Selfridges has reported a 6 percent increase in sales to 1.85 billion pounds for the year ending February, with the luxury department store chain crediting its investments in experiential spaces. The company’s operating profits were 170 million pounds, however, slightly down on the 175 million pounds […]

ANALYSISNew York – A recent report valued the rental subscription market at around 1 billion dollars in 2018 and forecast it grows more than 20 percent a year, reaching 2.5 billion dollars by 2023. This trend isn’t lost on traditional retailers: over the last year everyone in the industry seems to be […]

Kering Eyewear and Safilo have announced the renewal of their agreement for the manufacturing and supply of Gucci branded products. The company said in a statement that the three-year partnership will come into effect starting January 2021, providing complete continuity to the previous contract expiring […]

ANALYSISNew York – Madewell is topping its parent’s company – J.Crew Group – growth, adding to the investors’ appeal regarding its recently announced IPO. Madewell derived 40 percent of sales from e-commerce channels in the first six months of this year and had a brick-and-mortar footprint of just 132 […]

New York – A recent survey reveals that increasing concerns and awareness of the importance of a sustainable apparel ecosystem will boost vintage clothing sales this upcoming holiday season. A new survey from Accenture indicates that issues of sustainability and security are factoring into people’s […]

Go Global Retail has announced plans to acquire the assets of ModCloth, which had previously been owned by Walmart. Modcloth is a digitally native womenwear and accessories retailer, offering indie and vintage-inspired styles. "We feel good about the progress at ModCloth and believe that Go Global's […]

New York - A potential buyer is said to be preparing a bid to take control of luxury department store Barneys New York, which filed for bankruptcy protection in August. Shall this deal go forward, the retailer would avoid liquidation. A group of fashion executives, led by fashion and entertainment executive […]

INTERVIEW Online retailer Zalando wants fewer customers to return the clothes they purchased due to fit problems. About one third of all returns are due to clothes being too small or too large, and that, according to Zalando, could be optimized. If customers would receive the right size right away, […]

Net sales for the fourth quarter of fiscal 2019 at Ascena Retail Group, were 1,454 million dollars compared to 1,520 million dollars in the year-ago period, reflecting flat comparable sales for the quarter and the unfavourable impact resulting from the 53rd week recorded in the prior fiscal year. The […]

Global retail company Simon has contributed close to 280 million dollars towards a new multi-platform venture dedicated to digital value shopping, created in partnership with Michael Rubin of Rue Gilt Group. Rue Gilt Group operates premier online marketplaces that connect more than 25 million members […]

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