Next, which was thought to be the frontrunner in a race to acquire assets from the collapsed Arcadia Group, has reportedly pulled out of the bidding. A consortium comprising Next and US investment firm Davidson Kempner Capital Management were teaming up on a potential offer, but has now withdrawn, Sky […]

NEUHAUSEN, Switzerland, January 12, 2021—Johnson Controls, a global leader for smart and sustainable buildings, and the architect of OpenBlue connected solutions, today announced that Sensormatic Solutions, its leading global retail solutions portfolio, launched Sensormatic IQ. This […]

HanesBrands has announced that Joe Cavaliere has been named to the newly created role of group president, global innerwear, effective February 8, 2021. The company said that Howard Upchurch, group president, innerwear Americas, has announced his retirement after 34 years with the company. “I am pleased […]

American Eagle Outfitters (AEO) has announced that the company expects fourth quarter adjusted operating income to exceed 95 million dollars compared to reported operating income of 0.5 million dollars and adjusted operating income of 77 million dollars last year and fourth quarter revenue is expected […]

Selfridges has reported a 10 percent drop in operating profit to 88 million pounds for the year ending 2 February 2020, just prior to the pandemic took a grip on the UK’s retail industry. Sales during the period increased 7 percent to 1.97 billion pounds, the company revealed in an update on Thursday. […]

Europe remains a challenging market for luxury brands, as Burberry’s latest results will attest. The British brand saw sales drop nearly 40 percent in the continent in the run-up to Christmas. While its advertising campaign with footballer Marcus Rashford were a success to bring new customers to the […]

British fashion brand Apricot has reportedly switched the majority of its UK stores to a turnover-based rent model following the approval of its company voluntary arrangement (CVA). The move will affect 13 of Apricot’s 14 standalone stores, Drapers reports. The closure of the brand’s store or concessions […]

Mytheresa has upped the pricing of its shares ahead of its IPO. The German luxury e-tailer plans to sell around 15.6 million American depositary shares (ADS) which will now cost 26 dollars apiece, compared to the range of between 16 and 18 dollars it announced last week. The company, which first announced […]

White Stuff has reportedly called in advisors to conduct a review of its 115-store estate amid a challenging trading environment. The British fashion and lifestyle brand has appointed PHD Property to run the review as it explores a number of options going forward, Property Week reports. “In light of […]

Sneaker and apparel platform Goat has secured a strategic investment from Groupe Artemis, the holding company founded by Kering boss François-Henri Pinault. The amount of the investment was not disclosed, but Goat said it will use it to support its continued expansion in fashion apparel and new categories. […]

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