The problems currently being endured by Australian department store operators have come into even sharper focus as upscale retailer David Jones has axed 16 senior staff with its fashion MD having been terminated
Labour representatives at Hudson’s Bay German department store chain Kaufhof are expected to put the brakes on restructuring talks in the face of reports about a possible joint venture with Austria’s Signa.
Nike Inc topped analysts’ quarterly revenue and profit estimates on Thursday and posted its first sales rise in a year in North America as the world’s largest footwear maker benefited from a flurry of launches.
Amidst refocusing and redirecting to gain consumers in the lifestyle space, Garneau has acquired cycling brand Sugoi. The acquisition positions the company to win more West Coast market share in both the US and Canada.
Hot weather helped British retail sales growth surge during the first half of this month, adding to signs that consumers are shrugging off a weak start to 2018, according to the CBI. But they weren't buying fashion.
H&M is upbeat despite a tough six months, saying it's on the right path, is improving the product mix, seeing good results from new launches and scaling up tech developments that offer future profit potential.
The brand group announced on Wednesday that it has entered into an agreement to acquire the majority of the North American licensing business, which has a portfolio including Disney, Calvin Klein and Under Armour.