August 2019 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 9.9 percent year on year. The company said in a statement that total sales including online sales increased by 9.5 percent. The company attributed same-store sales rise in August to the […]

John Lewis said in a statement that total sales for the week ending August 31, 2019 were down 7.2 percent, on the same week last year as warm weather over the bank holiday weekend impacted trade. Fashion sales were also down 5.8 percent. The company added that schoolwear sales, however picked up towards […]

VIA Outlets, the fastest-growing owner-operator of premium outlet centres in Europe, has confirmed that both Hammerson and APG have each increased their ownership to create a 50:50 joint venture to “streamline” the structure of the business. Hammerson and APG have increased their shares in the 1.6 billion […]

CEO INTERVIEWFor most people, work is the last thing they want to think about while on vacation. For Alberto Espinos, however, a trip to Thailand with some friends in 2016 generated a business idea that flipped his career upside down. After hiking hundreds of hours carrying heavy backpacks, he and his […]

Austrian fibre producer, The Lenzing Group, received confirmation of the full biodegradability of its fibers in fresh water by the independent research laboratory Organic Waste Systems (OWS). The new and existing international certifications conducted by OWS and issued by TÜV Austria verify that Lenzing’s […]

The VF Corporation, parent to brands like Timberland, the North Face, Vans, Dickies and Kipling, announced on Friday that it would no longer source leather from Brazil due to environmental concerns. From 1st January to 20th August 2019, fires in the Brazilian Amazon have increased by 84 percent compared […]

Indian e-commerce marketplace Flipkart Group has signed a deal with Authentic Brands Group (ABG) for the licensing and distribution of lifestyle brand Nautica in India. As a part of this agreement, Flipkart Group will manage Nautica’s online and offline business, through a network of franchise partners, […]

Gap Inc. has announced that, following the completion of its split from Old Navy, the new public company, currently referred to as NewCo, will retain the Gap Inc. name. The new Gap Inc. will include the remaining brands following the separation from Old Navy, including Gap, Banana Republic, Athleta, […]

Canadian retailer Hudson's Bay is reportedly planning to close all its stores in the Netherlands by the end of the year. A total of 15 stores will be closed and 1,424 jobs will be lost, according to Dutch newspaper Het Financieele Dagblad (FD), citing a letter from Hudson’s Bay parent company Hudson’s […]

US retailer Forever 21 is mulling a bankruptcy. The news was first reported by Bloomberg on Wednesday, which said options for a turnaround are swiftly dwindling. Huge debts, underperforming stores and lacklustre collections have been ailing the troubled fashion chain. Forever 21 currently operates over […]

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