Coinciding with the launch of its first store on Fifth Avenue, the brand has announced an expansion plan that aims to open 40 points-of-sale in the U.S., set to become one of its top five markets, by 2024.
Zara owner Inditex has signed an agreement worth more than 100 million euros to buy 30% of the recycled fabric to be produced by a Finnish company for three years in a push to use more sustainable materials.
Tech firm Nexite has announced a new funding injection. It takes its total funding up to $100m for its breakthrough Bluetooth tag and SaaS platform that boosts physical shopping and makes it more e-tail-like.
Failed businesses can yield rewards. Hedge funds that ran Debenhams look to have recovered most of their costs while the retailer’s administrators have clocked up £5.3 million in fees in the two years since bankruptcy.
It may be up for sale, but Ted Baker’s expansion plans are clearly not on hold. It intends to open a new store at Milton Keynes’ centre:mk mall as the retailer continues to mull “a number of non-binding proposals".
Irina Shayk is continuing her in-demand status this year and is fronting the latest Self-Portrait campaign for the AW22 pre-collection, as well as the first resort collection from Anine Bing that has just launched.
Cautious optimism sums up JD Sports Fashion’s outlook as the UK-based sports, fashion and outdoor retail giant raised its profit guidance for 2022 on Thursday. And sales for the new year's Q1 are also ahead.
Superdry CEO Julian Dunkerton talked of making progress when he delivered a full-year/Q4 update on Thursday. And while it clearly has some way to go before it's back to full health, it appears to be on the right track.