PVH Corp. has appointed Allison Peterson, Chief Customer Officer for Best Buy Co., Inc., and George Cheeks, President and CEO of the CBS Entertainment Group, to its board of directors. The company said in a statement that their deep experience in successfully navigating consumer disruption will provide […]

Richard Collier, 47, will be the new Chief Executive Officer of Jack Wolfskin, effective December 1, 2020. The company said, in this role, he will be responsible for the successful further development of the strategic brand positioning, and the continued internationalization for Jack Wolfskin. “Richard’s […]

Thanks to Zalando’s Connected Retail programme, more than 2,000 retailers are now connected to the platform and can generate additional income to supplement what they earn at their bricks-and-mortar store with the help of easy and fast online integration. In an interview, Dr. Carsten Keller, VP […]

A new report assessing the global powers of luxury sees just 10 companies take more than half of all global luxury sales of the total top 100 companies it analysed. In a report by Deloitte, Global Powers of Luxury Goods 2020, the world’s top 100 luxury goods companies generated revenues of 281 billion […]

As shoppers and retailers navigate through the new six-foot economy, they are adjusting to help accommodate changing shopping patterns and safety guidelines. Handling merchandise returns in the ’new normal’ has proven to be a challenge for retailers. Many need to adapt their return policies to offer […]

Nike, Inc. has announced that its board of directors approved a quarterly cash dividend of 0.275 cents per share on the company’s outstanding Class A and Class B common stock. This, the company said in a statement, represents an increase of 12 percent versus the prior quarterly dividend rate of 0.245 […]

British footwear retailer Clarks has received the green light from creditors to go ahead with a company voluntary arrangement (CVA). Earlier this month, Hong Kong-based private equity firm LionRock Capital agreed to acquire a 100 million pound majority stake in Clarks provided the retailer’s CVA got […]

2020 has been a reckoning for the fashion and luxury industries, recording one of the worst years with sales down 23 percent over 2019. A new report by Bain shows the drop is the largest recorded fall since it began tracking the luxury industry. The overall market, it says, shrunk for the first time […]

Destination XL Group, Inc. reported total sales for the third quarter of 85.2 million dollars, down 20.1 percent, while net loss for the quarter was 7 million dollars compared to 7.2 million dollars in the prior year’s third quarter. Comparable sales for the quarter were down 20.5 percent to last year […]

Spanish fashion retailer Mango has said it expects to reach an online turnover of 1 billion euros by 2021. The brand, which was one of the earlier ones to dive into e-commerce in 2000, has seen impressive growth via its digital channels in recent years. From the start of this year until October, online […]

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