Garment makers in nine countries spanning Asia, the Middle East and North Africa have banded together to demand better contract terms from global clothing retailers, according to a draft document seen by Reuters.
Once the preserve of gamers, virtual reality (VR) has been seized on by the financial sector as a way of enlivening home working for isolated executives and replicating real-world sales, networking or training events.
Nordstrom Inc reported a bigger-than-expected loss on Tuesday, as the COVID-19 pandemic shut its stores for about half of the reported quarter and consumers stayed home with little need for designer clothes.
Nordstrom forecast a 2020 profit largely below market expectations on Tuesday, after the upscale apparel retailer missed estimates for fourth-quarter revenue, sending its shares down nearly 8% in after-market trading.
According to a new study, although increasing numbers of retailers are prioritizing customer-centric initiatives, a vast majority believe that they are not effectively adapting to the demands of hyperadoptive consumers.