Amazon Prime shipped over five billion items worldwide in 2017 in addition to adding a record breaking number of new members, according to Business of Fashion. This marked the first time that Amazon has discussed their Prime shipment numbers, and they declined to reveal comparable 2016 numbers. During […]

Marks and Spencer has confirmed the sale and franchise of its retail business in Hong Kong and Macau to its “long-established franchise partner” Al-Futtaim. The retailer has been working with Al-Futtaim since 1998 when it opened Dubai’s first Marks and Spencer store and confirmed that the sale was completed […]

The struggling luxury handbag retailer has been saved by the bell: a fellow Australian wealth fund manager has rescued Oroton from the administration, throwing some light into the ailing Australian retail sector. “Importantly the proposal would allow Oroton Group to remain to trade and avoid a break-up […]

ANALYSISThe future looks “stable” for retailers in Latin America, reflective of improving operating profits, Moody's Investors Service said in a recent new year’s outlook presentation. Chile and Mexico will face a bumpy road ahead, defined by key political dates and some shadows cast by threatened or […]

“Plus-sized women shouldn’t think of themselves as a size. They should think of themselves as women with rich goals in life. Size doesn’t mean, really, anything. You can carry your size with pride and dress in a way that you like," said Donatella Versace, Vice President and Artistic Director, Versace […]

Hennes & Mauritz Ab (H&M) had announced plans to launch its ninth brand during its nine-month report to August 31, 2017. Now in an interview with The Cut, the brand's creative director Oscar Olsson has revealed that the new label Nyden — which combines two Swedish words, “ny” and “den,” meaning “new” […]

Nike has announced in a statement that revenue growth in the second quarter was driven by international geographies and continued strength in Nike Direct, partly offset by an expected decline in North America wholesale revenue. Diluted earnings per share were 0.46 dollar, down 8 percent compared to […]

Shanghai-based Fosun International has reportedly entered exclusive talks to buy La Perla. Silvio Scaglia, who bought the lingerie brand in 2013, has 30 business days to convince the Chinese group of the benefits of buying a majority stake in the Italian company. Italian entrepreneur Silvio Scaglia, […]

Kappahl’s net sales for the quarter amounted to 1,166 million Swedish krona (139 million dollars), a decrease of 7.5 percent. The company said, the effect of new and closed stores on the total sales was negative 1.2 percent, change in comparable stores was negative 5.3 percent and translation differences […]

Famed Italian hatmaker Borsalino, the company behind Humphrey Bogart's fedora in "Casablanca" and Harrison Ford's lucky headgear in the "Indiana Jones" movies, was declared bankrupt on Monday, a trade union said. A court in Alessandria in northern Italy threw out a rescue plan for the legendary company […]

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