Hot weather drove Britons to buy summer fashion, as well as outdoor goods, in July. But they also reined-in spending on foreign travel and eating out as the cost-of-living squeeze made itself felt, two surveys show.
Businesses stung by rising costs and lower consumer spending are shying away from Shopify's platform, creating a roadblock in its plan to fix past missteps in overestimating e-commerce demand.
Abercrombie & Fitch on August 8 announced a “refreshing new store experience inspired by the brand’s intention of making every day feel as exceptional as the start of a long weekend”.
Kohl’s has announced a new partnership with Buffalo David Bitton, which is owned by Iconix International, to bring premium and responsibly-made denim styles to customers just in time for fall.
Norwegian fashion and lifestyle label Holzweiler has entered a “strategic partnership” with Sequoia Capital China, the latter having made a “significant investment” in the family-owned firm.
Next has been busy buying up stakes in both strong and struggling businesses and the latest example of the latter is Joules, at least according to a news report.
The US will hold on to its leading position in the global denim jeans market, but its annual growth will be lower than the global average, according to Fibre2Fashion’s market insight tool TexPro.
UK’s Marks & Spencer (M&S) has announced that it is the official tailor to the England senior men’s and football teams and the cup-winning women's team.
Canadian clothing manufacturer Gildan Activewear Inc. has generated sales of $896 million during the second quarter of 2022, which is up 20 per cent over the prior year.
Fast Retailing’s brand GU is targeting international growth and will open its first US store this fall. The company said it will debut in Soho, New York, and this “marks the first time the brand launches in the West”.
India's biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall that has a starting auction price of $366 million, according to two sources and a public notice seen by Reuters.
Rocky Brands' Q2 saw net sales up 23.1% to $162 million in Q2 2022 compared with $131.6 million in Q2 2021. Wholesale for Q2 increased 29.7% to $131.2m.
H&M has launched a new line, called H&M Move, via which it’s inviting “the whole world to move together with Jane Fonda and JaQuel Knight”.
Finnish lifestyle design company Marimekko is planning to launch a community-driven marketplace for its vintage and second-hand goods, Marimekko Pre-loved, on August 25.
Economic activity in the US manufacturing sector expanded in July, with the overall economy achieving a 26th consecutive month of growth, its supply executives said in the latest Manufacturing ISM Report on Business.
