Retailers are using Amazon’s mid-summer Prime Day as the starting gun for their back-to-school promotions, and a longer shopping season may translate into higher spending.
The retailer is looking for ways to avoid becoming another victim of an industry slump that has seen a series of chains shutter stores or go out of business.
The Asia and Latin America-focused fashion e-tailer is postponing its listing until July due to low investor demand, according to sources.
The British high street chain reported statutory loss before tax of £522.2 million for the year ended March, compared with a loss of £190.2 million a year earlier.
Consumer spending benefited from robust employment growth and a strong pick-up in real earnings growth in the second half of 2018 and early 2019, but the outlook is now weaker.
After 10 years running Zara stores in India, Tata Group is building its own apparel empire, at half the price.
Much of the retailer's value is locked up in its real estate. Were it to sell off some of its properties to raise cash, it could fetch more than what Executive Chairman Richard Baker offered, but would then be forced to pay rent to run some of its stores.
The company is now more valuable than Manulife Financial Corp. and Canadian Imperial Bank of Commerce — two financial institutions that have been around for more than a century.
Department stores extended their losing run with clothing and footwear sales falling 4.5 percent — the most since July 2015 — because of unseasonably cold weather.
PetSmart's massively successful stock offering of Chewy.com is stoking speculation that other deeply indebted retailers will stage sales of their own.
TBH Global Co, whose brands include Basic House, is considering a sale of its Chinese business that could raise about $200 million.
The owner of Simply Be and Jacamo reported a rise in clothes sold online amid its digital push. It closed its last 20 stores in August.
The company has ‘taken immediate action to identify and remove listings linked to the looting,’ and has ‘stepped up monitoring of suspicious listings,’ a Vinted spokesperson said in a statement. ‘When our rules are breached, we act against the accounts involved, up to permanent bans.’
Pontegadea Inversiones SL acquired the 51-story One North Wacker in the city’s business district in one of the biggest US office deals this year.
Independent creatives can apply to utilise pop-up spaces at Light House to sell merchandise and meet with clientele.
The ultra-fast fashion company said sales had been bolstered by marketing partnerships with music festivals, a pop-up shop on London’s Oxford Street and local Christmas gift events.
The departure of Athleta’s CEO for Lululemon is a chance to ‘reimagine the brand’s path forward,’ Gap Inc. CEO Richard Dickson wrote in an internal memo viewed by Bloomberg.
The department store’s Leeds and Bristol outlets will be converted to the Flannels brand in a shake-up under Mike Ashley’s Frasers Group, which purchased the chain when it was put into administration in mid-August.
Maggie Gauger is joining Lululemon as chief product officer as new CEO Heidi O’Neill looks to revive sales.
The company lost out in its third quarter because of a decision to market baggy jeans over low rise, but still raised its sales outlook for the year.