Accelerating the transition to an ever more digital existence, the coronavirus pandemic has tightened tech giants' grip on billions of customers' lives. Governments and users are belatedly coming to terms with the power held by the likes of Apple and Amazon, particularly in focus this year thanks to […]

A look-back at the year 2020 reveals how fashion brands and retailers suffered due to dwindling sales, low footfall, high debts, high rentals, inefficient operations, out-dated merchandise assortment and high inventories, among other issues. The coronavirus pandemic added to the woes of these already […]

Beijing - China has launched an anti-monopoly investigation into Alibaba, regulators said Thursday, sending the share price of the e-commerce giant tumbling and intensifying the troubles of its billionaire founder Jack Ma. Regulators will also hold “supervisory and guidance” talks with Alibaba’s gigantic […]

Ann Summers has received the green light from its creditors to go ahead with a company voluntary arrangement (CVA) to restructure its store estate. The CVA, which was approved by 90 percent of creditors, will affect the 25 of Ann Summers’ 91 stores it was unable to agree revised rent terms for with […]

British footwear retailer Clarks has been given the green light from its shareholders to go ahead with its proposed partnership with Hong Kong-based private equity firm LionRock Capital. Last month, LionRock Capital agreed to acquire a 100 million pound majority stake in Clarks provided the British […]

LK Bennett has been given the green light by creditors to move ahead with its company voluntary arrangement (CVA) that will see five of its stores permanently close and the rest move to turnover-based rents. The British womenswear retailer employs 400 staff and has 18 standalone stores. The retailer […]

Some factories in Pakistan supplying clothes to Boohoo have been accused of paying workers 29p per hour and making them work in appalling conditions. An investigation by the Guardian into the working conditions of two factories in the industrial city of Faisalabad found workers who claimed they were […]

Fashion has been the most hard hit category by Covid-19 pandemic. Compulsory store closures, work from home schedules followed by low footfall at opened stores, negatively impacted sales at almost every brick and mortar fashion retailer. According to Reuters, the Office for National Statistics report […]

British retailer N Brown has completed the 100 million pound fundraising it announced last month. The Manchester-based company has previously said the fundraising will help strengthen its balance sheet and “allow targeted investments to accelerate delivery of growth strategy to capitalise on the structural […]

Etsy, Inc. (NASDAQ:ETSY) hit a new 52-week high in early December after KeyCorp raised their price target on the stock from 160 to 180 dollars. KeyCorp currently has an overweight rating on the stock. The company has an average rating of “Buy” and an average price target of 142.23 dollars per share. […]

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