Planning ahead to secure its Q3 supply chain has been a good move for value retailer Studio Retail Group’s stock position. Especially as 40% of its sales occur in the critical Black Friday and Christmas quarter.
Improving the customer experience is paramount for retailers, and Very Group’s signature online platform has made a major leap in that area. It's moved to a stockless fulfilment model for the Adidas and Reebok brands.
Aeffe, the listed Italian luxury company, said on Tuesday that it has reached an agreement with Sinv to take over the licence for the production and distribution of Love Moschino womenswear collections.
Gieves & Hawkes, the bespoke tailoring business, could be a step nearer to closing down as the problems facing its parent company continue to weigh on its operations and a crunch creditor vote looms next week.
Under-pressure THG issued a Q3 trading statement on Tuesday and said that revenue continues to soar. Group revenue rose 38% year-on-year to £507.8 million and 93.8% on a two-year, constancy-currency basis.
PayPal Inc said it is not pursuing an acquisition of Pinterest Inc at this time, after several media reported last week that it was in talks to buy the digital pinboard site for as much as $45 billion.
Facebook Inc said on Monday it will start breaking out the financials for its virtual and augmented reality unit, an announcement that comes as its main advertising businesses face "significant uncertainty."
Go Global Retail LLC said on Monday it does not plan to make an offer for the fashion brand French Connection Group after the UK takeover panel asked the company earlier this month to make a firm offer or walk away.
Eco-friendly sneaker maker Allbirds Inc said on Monday it aims to be valued at over $2 billion in its New York IPO, joining a growing number of firms tapping into surging consumer demand for such products.
Italian fashion retailer OVS bought the long-established women's ready-to-wear label in early 2021, and has kicked off its market relaunch with a more affordable positioning and a quality, evergreen product range.