The Japanese group recently bought the Parisian luxury label, and intends to accelerate its expansion across Asia, especially in China and Korea, while maintaining its links with Paris to capitalise on its brand image.
Skechers U.S.A Inc. announced on Tuesday revenues for the second quarter increased by more than 12%, on the back of double-digit sales growth in the footwear brand's domestic and international business, respectively.
Canada's Shopify Inc is laying off 10% of its workforce as the ecommerce company struggles with slowing growth due to a pullback in online shopping after benefiting from a pandemic-fueled surge in demand.
Concerns that eco purchases will suffer in the cost-of-living crisis could be overplayed, research suggests. Shopping with a conscience is “so important” to 65% of consumers who think about sustainability before buying.
With UK inflation rising and costs spiralling, consumer spending power continues to decline. Household disposable income fell by a record £44 a week in June, the eighth consecutive month of decline, a report shows.
There’s been speculation for some time and it’s finally been confirmed — e-tail giant THG has ended its deal with Japan’s Softbank and the latter’s massive investment in THG’s Ingenuity arm won’t now go ahead.
Budget footwear retailer Shoe Zone issued a trading update less than a month ago, but it delivered another on Tuesday and unlike some updates that come in quick succession, this one didn’t contain any bad news.