Outdoor apparel and footwear brand, Columbia Sportswear Company has confirmed that it has closed its buyout of the remaining 40 percent interest in Columbia Sportswear Commercial (Shanghai) Company, its joint venture in China with Swire Resources Limited. The joint venture began operations on January […]

London Designer Outlet (LDO) in Wembley Park said in a statement that for the Christmas week, from December 21, 2018 to January 1, 2019, total revenue increased 2 percent year-on-year with footfall rising 8 percent over the same period last year. While sales of footwear climbed by 14.4 percent, sports […]

CEO INTERVIEW Much is discussed about the competition between brick and mortar stores and ecommerce, and the need for retailers to be “omnichannel”. But, for Danish company Miinto, this is not a battle. Rather, one can build a bridge between the high street and the Internet. Miinto is an online marketplace […]

Full price sales at Next Plc for the Christmas trading period, between October 28 and December 29, the company said in a statement, were in line with the guidance revealed in September and were up 1.5 percent on last year. For the full year, Next expects full price sales growth of 3.2 percent, while […]

New York - The first week of January is crucial as main apparel retailers in the UK share their Christmas trading updates. After John Lewis enjoyed the benefits of last-minute shopping, the City expects Next to report disappointing figures, forecasting in-store sales could be down as much as 13 percent. […]

New York - Amazon founder Jeff Bezos has gotten its ‘richest man in the world’ title re-assured as his personal worth increased by 24 billion to 123 billion dollars. Inditex and Fast Retailing founders have also made it to the top 30 wealthiest people worldwide. Bloomberg Billionaires Index has been […]

Total sales at John Lewis, the company said in a statement, were up 4.5 percent for the week ending December 29, 2018. Driven by strong sales on Christmas Eve and a confident start to clearance sales both online and in shops. The company added that fashion sales were up 10.7 percent on last year, with […]

Premium footwear brand Mahabis, known for its slippers with detachable soles that enables the footwear to be worn both inside the home and out, has entered administration. Founded by entrepreneur Ankur Shah in 2014, Mahabis, which claims to have sold nearly a million pair of slippers to customers in […]

JD.com is apparently making a U-turn in its plans to expand to the European market. Six months after Founder and CEO Richard Liu told German newspaper Handelsblatt that the company was soon to open an office in the country, a spokesperson for the Chinese e-commerce giant told the same publication that, […]

The Accord on Fire and Building Safety in Bangladesh (Accord) has handed over the safety activities of 80 more readymade garment (RMG) factories to the government’s Remediation Coordination Cell (RCC), taking the total number of factories transferred to 100. The agency announced this in a press release […]

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