The Neiman Marcus Group (NMG) is the latest retailer to announce its commitment to go fur-free by early 2023, with plans to close all its existing fur salons and convert them to spaces for “modern luxury experiences”.
Retailers and unions negotiating over a legally binding workers' safety accord in Bangladesh due to expire on Monday reached a tentative deal to extend it by three months, unions involved in discussions said.
Kohl's Corp on Thursday warned of a hit to its full-year profit margin from higher labor and shipping costs as well as selling fewer products at full-price due to intensifying competition as the economy reopens.
Macy's on Tuesday raised its annual sales and profit forecasts, as speedy vaccinations encourage Americans to return to its stores to upgrade their wardrobes after being stuck at home for more than a year.
The American fashion company has joined forces with MLB to launch three collaborative collections featuring iconic teams including the New York Yankees, Los Angeles Dodgers, Chicago Cubs and St. Louis Cardinals.