Potential acquirers of Walmart Inc operations in Brazil have estimated the unit owes up to $3 billion (2.16 billion pounds) in back taxes to state governments, according to three sources.
Abercrombie & Fitch Co beat expectations for holiday quarter sales at established stores, driven by demand for its Hollister apparel and a rebound in sales at its Abercrombie brand after five years of declines.
New Look has officially announced its long-rumoured company voluntary arrangement (CVA) proposal with which it’s targeting a reduction in its store count and rent costs, and almost 1,000 jobs are at risk
India is likely to cut royalties paid to Monsanto Co by domestic companies for its genetically modified (GM) cotton seeds again, by 20 percent, industry and government sources said.
El Corte Ingles is preparing to accept non-cash payments through the Alipay payment system across its store portfolio, following a new agreement with e-commerce company Alibaba to attract more Asian consumers.
Undercover, the brand run by Jun Takahashi, has announced on social media that it will cease its womenswear runway shows for the time being to concentrate on menswear shows from June.
Karen Millen, the British fashion brand, is looking to expand its product offering and enter new markets in partnership with licensing management company IMG.
The German logistics group said it expected a further increase in earnings after a 7.2% jump in 2017 profit, with online shopping driving demand for parcel deliveries and a turnaround at its freight unit taking hold.
France’s competition authority may open investigations into Facebook and Google “in the next few months” after an in-depth examination concluded the pair dominate the French online advertising market.
Clothing, cosmetics and other products from the United States may be subject to European Union duties if U.S. President Donald Trump carries out his threat to impose global import duties on steel and aluminum.
Target Corp said on Tuesday it expects profit margins to stabilize in the year ahead even as they are pressured by investments in store and online operations, sending its shares down more 4 percent in afternoon trading.
One of the biggest jobs in UK fashion has gone to… a top executive from the gambling sector. Shop Direct has named Henry Birch to run the group. He's currently CEO of Rank Group and won't join Shop Direct immediately.
The Mahwah, New Jersey-based retail group reported its results for the second quarter of fiscal 2018 on Monday, with comparable sales faltering in the company’s value and premium fashion segments.
Yoox Net-A-Porter is in line with its five-year plan and core profit margins will rise 30-70 basis points in 2018, as revenue is lifted by sales through mobiles and in the Middle East, the group’s CEO said on Tuesday.
VF Corporation has announced the appointment of Velia Carboni to the new position of Chief Digital Officer. Carboni will serve on the company's executive team and report to Chairman, President and CEO, Steve Rendle.