New Look has officially announced its long-rumoured company voluntary arrangement (CVA) proposal with which it’s targeting a reduction in its store count and rent costs, and almost 1,000 jobs are at risk
El Corte Ingles is preparing to accept non-cash payments through the Alipay payment system across its store portfolio, following a new agreement with e-commerce company Alibaba to attract more Asian consumers.
The German logistics group said it expected a further increase in earnings after a 7.2% jump in 2017 profit, with online shopping driving demand for parcel deliveries and a turnaround at its freight unit taking hold.
Clothing, cosmetics and other products from the United States may be subject to European Union duties if U.S. President Donald Trump carries out his threat to impose global import duties on steel and aluminum.
Target Corp said on Tuesday it expects profit margins to stabilize in the year ahead even as they are pressured by investments in store and online operations, sending its shares down more 4 percent in afternoon trading.
One of the biggest jobs in UK fashion has gone to… a top executive from the gambling sector. Shop Direct has named Henry Birch to run the group. He's currently CEO of Rank Group and won't join Shop Direct immediately.
Yoox Net-A-Porter is in line with its five-year plan and core profit margins will rise 30-70 basis points in 2018, as revenue is lifted by sales through mobiles and in the Middle East, the group’s CEO said on Tuesday.
VF Corporation has announced the appointment of Velia Carboni to the new position of Chief Digital Officer. Carboni will serve on the company's executive team and report to Chairman, President and CEO, Steve Rendle.
Barneys New York is driving innovation in visual merchandising with the launch of a new virtual reality experience. Mantle is a VR-powered runway show combining dance with fashion viewable both in store and online.
Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine's annual billionaires list.