Ethiopian Kenenisa Bekele partly blamed his state-of-the-art Nike shoes for his failure to win the London Marathon on Sunday. Bekele was wearing Nike’s Zoom Vaporfly Elite shoesand said they caused blistering.
Struggling apparel retailer Bebe Stores Inc said on Friday it would close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives following four years of losses.
UK retail sales stats painted another gloomy picture Friday but the fashion sector did not appear to be as bad as some others, although department stores have struggled, possibly hurt by this year’s later Easter.
On Thursday, Anglo-Dutch agri-food and cosmetics giant Unilever published the 1st Q revenue result, up 6.1% within a market defined as "challenging", and reiterated its confidence about reaching its annual targets.
German sports apparel brand Adidas AG expects its huge operating margin in China to shrink slightly in the long term, while its small U.S. margin grows markedly in the near term, its new CEO said on Thursday.
A pregnant Serena Williams makes the tennis superstar even more attractive to corporate sponsors, allowing her to extend her reach into maternity wear and motherhood products, sponsorship industry executives said.
Debenhams profits may have dropped in H1 but the real news was its future strategy with a new focus on m-commerce, social shopping, beauty, lingerie, footwear and accessoriss, plus plans to shut some stores & warehouses.
EBay on Wednesday forecast second-quarter profit that fell short of analysts' estimates, as it spends heavily on revamping and marketing its e-commerce platform amid stiff competition from much larger rival Amazon.com.