Hot on the heels of the retailer’s announcement that it is on the lookout for a new CEO, Destination Maternity has announced that it is conducting a reduction in force in an effort to streamline operations and cut costs.
If the United States were to impose tariffs on another $300 billion worth of Chinese goods, it would cost U.S. consumers $6.9 billion more for their apparels and footwear, the National Retail Federation said on Friday.
It was a tough month for womenswear, menswear and footwear in May as UK online retail sales for all categories went into reverse, the comparable figures having been skewed by the mini boom of a year ago.
JD.com's ‘6.18’ shopping festival this week hit a record $29.2bn in total sales, driven by new product launches “as well as Chinese consumers’ continued interest in and pursuit of higher quality,” the company said.
A letter organized by the AAFA, CFDA and the Accessories Council and co-authored by nearly 200 representatives from the fashion industry has been sent to President Trump, detailing opposition to the tariffs on China.
UK shoe chain Dune said this week that it's driven a £4.4 million rise in incremental revenue over the last few years by overhauling its marketing and moving to personalised ads based on data analysis and insights.
Frederick Lukoff, the long-time president of Stella McCartney, quits to become CEO of Dutch brand Scotch & Soda. A surprise move, barely one year after overseeing McCartney's buyback of 50% of her company from Kering.