Macy’s warns of discounts hitting annual profit as inflation saps demand By Reuters Macy’s The company joined other top retailers, including rival Kohl’s Macy’s inventories were up 7% at the end of the second quarter, prompting the department store chain…
Amazon’s consumer chief to jump to logistics startup Flexport as CEO By Reuters API Dave Clark, the Amazon Amazon announced last week that Clark planned to leave his role as CEO of its worldwide consumer business on July 1 –…
Next warns on price hikes, rolls out new logo On what should have been a day of celebration — another strong set of trading figures for last year and the official launch of a new logo to mark the retailer’s…
Next links with finance firms to buy Jojo Maman Bébé, no immediate job losses Next Jojo Maman Bébé It won’t be the majority owner though with the firm taking a minority — albeit a large minority — stake, adding up…
Ami and Amiri: From the Sacré Coeur to the Jardin des Plantes One vital reason Paris remains the world’s greatest fashion capital: the city is so photogenic. Beautifully underlined by a spectacular AmiAmiri Ami Alexandre Mattiussi’s latest show for…
Uniqlo Japan saw sales boom in May Fast RetailingUniqlo Uniqlo Following April’s return to sales growth, the giant retail chain said May’s same-store sales including online increased by 17.5% year on year. And total sales rose by an even bigger…
Reliance to bring Gap to India in latest retail bet By Reuters Reliance, India’s largest retailer, said on Wednesday it has partnered with Gap Under a long-term franchise agreement, Reliance will sell Gap merchandise through a mix of exclusive brand…
The challenges Marta Ortega will face leading Inditex’s new era Translated by Roberta HERRERA Inditex Marta Ortega, the businessman’s youngest daughter from his second marriage to Flora Perez, assumes the non-executive presidency of the group, which last year recorded an…
Peachaus launch: ex-Topshop fashion director unveils ethical lifestyle label An ex-TopshopVersace Peachaus The company said Peachaus has been “conceived as an antidote to the current fashion system” with an “ambitious vision [that] has expanded far beyond underwear and clothing”. The…
Marquee Brands names Heath Golden chief commercial and strategy officer Marquee Brands Heath Golden – Marquee Brands The New York-based company said Golden will oversee the fashion lifestyle, motherhood, and Marquee Brands connect divisions, in a “newly created position devised to…
