The “optimisation” of the French inventory clearance specialist's “geographical footprint,” announced after the recent share capital increase, is under way in Germany, Poland and the UK, sources told FashionNetwork.com.
Topshop owner Arcadia could reportedly close 100 locations in its vast stores empire as leases on the shops come to an end by late 2020. That would follow more than 200 closures that have happened since 2016.
One year after the arrival of Agnès Sarah Espinasse as CEO, Smalto has presented the first collection of creative director Jean-Luc Amsler, an event which was also a chance to show off new ambassador Yannick Agnel.
Sears’ unsecured creditors have filed an objection to the deal proposed by chairman Eddie Lampert to save the bankrupt retailer, claiming its failure was “precipitated by years of years of misconduct” by the executive.
Amazon has shown itself to be a boon for its small and medium-sized business partners, with over 50,000 exceeding $500,000 in sales in Amazon stores worldwide for 2018, and nearly 200,000 surpassing $100,000.
Tiffany & Co tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home.
Apparel maker VF Corp raised its full-year revenue and profit forecast on Friday, as demand for its high-margin, popular Vans sneakers continues to boost sales, sending the company’s shares up as much as 15 percent.