Amazon beats quarterly sales estimates By Reuters API Amazon The world’s biggest online retailer said net sales were $121.23 billion in the second quarter – Reuters Shares of the e-commerce giant rose 7% in trading after the bell. Amazon was…
Uniqlo’s sister brand GU to open first Western store via US pop-up Fast RetailingGU GU The shop will be a pop-up rather than a permanent location and the brand will use it to offer “a special line-up of choice, on-trend…
H&M has strong first half but June sales will fall H&M H&M The company said on Wednesday that its net sales rose 20% to SEK103.67 billion (€9.7bn), with a 15% increase in local currencies. Gross profit rose to SEK54 billion…
Diesel joins denim circularity project in Tunisia Translated by Nicola Mira Worn by people all over the world, jeans are one of the most international of garments. The global denim market, according to a study by Allied Market Research, was…
Reserved owner upbeat as it prepares for UK, Italian and Greek expansion LPP Reserved – Reserved This came as it gears up for further expansion in Italy, Greece and the UK. The strong results came as the Sinsay brand saw…
Castore raises new funds that value it at £750m Castore, the hugely ambitious British sportswear brand, has raised £50 million from a consortium of banks to expand further and compete with industry giants including AdidasNike Castore In a move that…
De Rigo buys Rodenstock’s eyewear division, confirms 2022 revenue guidance at over €450 million Translated by Nicola Mira Italian eyewear group De Rigo, one of the world’s leading specialists in the design, production and distribution of quality glasses, has inked…
Macy’s launches digital marketplace Macy’s announced on Wednesday the launch of a new digital marketplace on Macys.com. Macy’s launches digital marketplace. – Macy’s Macy’s new digital marketplace will provide customers with a curated assortment of new brands, merchandise categories and…
Sam Edelman launches latest campaign with Naomi Campbell Footwear brand Sam Edelman has launched a Fall/Winter 2022 campaign starring supermodel Naomi Campbell. Sam Edelman launches Fall/Winter 2022 campaign with Naomi Campbell. – Sam Edelman Creatively directed by advertising legend, David…
JD Sports appoints Andy Higginson chairman JD Sports DR The company said Higginson “is a highly experienced and proven retailer and Chair with over 28 years of continuous non-executive director experience on PLC boards, including senior leadership roles over nearly…
