Latest Articles in News

Street Style Trends: Luxury handbags get a novelty makeover

There are signs in both Europe and The U.S. that there is a weakening demand for full-priced luxury handbags. However, most high-end brands rely heavily on this sector to build name recognition and revenue. Some businesses are doubling down and are willing to keep pushing prices higher to compensate for short falls. As recently reported by...

Business

Classic Football Shirts secures 35.8 million dollar investment to support expansion

Manchester-based Classic Football Shirts has announced that it was the recipient of a 35.8 million dollar investment by multi-stage investment firm The Charnin Group (TCG) as it looks to carry out imminent global expansion plans. The deal puts a strategic focus on the North American market, one of the brand’s fastest-growing regions that...

Retail

Asda unveils branding refresh as part of wider strategy

Supermarket giant Asda has revealed a new brand identity and logo as part of a wider strategy that looks to take consumers’ preferences and perspectives into account. Executed following “extensive customer research”, Asda has updated its logo, typography and colour palette to reflect traits imposed on the retailer outlined in the survey’s...

Business

Walmart profits rise on strong sales from wealthier shoppers

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales. Profits more than tripled to 5.1 billion USD for the quarter ending April 30 on a six percent rise in revenues to 161.5 billion USD. Earnings in the 2023 period were...

Business

Asos confirms India entry with Reliance Retail partnership

Following heightened media speculation, British e-tailer Asos has now confirmed that it will be entering the Indian market through a new long-term partnership with the country’s Reliance Retail. With the deal, Reliance Retail will serve as the exclusive retail partner for Asos across all online and offline channels in India. It has been tasked...

BusinessFeatured

Under Armour announces restructuring and layoffs

Sportswear company Under Armour, Inc. has announced a restructuring strategy alongside the release of its annual results, for which net income almost halved and sales fell by several percent. The company's revenue came to 5.7 billion dollars, at a 3 percent year-on-year decline. The decline was largely due to worse results from the company's...

FairsFeatured

Pitti Uomo preview: Marine Serre and Paul Smith among nearly 800 brand line up

Pitti Uomo will once again take place at the Fortezza da Basso in Florence from 11 to 14 June. At a press conference in Milan on Tuesday, the organisers announced the participation of 790 brands that will present their collections for spring/summer 2025, 43 percent of which come from abroad. Among them is guest designer Marine Serre, who will...

Retail |In Pictures Featured

Retail inspiration: The latest store concepts from around the world

Retailers around the world are striving to improve the shopping experience. While one shop may pamper customers in-store with elements such as a lounge area, another could be looking to empower customers by promoting a 'do-it-yourself' motto through technology. Several retailers, such as London-based multi-brand LN-CC, are fighting their way out...

BusinessFeatured

Richemont reports slow Q4 sales growth, appoints Nicolas Bos as CEO

For the full financial year, Richemont sales increased by 3 percent at actual exchange rates and 8 percent at constant exchange rates to 20.6 billion euros, driven by the jewellery maisons, while operating profit came in at 4.8 billion euros, a 13 percent improvement at constant exchange rates. Fourth quarter sales were down by 1 percent at...

BusinessFeatured

Canada Goose Q4 revenues grow 22 percent

Canada Goose revenue increased 22 percent or 23 percent on a constant currency basis to 358 million Canadian dollars for the fourth quarter. Gross profit grew 22 percent to 233 million Canadian dollars and gross margin for the quarter was 65.1 percent. “Our fourth quarter results came in ahead of guidance, reflecting the power of our iconic...

Business

MySize revenues accelerate in the first quarter

Israeli startup MySize revenues for the first quarter increased 314 percent to 2.98 million dollars driven by an increase in Orgad sales. MySize develops measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries....

RetailFeatured

Report: Retail innovation for a competitive advantage

Today, consumers are used to making online purchases with a single click, whether it be via a social media channel, an app, or a store platform. They expect to receive online deliveries in 30 minutes or less and shop in virtual stores in the metaverse. Rather than physically trying on clothes, they use augmented reality smart mirrors from the...