Shares of Foot Locker Inc plunged as much as 36% on Friday following a bleak full-year forecast that underlined the footwear retailer's struggles as biggest supplier Nike Inc ramps up selling directly to customers.
Clarks has introduced two new names in its top hierarchy. In addition to a new CIO, the British footwear brand has recently hired New Balance’s former head of Europe to take charge of its business in the continent.
Hurr’s desire to “scale up its disruption of women’s fashion” has been given a boost. The London-based fashion rental platform has raised $5.4m (£4.1m) in seed funding from Octopus Ventures to expand its operations.