Employees of India's Future Retail have asked the Supreme Court to allow the company to sell its retail assets and rule against Amazon.com Inc in an ongoing dispute, citing risks to 27,000 jobs.
The American fashion retailer reported Q3 net sales of $905.2 million on Tuesday, a figure that represented an increase of 10% compared to $819.7 million in the prior-year period, led by a 17% rise in the United States.
Clearpay is now offering UK retailers access to millions more shoppers. The Australian buy-now-pay-later financier has introduced another cross border trading option for its 6,000+ UK merchant partners.
It’s official: the Christmas trading period has begun in Britain. Week-on-week footfall to UK retail destinations rose faster than it had done in previous weeks across the latest seven days (14-21 November), rising 4.1%.
It doesn’t open until 2023, but three major fashion names are already lined up to be part of the Grantham Designer Outlet Village development. Armani, Hugo Boss and Moss Bros have signed to take space.
American Eagle Outfitters said on Tuesday its inventory levels jumped ahead of the holiday season as it spent more on freight to overcome supply-chain disruptions, after posting better-than-expected quarterly results.
Facing scarce year-end inventories and a shortage of workers, retailers are turning "Black Friday" into a month-long event.
The French luxury ready-to-wear and accessories label founded in 2009 has teamed up with Dutch e-bike brand VanMoof to launch an electric bike model.
The label led by Guram Gvasalia will unveil its Fall/Winter 2022-23 collection online on Thursday evening, and it is planning to stage a physical show in January for its new line, VTMNTS.
M&S is going all out to expand its brand offer and its latest move is to buy a 25% stake in Nobody’s Child for an undisclosed price and it’s “evolving its partnership” with the business.
Google is aiming to help the fashion industry become more sustainable and has linked with Stella McCartney, The Textile Exchange and the World Wide Fund for Nature on the Global Fibre Impact Explorer tool.
Threads giant Coats Group seems to be bouncing back from the pandemic with the company on Tuesday saying that in the three months to the end of October, its organic revenue was 6% higher than the same period in 2019.
The American fashion retailer reported a year-over-year increase of 16.7% in its third-quarter net sales on Monday and a 14.6% rise compared to the same period two years ago, as progress online offset in-store declines.
The American group, which is set to complete its acquisition of Reebok in 2022, had been planning a New York IPO, but has instead decided to sell stakes to CVC and HPS.
Amazon's latest spat with Visa shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it's not a crisis for the payment company.
