Business

The Body Shop to shutter 75 UK stores, almost 800 jobs to be lost

As part of its administration process, The Body Shop is now preparing to close 75 stores across the UK over the next six weeks, with a reported 489 jobs believed to be on the line. These redundancies will be combined with the 300 head office jobs that are to also be cut amid an ongoing restructuring, as reported by the Guardian which cited a...

loading...

Fashion |Interview

How has Berlin Fashion Week evolved in the hands of the Fashion Council Germany?

Berlin Fashion Week, which took place in the German capital earlier this month, is not only evolving into a showcase for fashion, but also a driving force for change, innovation and economic development in the region. Until 2022, the German automotive group Mercedes-Benz was the main sponsor of the city's fashion week. Now, under the direction...

loading...

Fashion |Opinion

France's 5 euro fast fashion tax - A game changer for sustainable fashion?

In a pioneering move to counteract the detrimental effects of fast fashion, France has introduced a proposed levy of 5 euro on each fast fashion item sold. Spearheaded by French MP Antoine Vermorel Marques and backed by the Horizons Group, this tax proposal is a decisive statement against the environmental and social havoc wreaked by fast...

loading...

Business

TJX posts strong sales and earnings growth

The TJX Companies fourth quarter net sales were 16.4 billion dollars, an increase of 13 percent with comparable store sales increased 5 percent. For the full year, net sales of 54.2 billion dollars, increased 9 percent and comparable store sales increased 5 percent. Commenting on the results, Ernie Herrman, CEO and president of The TJX...

loading...

More News