Frasers Group has increased its stake in British luxury handbag label Mulberry for the second time in a month, bringing its total holding from 29.6 percent to 36.8 percent. Frasers Group, formerly known as Sports Direct, first bought a 12.5 percent stake in Mulberry in February as part of the company’s […]

L Brands, Inc. reported earnings per share of 1.17 dollars for the third quarter ended October 31, 2020 compared to a loss per share of 91 cents for the quarter ended November 2, 2019. Third quarter operating income was 580.6 million dollars compared to an operating loss of 151.2 million dollars last […]

For the third quarter, Shoe Carnival, Inc. reported net sales of 274.6 million dollars, which were flat compared to the third quarter of fiscal 2019, while comparable store sales increased 0.9 percent. The company said, ecommerce sales increased over 150 percent and represented more than 13 percent […]

Elizabeth Drori has been named the new Chief Marketing Officer for Sperry, a division of Wolverine World Wide, Inc. In her new role, the company said in a statement, Drori will focus on developing and executing Sperry’s global brand strategy, including the delivery of integrated marketing activations […]

Launchmetrics, the brand performance cloud for fashion, luxury, and beauty, has acquired China’s leading influencer analytics platform Parklu. Parklu manages a network of more 100,000 fashion and beauty influencers, known locally as key opinion leaders (KOLs) across all of China’s major social media […]

Russian online retailer Ozon is looking to raise nearly 1.0 billion dollars in a US initial public offering (IPO), according to regulatory paperwork filed Tuesday. The online giant, which reported growth of 142 percent year-on-year in the first nine months of 2020, is aiming to capitalise on the boom […]

Minneapolis-based Target Corp. (TGT) reported robust growth in both sales and profitability during its third quarter. With an adjusted earnings per share growth of 105.1 percent, and comparable sales increase of 20.7 percent, the company's results surpassed analysts' projections. More than 95 percent […]

The TJX Companies, Inc. has announced that net sales for the third quarter were 10.1 billion dollars, while overall open-only comp store sales were down 5 percent versus last year. The company said in a statement that net income for the quarter was 867 million dollars and diluted earnings per share […]

2020 has been a year marked with unprecedented perseverance, creativity, and new perspectives on the best ways to run a business. In the midst of countless industry changes and obstacles, B2B e-commerce has continued to see large upturns in growth and revenues. With figures like e-retail sales accounting […]

Historically, fashion has invested mostly in the consumer facing digital experience, but because of the pandemic, everything that was ‘under the hood’ in the industry came to a standstill. From how garments are created to wholesale selling, there was still very little digitization in those areas and […]

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