ANALYSISNew York – The British online fashion retailer Boohoo Group Plc started the week with the deepest dip in share value since August. The clothing group said on Monday it’s seeking a new auditor to replace PricewaterhouseCoopers (PwC). The stock dropped as much as 17 percent, reported Bloomberg. […]

In these uncertain times, is it better to invest in gold or sneakers? StockX, the American platform that offers sneakers sold through auction, was inspired by stock market speculation. Over the last year, sales on the platform outside the US have increased by 260 percent. In the third quarter of 2020, […]

British online fashion retailer Boohoo is on the search for a new auditor after confirming PwC has stepped down. The fashion group said PwC, which has been the company’s auditor since 2014, has already signed an unqualified opinion on the group's 2020 financial statements, but will not continue the […]

Footwear brand Ugg, part of Deckers Brands, has unveiled new long-term social and environmental sustainability commitments with the launch of a new ‘Feel Good’ platform dedicated to people and the planet. Focused around three key pillars, environment, community and innovation, Ugg is looking to showcase […]

RM Williams, maker of the iconic Australian outback boot, is returning to its roots after mining tycoon Andrew Forrest bought the brand from a Louis Vuitton-backed equity firm, he announced Monday. Founded in 1932 by bushman Reginald Murray Williams, the outfitter became one of Australia's best known […]

Philip Day’s Edinburgh Woollen Mill Group is to close 50 stores, putting around 600 jobs at risk. While it is not certain which stores will be closed, it is known the closures will mainly affect the Edinburgh Woollen Mill and Peacocks chains, with most job cuts affecting shop-floor staff. The group, […]

The British Retail Consortium (BRC) has said it is “deeply concerned” about a statement made by prime minister Boris Johnson that the country should prepare for a no-deal Brexit in January. Johnson said Friday that unless the EU demonstrates a “fundamental change of approach”, UK businesses and consumers […]

Second quarter revenue at VF Corporation decreased 18 percent or 19 percent in constant dollars to 2.6 billion dollars driven by store closures and lower consumer demand as a result of the Covid-19 outbreak and related government actions and regulations. The company said in a statement that for the […]

German e-tailer Zalando has bought Swiss mobile body scanning developer Fision for an undisclosed sum. The acquisition marks Zalando’s latest move towards “solving the fashion industry’s key challenge of size and fit”, the retailer said. Zurich-based Fision’s body scanning app and virtual dressing room […]

The John Lewis Partnership, which comprises British retailers John Lewis and Waitrose, has outlined a new five-year digital-focused strategy which aims to see the company reach 400 million pound profits in five years. The company said the plan is “self-funding and takes into account uncertain trading” […]

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