Sales at French luxury group Kering's top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market.
UK retail sales volumes continued to fall month-on-month, albeit slightly, in the year to July, according to the latest CBI Distributive Trades Survey. Online sales volumes also painted a similar picture.
Stylus has released a new platform and refreshed its branding “to signal a new phase of growth under CEO Victoria Rennie”. It worked with Re Design on its brand strategy, and Matter Of Form on the new platform.
The Japanese group recently bought the Parisian luxury label, and intends to accelerate its expansion across Asia, especially in China and Korea, while maintaining its links with Paris to capitalise on its brand image.
Global manufacturer and marketer Delta Galil Industries, Ltd. announced on Tuesday the acquisition of Organic Basics.
Skechers U.S.A Inc. announced on Tuesday revenues for the second quarter increased by more than 12%, on the back of double-digit sales growth in the footwear brand's domestic and international business, respectively.
Shares of U.S. retailers slid on Tuesday after a forecast cut from industry bellwether Walmart Inc stoked fears of a broader slowdown in spending as high inflation raises costs for consumers.
Canada's Shopify Inc is laying off 10% of its workforce as the ecommerce company struggles with slowing growth due to a pullback in online shopping after benefiting from a pandemic-fueled surge in demand.
Adidas on Tuesday cut its 2022 earnings target, citing a slower-than-expected recovery in China from pandemic restrictions.
The thermal insulation material specialist and supplier of outdoor clothing and equipment was acquired for $530 million this month by American holding company Compass Diversified.
The world's top luxury group LVMH said Tuesday that sales and profits jumped in the first half of the year despite the uncertain economic environment.
Concerns that eco purchases will suffer in the cost-of-living crisis could be overplayed, research suggests. Shopping with a conscience is “so important” to 65% of consumers who think about sustainability before buying.
With UK inflation rising and costs spiralling, consumer spending power continues to decline. Household disposable income fell by a record £44 a week in June, the eighth consecutive month of decline, a report shows.
Retailers are among thousands of UK businesses that have been forced to close down while awaiting rebates for property taxes, according to new data.
JD Sports Fashion’s search for a CEO is over and it has chosen a seasoned retail executive with experience in a wide range of categories, both in the UK and abroad, it was claimed on Tuesday.
