Since reopening last Monday, on June 15, 2020, average transactional spend at Springfields Outlet and Leisure has increased by 11 percent across the three quarters of stores which have reopened. The company said in a statement when comparing the first full week of trading with the same period last year, […]

Deckers Brands has appointed Victor Luis to its board of directors. Coinciding with this appointment, Deckers said in a statement that James Quinn has resigned from the board. “I am excited to join the Deckers board of directors. I look forward to supporting the management team in the execution of global […]

New York – With 373 stores – half of them in the UK, the brand’s domestic market – Primark’s leadership have said many times that their growth, now and in the future, will continue to come from growing their physical stores network. In light of the coronavirus pandemic and the way it has dramatically […]

British retail giants Marks & Spencer and Next are reportedly both interested in taking control of the UK arm of Victoria’s Secret after its owner L Brands placed it into administration with Deloitte earlier this month. At least one other unnamed party is also interested, Sky News reported on Friday. […]

British shopping centre operator Intu has fallen into administration following failed crunch talks with its lenders, becoming the latest - and one of the largest - casualties of British retail in recent months. The firm, which operates Manchester’s Trafford Centre and Lakeside in Essex, announced Friday […]

Earlier today, FashionUnited reported that Nike suffered a 790 million dollar loss for Q4. Now, in order to help their balance sheet, Nike is planning job cuts as they are planning to shift their model to be more direct-to-consumer through their online and retail channels. The 790 million dollar loss […]

Shares of Gap Inc. (GPS) are gaining almost 34 percent or 3.43 dollars in Friday's morning trade at 3.59 dollars after the apparel retailer announced a partnership with rapper and singer Kanye West. Friday, Gap said it is in deal with Kanye West to launch the Yeezy Gap line, to be available in Gap stores […]

Shares of Nike, Inc. (NKE) are falling more than 4 percent Friday morning after the company reported an unexpected loss in the fourth quarter as its sales were hurt by the pandemic. Nike reported net loss of 790 million dollars, or 0.51 per share, during the fourth quarter compared with net income of […]

Paris prosecutors sought prison terms Friday for the leaders of a ring accused of making and selling fake handbags from iconic French luxury house Hermes, including some former employees. The network, which targeted Asian tourists in Paris but also clients in Hong Kong in 2013 and 2014, was uncovered […]

Amazon has announced the launch of a new counterfeit crimes unit in its latest bid to combat counterfeit products on its website. The US retail giant said it has created a global, multi-disciplinary team comprising former federal prosecutors, experienced investigators, and data analysts to “work to […]

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