Arigato, the Swedish premium sneaker, ready-to-wear and accessories brand.
Jewellery giant Pandora won't be closing any of its thousands of stores permanently as a result of the business downturn due to the pandemic. Its CEO said the business needs a seamless mix of online and offline.
The Kearney, Nebraska-based apparel retailer has built on the signs of recovery seen in the second quarter and posted a 12% year-over-year increase in its Q3 sales.
Ennio Fontana, who has been general manager at Roberto Cavalli since October, has clear ideas on how to set the company on a new path, with plans covering every angle: collections, licenses, wholesale and retail.
