Ahlers Ag has announced that the company will reduce around 80 employees, thereof about 65 in Germany, across all areas and hierarchical levels. The company said in a statement that in addition to a few individual measures for reorganization, the measures particularly include the relocation of logistics […]

For its first quarter, Nike, Inc. reported revenues of 10.6 billion dollars, down 1 percent on a reported basis and flat to prior year on a currency-neutral basis. The company said in a statement that Nike Direct sales were 3.7 billion dollars, up 12 percent on a reported basis, and up 13 percent on […]

Ralph Lauren Corporation has announced that as part of its plan to accelerate sustainable long-term growth, the company will reduce its global workforce by the end of the company’s fiscal 2021, which is expected to result in gross annualized pre-tax expense savings of approximately 180 million dollars […]

Dick’s Sporting Goods, Inc. has appointed Sandeep Mathrani, the Chief Executive Officer of WeWork, and Desiree Ralls-Morrison, the Senior Vice President, General Counsel and Corporate Secretary at Boston Scientific Corporation, to the company’s board of directors. Dick’s also announced that Vincent […]

The UK arm of footwear retailer Aldo has been acquired by Birmingham-based firm Bushell Investment Group (BIG) after falling into administration in May. The move will save 150 jobs and create an additional 50 roles across the business over the next 12 months, according to BIG. “We are incredibly excited […]

US jewelry brand Tiffany & Co has won approval by the Delaware Chancery Court to have its lawsuit against french conglomerate LVMH fast-tracked. The lawsuit was launched by the jeweler after LVMH said in September it was pulling out of its 16 billion dollar deal to acquire Tiffany. LVMH said its board […]

In March of this year, US-based NGO Remake together with partnering organisation and labour activist and founder of the AWAJ Foundation, Nazma Akter, launched the #PayUp initiative that urges international brands and retailers to honour their commitments and pay suppliers for in-production orders at […]

Ascena Retail Group, inc. has announced that FullBeauty Brands Operations, LLC will acquire Catherines’ intellectual property assets for a base purchase price of 40.8 million dollars and potential upward adjustment for certain inventory. The company also said that The United States Bankruptcy Court […]

German fashion retailer Mytheresa has bucked the trend of Covid-19-related difficult retail and reported a 19 percent increase in full-year revenue. The company saw its consolidated net revenue from its online platform and physical stores in Munich reach 450 million euros in 2020, up from 377 million […]

Retail tycoon Philip Day is reportedly launching a valuation process for discount retail chain Peacocks. The Sunday Times reported that Day appointed advisory firm FRP to find potential buyers for Peacocks and Edinburgh Woollen Mill, though sources close to the matter have stressed the process is merely […]

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