U.S. retailer Michael Kors is betting that its acquisition of storied shoemaker Jimmy Choo will give sales a much-needed boost, but lingering problems at Kors' core bag business could delay potential benefits.
A major retail and leisure destination has launched in Northamptonshire combining big name fashion and premium brands with lakeside dining and a range of outdoor leisure activities such as canoeing and bird watching.
Fast-growing UK fashion retailer Quiz Clothing is now a listed company with the firm making its stock exchange debut on Friday July 28 on London’s Alternative Investment Market and seeing its share price rising.
Owners Morleys blamed the nearby Westfield Stratford City shopping centre and the challenging trading environment for the decline of the 125-year old department store. Bodgers is expected to close in February.
Sports Direct now owns 27% of beleaguered fashion retailer French Connection with the stake making it the second largest shareholder in the firm and just 3% below the threshold at which it must launch a takeover bid.
Converse has revealed a new brand logo on its website and social media channels that is designed to convey a younger brand image that is easily readable on social media while retaining the classic spirit of the brand.
UK consumer confidence has been relatively buoyant in recent periods given the dire warnings that had been issued before the Brexit vote. But in July, confidence dipped to a level last seen in July 2016.
In the midst of reducing its distribution network, the company’s earnings before taxes fell 23.6 percent for the first half-year with respect to 2016, equaling 55 million euros as a result of slow sales in its principal markets.
Walmart, trailing Amazon in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart's Made-in-America campaign.
Amazon CEO Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce company's meteoric stock rise to reach a fortune of $90.6 billion, Forbes reported.