The San Francisco-based lifestyle retailer announced a net loss of $152 million, or $0.40 per diluted share, for the third quarter, on Tuesday, as the company struggled with ongoing global supply chain issues.
Gap Inc on Thursday raised its full-year net sales forecast for the second time, betting on hot demand for its Old Navy and Athleta clothing brands as socializing makes a comeback with easing pandemic curbs.
LK Bennett is launching the fashion rental service that was flagged earlier in the year. LK Borrowed, its first monthly subscription rental service, lets shoppers “rent some of our most popular pieces”, it said.
The American fashion group announced on Tuesday that it has entered into an agreement to sell its Intermix womenswear brand to Altamont Capital Partners as it pushes forward with efforts to streamline its portfolio.
As fashion rental services go this is claiming to be a UK first. US-based B2B rental tech platform CaaStle is expanding overseas to power a subscription rental service with UK menswear retailer Moss Bros from 20 April.
The American fashion retailer has announced the launch of [email protected], a collaborative platform supporting women workers in the global supply chain, as well as a set of ambitious gender equity targets for 2025.