The British suit retailer abandoned its final dividend payout as it grappled with weak demand and the costs of Brexit plans.
The agreement is a step toward restructuring borrowings for the heavily indebted company.
Shop vacancy rates are rising across the board, with local high streets hit the hardest and the recent Yellow Vest protests further causing store closures.
This week, everyone will be talking about Brexit, Galeries Lafayette's opening against the backdrop of the Yellow Vest protests in Paris and H&M's latest earnings report. Read our BoF Professional Cheat Sheet.
While sister line J.Crew and rival retailer Gap shuttered dozens of locations, the millennial-centric apparel brand opened four new stores this year.
As the brand’s losses widen and margins shrink, a search for a new CEO continues.
Turns out most Amazon-branded goods are flops that don’t threaten other businesses at all, according to Marketplace Pulse.
The annual TV show did not mention global brands for the first time in years, and instead focused on local makers and consumer privacy,
Ashley's Sports Direct, Debenhams' biggest shareholder, made its unsecured loan offer with conditions including the appointment of Ashley as chief executive.
Superdry, shares in which slumped 68 percent over the last year, has already said that it does not want founder Julian Dunkerton back, asking shareholders to vote against him
EBay is missing opportunities as online shopping reshapes the $20 trillion in annual global retail spending
The German company has closed under-performing Reebok stores and allowed some licensing deals to expire, while allocating more resources to marketing.
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
The online marketplace is looking to simplify operations and shift resources to its fastest-growing areas, Reuters reported.
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.