Italian fashion group OTB aims to accelerate in China Translated by Nicola Mira Renzo RossoMaison MargielaJil SanderMarniAmiri The façades of OTB’s four new Shanghai stores – DR OTB’s new hub is located within Shanghai’s JC Plaza shopping centre, on highly…
Vince reports 13% sales gain, reveals Rebecca Taylor will close Vince Vince said it plans to shutter its Rebecca Taylor brand, citing “increased headwinds from the range of macroeconomic and pandemic related issues in the industry” – Vince Holdings The…
Beatrice Lafon joins Pimberly board as tech firm targets US, Europe fashion growth UK-based software-as-a-service (SaaS) company Pimberly has added “a great fit” to its board. International retail and e-commerce specialist Beatrice Lafon joins the tech company as a non-executive…
Good American to open its first store in Los Angeles Six years after the launch of fashion brand Good American, founders Emma Grede and Khloé Kardashian have announced the upcoming opening of their first flagship store in Los Angeles. Scheduled…
ASOS lures Phipps from Nike to head sports and outdoor ASOS is beefing up its sportswear and outdoor commitment. The online fashion giant has appointed former NikePhipps ASOS/Adidas As its new director of sportwear and outdoor, Phipps joins with a…
Sports brands: More aggressive promotions in Europe than in the US Translated by Cassidy STEPHENS While consumers are making adjustments to their apparel spending in the face of inflation, retailers in the sector are using promotions to attract customers and…
Amazon settlement with EU antitrust regulators possible by year end By Reuters API U.S. online retail giant Amazon Reuters Settling the EU investigations means the company will avoid a fine of as much as 10% of its global turnover. Faced…
Joules’ talks with Next hit hurdle Struggling retailer JoulesNext Joules In its 19 August trading update, Joules admitted that recent trading has “softened materially” and H1 profits would be hit. The two companies have since failed to agree the terms…
Macy’s warns of discounts hitting annual profit as inflation saps demand By Reuters Macy’s The company joined other top retailers, including rival Kohl’s Macy’s inventories were up 7% at the end of the second quarter, prompting the department store chain…
L.L.Bean headquarters to open spring 2023 Freeport, Maine-based outdoor company L.L.Bean’s latest headquarter redevelopment project is set to be completed in the spring of 2023. L.L.Bean headquarters to open spring 2023. – L.L.Bean The project will be completed two years…
