White Stuff has decided to axe certain positions from its customer and wholesale teams as part of its ongoing business transformation programme, reports Drapers. Confirming the development to FashionUnited, White Stuff spokesperson said in an email statement: “In light of leadership changes earlier […]

New York – U.S. retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year, the National Retail Federation said on Friday. “Despite the gradual slowdown in the U.S. economy, consumers are in a good place and October’s retail sales […]

New York - U.S. shoe brand Allbirds has participated in Alibaba’s 11.11 Global Shopping Festival for the first time. Allbirds released two special-editions of its signature sneakers to mark its debut on the Singles Day shopping event after opening its flagship store on Alibaba Group’s e-commerce platform […]

New York – U.S. private equity firm Blackstone has invested Rs 1,750 crore (244.2 million dollars) in Future Lifestyle Fashion (FLF), India’s Future Group’s flagship fashion business. FLF owns several retail chains including Central and Brand Factory. The agreement, announced over the weekend, is an […]

Formed in the Hangzhou flat of co-founder Jack Ma in 1999, Alibaba has ridden the seemingly insatiable Chinese appetite for online shopping to become one of the world's most valuable companies. On Friday, the US-listed company confirmed plans to add its value further, but listing additional shares in […]

Third quarter sales at J. C. Penney Company, Inc. reported total net sales decrease of 10.1 percent to 2.38 billion dollars. JCPenney’s comparable store sales decreased 9.3 percent for the quarter. For the third quarter, the company’s net loss improved from 151 million dollars or 48 cents per share […]

For the third quarter of 2019, JD.com reported net revenues of 134.8 billion Chinese yuan (18.9 billion dollars), representing a 28.7 percent increase from the same period in 2018. The company said, net product revenues increased by 26.6 percent, while net service revenues increased by 47 percent. Annual […]

UPDATE Chinese technology giant Alibaba on Friday confirmed plans to list in Hong Kong in what it called a 13 billion US dollar vote of confidence in the turbulent city's markets and a step forward in its plans to go global. The enormous IPO, which Hong Kong had lobbied for, will come as a boost for […]

The company said on Friday its Q3 net profit slipped. Revenues climbed by 14 percent from the same period last year. For Q3, the company's net profit was 27 million Swedish krona, decreased from 29 million Swedish krona last year. Revenues surged to 230.6 million Swedish krona. Compared to 14 percent […]

Gap Inc. board of directors authorized a fourth quarter fiscal year 2019 dividend of 2425 cents per share, payable on or after January 29, 2020 to shareholders of record at the close of business on January 8, 2020. Gap offers clothing, accessories, and personal care products for men, women, and children […]

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