Harvey Nichols has launched a new experimental retail concept in Hong Kong. Called Sandbox – a nod to the experimentation environments ran by technology companies – it brings together fashion, lifestyle, art, and more. The range of available items is scheduled to rotate monthly, instead of seasonally […]

After releasing strong quarterly results Footlocker Inc. announced it will call it a day for its Footaction chain. During a call with analysts that followed their financial release, the company’s leadership shared their thought process. Asked whether there was a substantial overlap between Foot Locker […]

JD Group took its logistics brand public at the end of May in an initial public offering (IPO) in Hong Kong that gives the company a market capitalisation of around 33 billion dollars. The move confirms the importance of integrated, value chain in the fashion market. After pricing shares at the lower […]

Image: Magasin du Nord, Facebook Danish department store chain Magasin du Nord, which has been owned by Debenhams since 2009, has been acquired by German fashion retailer Peek & Cloppenburg. Magasin du Nord will continue to exist as an independent chain and will join Peek & Cloppenburg’s store estate […]

Telal Gents Fashion decided to bring to life the old saying with a twist: If the customer doesn’t go to the store, the store will go to the customer. With this premise, the Dubai-based fashion retailer launched a special fleet of buses fitted out to resemble one of their stores. “We noticed a 30 percent […]

Dubai retailers were hit hard by the pandemic, as access was restricted and customers stuck at home turned to online shopping. Majid Al-Futtaim, one of the largest mall operators, with 27 shopping malls across five countries, reported a 7 percent year-on-year fall in revenues to 8.88 billion dollars […]

  Chuck Moravec via Creative Commons / Flickr After a military coup on 1 February 2021 caused a state of emergency to be declared in Myanmar and protests by the population against the military junta’s seizure of power were met with violence, quite a few buyers withdrew from the Southeast Asian country […]

Image: About You x Jujuu German fashion e-tailer About You has announced plans to float on the Frankfurt Stock Exchange in the second quarter of the year. The company, which is owned by Otto Group, aims to raise 600 million euros with the IPO, which it will use to scale the company’s offering internationally, […]

Image: Guess, Facebook US fashion retailer Guess has swung to a profit in the first quarter of the year as its sales almost doubled compared to last year’s Covid-impacted levels. The LA-based company reported net earnings of 12 million dollars for the quarter ended May 1, compared to a loss of 157.7 […]

Calvin McDonald, courtesy of The Walt Disney Company Lululemon CEO Calvin McDonald has been elected to The Walt Disney Company board of directors. McDonald has been leading the athleisure brand since August 2018 and is also a member of Lululemon’s board of directors. Previously, McDonald served as president […]

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