Zalando SE has said in a statement that gross merchandise volume (GMV) grew by 25.1 percent to 4.72 billion euros and revenue grew by 19.6 percent to 3.56 billion euros in the first half of 2020. In the same period, Zalando achieved an adjusted EBIT of 113.3 million euros at a margin of 3.2 percent […]

Glossier, once a burgeoning beauty company, has felt the effects of coronavirus. The company had originally furloughed their 200 or so retail workers when the pandemic forced them to close their stores, but now they have resorted to laying them off entirely to cut costs. Glossier currently has retail […]

Reuters has reported that Simon Property Group, one of the nation's largest mall owners and landlords, is planning on converting some of their stores into Amazon fulfilment centers. Simon Property Group and Amazon Inc. have been in talks to turn some of Simon's department store spaces previously occupied […]

Foot Locker has reported an 18 percent increase in comparable store sales for the second quarter ending 1 August. The New York-based footwear retailer said diluted earnings per share for the quarter are expected to be 0.38 to 0.42 dollars per share versus 0.55 dollars per share last year. Those figures […]

Artemest, the Milan and New York-based e-commerce platform selling Italian luxury design, home decor and lifestyle, has raised more than 5 million US dollars in its latest equity funding round. French private equity OLMA Luxury Holdings and the Swiss holding Brahma joined the Milan-based investment […]

New Look is reportedly considering a company voluntary arrangement (CVA) as it looks to switch to turnover-based rents. The British fashion retailer is expected to appoint advisors from Deloitte as soon as this week, according to This is Money. The company, which has over 10,000 employees, will be asking […]

Superdry has reported better than expected trading for the first quarter of the year despite a drop in sales and has secured a new 70 million pound financing facility to help it ride out the pandemic. The British brand agreed on the new Asset Backed Lending Facility (ABL Facility) with its existing […]

In a small glimmer of hope for the U.S. economy, retailers have added back over 250,000 jobs last month compared with June to employ over 14 million people. The news was reported by WWD. While this indicates signs of improvement, this is still down 913,000 jobs from February. The total economy has added […]

Swiss luxury goods group Compagnie Financiere Richemont AG (CFRUY.PK) Friday announced a shareholder loyalty scheme, under which tradable warrants will be issued to shareholders. This will allow them either to trade the warrant or, subject to the terms and conditions of the warrants, acquire new Richemont […]

Like most athletic brands and companies, the Asics four-stripe logo that dominates its sneaker designs is instantly recognizable. The company holds global trademarks for its distinctive logo, including in China. But in an odd turn of events, Chinese sportswear brand Qiaodan Sports Co. Ltd. was granted […]

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