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Business

Walmart cuts full-year profit forecast as fuel, labor costs spike

Walmart cuts full-year profit forecast as fuel, labor costs spike

Walmart Inc cut its full-year profit forecast on Tuesday, signaling a bigger knock to the retail giant's profit margins from surging costs of everything from fuel to labor.
Fashion
Business
Italian luxury group Zegna sees sales above 2 billion euros in mid-term

Italian luxury group Zegna sees sales above 2 billion euros in mid-term

Italy's Zegna is aiming for revenue above 2 billion euros ($2.1 billion) in the medium term, up from the 1.29 billion euros posted last year, the fashion group said on Tuesday.
Luxury
Business

Shoe Zone recovers in latest half-year as omnichannel strategy pays off

​Value-focused footwear retailer Shoe Zone appears to be recovering from the pandemic and making the most of consumer interest in budget ranges.
Fashion
Business

Delta Galil Q1 profits, revenues surge

Israel's Delta Galil announced on Monday revenues for the first quarter lifted 16%, another quarterly sales record for the company, which also posted a 26% uptick in net profits for the three months ending March 31.
Fashion
Business

Design

Tom Ford and the CFDA: An era comes to an end

Tom Ford and the CFDA: An era comes to an end

The Council of Fashion Designers of America made the announcement Monday that Tom Ford was departing the organization. 
Fashion
Design
Jacquemus unveils collaboration with Nike

Jacquemus unveils collaboration with Nike

Parisian designer Simon Porte Jacquemus has designed an accessories and ready-to-wear collection with the US sports giant, available exclusively on his label Jacquemus’s e-shop from June 28.
Fashion
Design

Tom Ford stepping down as Chairman of the CFDA

Tom Ford is stepping down as Chairman of the CFDA, bringing down the curtains on a three-year term at the organization, American fashion’s governing body, in a major suprise.  
Fashion
Design

Fashion Awards to take place on December 5 says BFC

​This year’s Fashion Awards will be the first truly-post-pandemic edition so it should be a big night with the British Fashion Council saying they’ll take place on December 5.
Fashion
Design

Appointments

REI Co-op expands leadership team with two new appointments

REI Co-op expands leadership team with two new appointments

Outdoorwear retailer REI Co-op announced on Monday that it is expanding its leadership team with two additions to its senior leadership team. 
Fashion
Appointments
Tom Ford and the CFDA: An era comes to an end

Tom Ford and the CFDA: An era comes to an end

The Council of Fashion Designers of America made the announcement Monday that Tom Ford was departing the organization. 
Fashion
Design

CEO of AllSaints joins British Retail Consortium board

​The British Retail Consortium (BRC) has beefed up the non-executive directors on its board with the appointment of two new names, including Peter Wood, the CEO of AllSaints.
Fashion
Appointments

Made.com says current trading is tough, unveils new CFO

​Made.com — the digital lifestyle brand that last week announced it’s buying Trouva — released a trading update on Monday and also revised its guidance for the year ahead.
Fashion
Appointments

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