British heritage shirtmaker Hawes & Curtis disclosed on Wednesday its plans to shutter some of its stores in an attempt to make up for the business widening loss. The brand’s top executive, Dragons’ Den star Touker Suleyman, said the tailoring brand has been dealing with challenges such as higher rents […]

In the first half year of 2017/18, Tesco Group sales grew by 0.7 percent at constant exchange rates to 25.2 billion pounds (33.4 billion dollars) with like-for-like growth of 0.8 percent. At actual exchange rates, the company said, sales grew by 3.3 percent including a 2.6 percent foreign exchange translation […]

Wal-Mart Stores Inc (WMT.N) announced on Tuesday that it has acquired Parcel Inc, a New York-based last-mile delivery startup, as the retailer seeks to improve its same-day delivery offering and gain a competitive edge against Inc (AMZN.O). "We plan to leverage Parcel for last mile delivery […]

Its “huge success” with their first large-format store on London’s Oxford Street has boosted Reserved’s confidence on its international expansion plans. The Polish fashion retailer has hired property advisors Harper Dennis Hobbs to advise them on further expansion in the UK, reported ‘Property Week’. […]

After announcing a definitive merger agreement in August this year, VF Corporation has said that it has completed the acquisition of Williamson-Dickie Mfg. Co., a familyowned, private workwear company, for 820 million dollars in cash, adjusted for closing and working capital changes. For 2017, VF expects […]

On a consolidated basis, Scotch & Soda reported revenue growth of 3 percent to 335.6 million euros (394 million dollars) for fiscal 2016/17 from 325.9 million euros (382 million dollars) a year earlier. The Amsterdam-based company returned to profitability last year after reporting heavy losses in the […]

London - Leading fashion brands producing goods in Cambodia are encouraged to speak out about numerous human rights violations taking place following the closing of democratic and civil society space. Labour rights organizations Clean Clothes Campaign, Worker Rights Consortium and International Labour […]

Amy Williams, Chief Executive Officer of Citizens of Humanity has announced through a company statement that the company’s executive management team has purchased the company from Berkshire Partners, a Boston-based private equity company, and founder Jerome Dahan. The company added that Jerome Dahan […]

September 2017 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 6.3 percent year on year while sales at its own stores increased by 5.5 percent. The company said, total sales including online sales increased by 6.9 percent. Uniqlo attributed the […]

Luxury consignment company The RealReal has announced it has established National Consignment Day as an official holiday, henceforth taking place annually the first Monday of every October. This new official holiday solidifies The RealReal's consignment model as a key stimulator of the circular economy. […]

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