Amazon is looking to upskill 100,000 of its employees across the United States -- that’s almost a third of its workforce. The retail giant will invest over 700 million US dollars in trainings to enable people from all backgrounds, working in its corporate offices, tech hubs, fulfillment centers, retail […]

The Cato Corporation has reported sales of 76.6 million dollars, a 5 percent increase for the five weeks to July 6, 2019, while the company’s same-store sales were up 8 percent compared to the same period ended July 7, 2018. "June same-store stores exceeded our expectations," stated John Cato, Chairman, […]

French fashion house Chanel has acquired a majority stake in the Italian tannery Samanta specialising in printed leather. The deal was signed after almost a full year of negotiations, according newspaper Milano Finanza. Financial details of the transaction were not made public by the company. The development […]

The Fast Retailing Group has reported rises in both revenue and profit in the third quarter of fiscal 2019 with consolidated revenue increasing to 1.8228 trillion yen, up 7 percent and operating profit rising 3.7 percent to 247.6 billion yen (2.29 billion dollars) and profit before income taxes up 4.1 […]

Ahlers Ag has announced that sales revenues in the first six months of the fiscal year 2018/19 declined by 5 percent or 5.5 million euros to 105.3 million euros (118.7 million dollars). However, the company’s management board continues to expect consolidated earnings to grow at a high double-digit percentage […]

Virgil Abloh's Off-White has found itself in some hot water with OffWhite Co., a creative service agency. The latter is claiming that its name, which it has used since its founding in the late 90s, is too close to the one that Abloh has used for his fashion brand, thus they have sued for trademark infringement. […]

Global sportswear brand Sergio Tacchini has announced a new ownership structure. entrepreneur Stefano Maroni, Twin Lakes Capital LLC and B. Riley Principal Investments LLC will now own and operate the company originally founded in 1966 tennis player Sergio Tacchini. Maroni will hold the position of […]

Launchmetrics, the data analytics firm for the fashion and beauty industries, has announced the release of a new tool, Insights by Launchmetrics, to help C-level executives decide where to allocate their marketing investments. Using Launchmetrics’ Media Impact Value (MIV) algorithm, which attributes […]

Levi Strauss & Co. missed analysts' earnings expectations in the second quarter of the fiscal year, reporting on Tuesday a 5 percent increase in sales for the second quarter of the year, but a 63 percent drop in net income to 49 million dollars (about 39 million pounds). The American denim specialist […]

Superdry has reported a pre-tax loss of 85 million pounds in what has been a turbulent year for the UK fashion retailer. For the year ending 27 April, the company made a full-year statutory loss before tax of 85.4 million pounds, compared to a prior year profit of 65.3 million pounds. Total group revenue […]

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