Tapestry, the owner of Coach, Kate Spade, and Stuart Weitzman, has given Scott Roe, its current chief financial officer (CFO), additional responsibility as chief operating officer (COO) of the company.
UK’s Marks & Spencer (M&S) has announced that it is the official tailor to the England senior men’s and football teams and the cup-winning women's team.
Canadian clothing manufacturer Gildan Activewear Inc. has generated sales of $896 million during the second quarter of 2022, which is up 20 per cent over the prior year.
Italian fashion house Gucci has announced on Twitter that it will now accept ApeCoin — the Bored Ape Yacht Club’s proprietary cryptocurrency — for purchases at select stores in the US.
Fast Retailing’s brand GU is targeting international growth and will open its first US store this fall. The company said it will debut in Soho, New York, and this “marks the first time the brand launches in the West”.
India's biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall that has a starting auction price of $366 million, according to two sources and a public notice seen by Reuters.
Rocky Brands' Q2 saw net sales up 23.1% to $162 million in Q2 2022 compared with $131.6 million in Q2 2021. Wholesale for Q2 increased 29.7% to $131.2m.
H&M has launched a new line, called H&M Move, via which it’s inviting “the whole world to move together with Jane Fonda and JaQuel Knight”.
Finnish lifestyle design company Marimekko is planning to launch a community-driven marketplace for its vintage and second-hand goods, Marimekko Pre-loved, on August 25.
Kering’s unstoppable Balenciaga brand has a giant new market to target. On August 4, Reliance Brands Limited said it has signed a strategic deal with the “hottest global luxury brand” to bring it to the Indian market.
Economic activity in the US manufacturing sector expanded in July, with the overall economy achieving a 26th consecutive month of growth, its supply executives said in the latest Manufacturing ISM Report on Business.
Adidas on August 4 said operating profit fell by 28% in Q2 to €392 million, as results suffered from it suspending business in Russia, higher supply chain costs and COVID-19 lockdowns in China and Vietnam.
Walmart Inc is cutting hundreds of corporate roles in a restructuring effort, the Wall Street Journal reported on August 3, citing people familiar with the matter.
Retailer Next, a mainstay of Britain's shopping streets, defied the economic gloom on Thursday to lift its full-year sales and profit forecasts after warm weather in June and July spurred better-than-expected trade.
After some disappointment in June as it downgraded guidance, on August 4 Zalando had better news. It “expects improved profitability and a return to growth in the second half”.
