Danish fashion group Bestseller is immediately releasing payments on current orders to its suppliers, as well as implementing early payments until October, to ensure its suppliers' cash flow and help them through the coronavirus crisis. In a statement, Bestseller said: “Over the past four months, we […]

Absolutely, the longest-serving London courier since 1865, has acquired Go-Between Couriers Ltd for an undisclosed sum. Go-Betweens is a London-centric courier company operating from Holborn offering sameday, next day and international delivery services, and will be added to Absolutely’s offering as […]

For the year to February 1, 2020, total revenue at JD Sports Fashion Plc increased by 30 percent to 6,110.8 million pounds, including 1,601.5 million pounds of revenue from Finish Line and JD in the United States and 215.9 million pounds from Footasylum in the 39 week period after it was acquired. Like […]

Dutch denim brand G-Star has filed for Chapter 11 bankruptcy in the US citing the impact of Covid-19 on the business. “As a result of this crisis, the previously initiated shift to online has accelerated, at the expense of the performance of physical stores,” a G-Star spokesperson told FashionUnited. […]

New York – In an attempt to mitigate the negative economic impact of coronavirus pandemic, more and more companies in Japan are asking employees to retire early. The measure is expected to help companies offset months of declining business, increasing uncertainty and shifting consumer behaviours, all […]

ANALYSISnewsNew York – MercadoLibre (NASDAQ:MELI), also known as the ‘Latin American Spotify’, has come out reinforced after the coronavirus pandemic prompted lockdowns across South and Central America, which has significantly accelerated e-commerce adoption in the region. In the first quarter, MercadoLibre […]

While the coronavirus is a “defining moment” in the lives of people belonging to Generation Z, it reinforces their belief of constant change, as the pandemic is simply one of the pivotal events that has taken place in their lifetime. That’s according to research and advisory firm Gen Z planet LLC, which […]

Fast-fashion e-tailer Boohoo, which reported strong Q1 sales up 45 percent last month, has been accused of fuelling the coronavirus spread in Leicester, after claims that the factories in its supply chain told staff to come into work during lockdown despite being sick. A report from Labour Behind the […]

Pricing power: a phenomenon well known to financial analysts and general management. It indicates the practice of a company to increase its prices in periods of economic hardening: it is a question - we understand it easily - to increase its margin to compensate for the fall in sales volumes. Not all […]

Shoe Zone PLC has announced the appointment of Peter Foot as Finance Director, with effect from July 6, 2020. The company said in a statement that Foot will replace Jonathan Fearn whose resignation has been accepted with effect from July 31, 2020. Commenting on Foot’s appointment, Anthony Smith, Chief […]

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