Target Corp on Tuesday cut its quarterly margin forecast issued just weeks earlier, and said it would have to offer deeper discounts and stock more essential items, as inflation dents consumer spending.
European Union negotiators are expected to give final approval to the bloc's first-ever quota for the proportion of women on corporate boards in a bid to boost representation and improve gender equality.
Kering will outline plans to reinvigorate sales at its star label Gucci this week, throwing the spotlight on its approach in China - a key growth driver for leading luxury houses that has been hit by its new lockdowns.
Premium online athletic and outdoor goods retailer SportsShoes.com has hired Jon Cleaver as its new chief technology officer (CTO). He joins from online fashion retailer In The Style where he was also CTO.
JD Sports Fashion has admitted to “cartel activity” by fixing the retail price of football shirts. The UK sportswear retailer could face a big fine from the CMA after the body found evidence of illegal price fixing.
Luxury childrenswear retailer Base has relocated to an improved space at the giant Landsec-operated Bluewater shopping centre in Kent. The new store has enabled it to expand its range of international luxury brands.
The Queen’s Jubilee weekend celebrations were widely regarded as a major success, but how did retail footfall fare over the period? It surged 17.7% across all UK retail destinations on the key opening day, Thursday.
With the publication of its annual sustainability report, the Swiss luxury giant has confirmed its environmental commitments, having also created the post of head of sustainable development in February.
The Roman luxury label will design the off-pitch wardrobe of the Italian capital’s Serie A football team for the next two seasons. The looks will be presented in August, at the start of the 2022-23 season.
Danish affordable luxury brand Ganni on Tuesday launches its first ever products made from Bolt Threads’ Mylo material as it works to phase out virgin leather from its collections and to cut its carbon footprint.
Ready for the beach? Christian Louboutin has launched a beach-themed Selfridges pop-up this month with the luxe footwear and accessories brand taking over the prime real estate at the London branch, the Corner Shop.