Target warns of dull 2023 profit as heavy discounts sap margins By Reuters Target Reuters The retailer’s discounting strategy powered its sales and profit in the holiday quarter to exceed market expectations for the first time in a year, lifting…
Amazon rallies after research firm predicts upbeat retail sales By Reuters API Amazon Reuters Amazon’s shares climbed 3.6% to $107.44, their highest since Feb. 3, giving the Seattle company a stock market value of $1.1 trillion. Data compiled by YipitData…
Activists target Adidas with spoof event at Berlin Fashion Week Translated by Roberta HERRERA “Is this too good to be true?” wondered those attending a packed AdidasBerlin Fashion Week The garments in the fashion show were made from the brand’s…
Lululemon sets up shop on the Champs Elysées Translated by Roberta HERRERA Opening a store on the Champs Elysées is always an important milestone in the history of a company. For Canadian sports brand Lululemon, it represents an exciting milestone…
Inditex discontinues sustainability label ‘Join Life’ Translated by Roberta HERRERA The InditexMango The Spanish company will no longer use the Join Life label for its garments – Inditex “We have reached a point in the development of our strategy where…
Supreme opens giant store in West Hollywood One week after the opening of the new Supreme store in Los Angeles, the queue has not diminished. Every day, count 30 minutes minimum to enter, and four bodyguards, with headphones and walkie-talkie…
Carven entrusts its creative direction to Louise Trotter Translated by Cassidy STEPHENS Louise Trotter joins a respected French fashion house. Earlier this year, the British creative director left Lacoste Louise Trotter – Carven The designer will now work at CarvenJosephParis…
Scotch & Soda works with advisor on sale plan – report Fast-expanding Scotch & Soda’s private equity backer is mulling a sale of the company and is working with Teneo on its plans, a report has claimed. Scotch & Soda,…
Ba&sh launches resale program in the U.S. Ba&sh Ba&sh launches resale program in the U.S. – Ba&sh The French contemporary label has launched ‘Ba&sh Second Hand’, developed with resale platform Archive. The user-friendly system allows U.S.-based sellers to list used…
Woolrich drops parka made with plant-based fibres Translated by Nicola Mira US outdoor label Woolrich The Woolrich Arctic Parka made with Brewed Protein polymers The Brewed Protein polymers used for the parka has been developed by Japanese start-up Spiber by…
