For the fourth quarter, RNB Retail said net sales decreased to 326 million Swedish krona, while comparable sales for the group on all national markets decreased by 32.8 percent. The company said in a statement that sales for comparable units in Sweden decreased by 35.5 percent, compared to the market […]

JCPenney said it is near to exiting Chapter 11 ahead of the busy December 2020 holiday season. The a beleaguered retailer filed a draft asset purchase agreement towards finalization of the acquisition by Brookfield Asset Management, Inc. and Simon Property Group, Inc. They are expected to buy substantially […]

SA Company, an outdoor lifestyle apparel business, has received a strategic investment from TZP Group through TZP Capital Partners III, LP, a private equity firm based in New York. Terms of the transaction were not disclosed. Founded in 2014 by CEO Thomas DeSernia, Jr., SA Company is a high-growth e-commerce […]

ThredUp, a clothing resale platform, has said that it has confidentially submitted paperwork to the U.S. Securities and Exchange Commission for an initial public offering of its Class A common stock. The news was reported by Reuters. In a statement, the company said that size and price range of the […]

Next has denied accusations it destroyed vital documents related to an equal pay claim being brought by store staff. Hundreds of mostly female shop-floor workers argue they should be paid as much as their male colleagues in warehouses who are earning between 2 and 6 pounds more per hour on average. […]

Royal Mail has announced its Posties will collect as well as deliver the mail on the doorstep in the UK, as it launches a parcel pick-up service in a bid to make returns easier for online retailers. The new Parcel Collect service is being described by Royal Mail as the “biggest shake-up to its daily […]

Boohoo bosses have bought more shares in the company following another slump in its price. The British retail giant’s founder and executive chairman Mahmud Kamani spent 729,000 pounds on 300,000 shares in the AIM-listed retailer, bringing his total stake to 12.6 percent. Catherine Catto, the wife of […]

True Religion announced this week that it has successfully emerged from Chapter 11 bankruptcy, following a court-approval of its reorganization plan. The plan significantly reduces the company's debt while providing liquidity to execute plans for growth. The denim brand had filed for Chapter 11 in April […]

The financial arm of Chinese e-commerce titan Alibaba received Monday a green light from Chinese regulators to list in Hong Kong, according to data published online, another step towards the biggest IPO in history. Ant Group aims to raise a massive 35 billion dollars via the share sale in a joint listing […]

After getting caught up in a labor scandal, UK-based fast-fashion retailer Boohoo has seen shares steeply decline. Now, the company has said they are seeing an auditor to replace PricewaterhouseCoopers. As of 8:26 GMT this morning, their stocks dropped as much as 17 percent, down 14 percent to 272.20 […]

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