Environmentally-conscious values are key for direct-to-consumer (DTC) brands to engage consumers - but many aren't advertising their efforts clearly enough, a new study suggests. New research by Rakuten Marketing found that one in four consumers across Europe are demanding sustainable values when choosing […]

Board of directors of Chico's FAS, Inc. has unanimously rejected the unsolicited proposal received from Sycamore Partners on June 19, 2019 to acquire all of the outstanding shares of the company for 3 dollars per share in cash. The company said that its board believes Sycamore's proposal substantially […]

Sequential Brands Group, Inc. has signed a licensing agreement for denim lifestyle brand Joe's, with Bellevue Brands, Inc. to develop, produce and distribute a line of men’s and women’s fragrances. The company said, Joe’s Icon Indigo for him consists of scents such as Italian mandarin and bourbon accord, […]

Nike, Inc. has announced that fourth quarter revenue increased to 10.2 billion dollars, up 4 percent on a reported basis and 10 percent on a currency-neutral basis, while full year revenue rose to 39.1 billion dollars, up 7 percent on a reported basis and 11 percent on a currency-neutral basis, as strategic […]

Retail and leisure destinations owned by Intu are contributing nearly 5 billion pounds to the UK’s economy and supported more than 130,000 jobs across the country last year, new data reveals. The data, by planning and development consultancy Lichfields, shows that Intu’s gross value added (GVA) increased […]

Businesses will soon have more opportunities to make themselves visible on Instagram. The social media platform announced on Wednesday that it will start placing ads within the Explore page, the section where users can discover new content based on their preferences. Currently, ads are only placed in […]

Hennes & Mauritz AB (H&M), for its second quarter, said that the group’s net sales increased by 11 percent to 57.5 billion Swedish krona (6.2 billion dollars), while in local currencies, net sales increased by 6 percent compared with the corresponding quarter last year. Gross profit amounted […]

UK high street retailer Superdry has announced it will be pushing back publication of its full-year results from the planned date of Thursday 4 July to Wednesday 10 July. The news comes following a profit warning released by the company in May. Perhaps unsurprisingly considering the turbulent year the […]

Global Brands Group Holding Limited, announcing its results for the 12-months ended March 31, 2019 said that revenue of the group’s continuing operations decreased by 4.6 percent compared to last year, primarily due to eliminating unprofitable businesses. While net loss of the continuing operations […]

StockX has secured 110 million US dollars in a series C funding round led by DST Global, General Atlantic, and GGV Capital, bringing the company’s value to 1 billion US dollars. Current investors GV and Battery Ventures also participated in the new funding round. The news comes just nine months after […]

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