More and more consumers are demanding fashion companies to be transparent about where and how their clothes are made, as they find transparency is key for a fairer and more sustainable fashion industry. H&M is the latest company to take steps in that direction: the brand’s website now contains extended […]

Rent the Runway, fashion’s latest unicorn valued at 1 billion US dollars in March, is going overseas for the very first time. The American company will be opening an international technology office in Galway, Ireland, in May, with the goal to “tackle core technology challenges that are critical to Rent […]

Famed for luxury red-soled stilettos,French shoe designer Christian Louboutin has taken inspiration for a new sandal from Pakistan's tribal frontier, sparking claims of cultural appropriation along with grins from grizzled Pakistani cobblers. A post on Louboutin's Instagram last month announcing the […]

For the fourth quarter Reliance Retail’s profit before depreciation, interest and taxes (PBDIT) rose 77 per cent. PBDIT for the financial year 2019 grew by 145.2 per cent year-on-year as against the previous year. Reliance Retail has become the first Indian retailer to cross more than 10,000 stores. […]

Destination Maternity Corporation, for the fourth quarter ended February 2, 2019 reported net loss of 6.4 million dollars or 46 cents per diluted share compared to 10.2 million dollars or 73 cents per diluted share, for the fourth quarter of fiscal 2017. Net loss for fiscal 2018 was 14.3 million dollars […]

Sales at Skechers USA Inc., grew 2.1 percent or 5.2 percent at constant currency to 1.276 billion dollars for the first quarter, which the company said was a result of a 9.3 percent increase in its international business, partially offset by a 6.3 percent decrease in the domestic business. Comparable […]

Pinterest priced its shares at 19 US dollars for its initial public offering, valuing the image-sharing platform at 12.7 billion US dollars. The shares begin trading this Thursday on the New York Stock Exchange under the ticker symbol PINS. Goldman Sachs and J.P. Morgan Chase are leading the offering. […]

Facebook Inc is working to develop a voice assistant to compete with Amazon’s Alexa, Apple’s Siri and Alphabet Inc’s Google Assistant, Reuters reports. “We are working to develop voice and AI assistant technologies that may work across our family of AR/VR products including Portal, Oculus and future […]

Amazon plans to close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals such as Alibaba and JD.com, a report said on Thursday. The US e-commerce pioneer will maintain other operations in China such as Amazon Web Services […]

LVMH came first on Deloitte’s annual list of the world’s largest luxury goods companies once more, followed by Estée Lauder and Richemont. Kering and Luxottica switched places, with the French conglomerate moving up to the fourth position while the Italian eyewear giant fell to the fifth. The report, […]

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