French logistics group Norbert Dentressangle has signed a deal with online retailer ASOS for the management of the British company’s logistics platform for the next three years in a deal worth £100 million.
When Margot Alarconciles woke up one morning last year and found her son sick with what appeared to be a cold, there was little she could do but wrap him in an extra blanket, walk down the hallway and start her workday: sewing clothes for up to 11 hours a day, six days a week.
U.S. hedge fund Coastal Capital joined debt specialists circling Billabong International Ltd on Monday, seeking a board spill, as rival investors eye the proceeds from a potential debt restructure rather than equity from a long-term turnaround.
The denim brand boasts a new CEO with international stature. The Italian Alessandro Bogliolo, whose prior positions include director of operations for Bulgari, fills the post left vacant last March by Daniela Riccardi.
Footwear retailer Genesco Inc, known for its Journeys brand, estimated second-quarter results below analysts' forecast, hurt by challenging sales environment, and the company slashed its adjusted profit outlook for the current year.
South African retailer Woolworths reported a 27.3 percent rise in full-year profit on Thursday, reflecting the resilience of its upscale customer base as the rest of the consumer market struggles with high personal debt.
Guess Inc's second-quarter results beat Wall Street estimates, helped by recovering sales in North America, and bucked a broader trend of falling sales for apparel retailers. Guess shares surged 18 percent in after-market trading.