Sale news and archive

Sale and special offers: a closer look at the discounting practices in the fashion industry

Discounting has become somewhat of the norm in the fashion industry today, with clearance culture emerging as the solution to excess stock for many retailers and brands. But could this practice be doing more harm than good? This background piece looks at sale and discounting practices. Contents • In fact, there’s not always a sale on • What...

RetailFeatured

Half of global luxury shoppers buy at discount

Half of global luxury shoppers are partial to a bargain. According to the YouGov Affluent Perspective’s Global Luxury Retail Report 2018, half of all global luxury shoppers state they “only buy luxury when it is discounted.” The report, which focuses on the 56 percent of global affluents shoppers who purchase luxury products and services across...

BusinessFeatured

American Apparel taps investment bank to explore sale options

London - Although the door may have closed on American Apparel bankruptcy the story continues on, as the retailer forges on with its restructure and reorganization plan. However, now things appeared to have taken a sudden twist (or perhaps not so sudden) as American Apparel is said to have hired investment bank Houlihan Lokey to explore options...

Business |UPDATE Featured

Shandong Ruyi signs deal to acquire SMCP

Shandong Ruyi has signed a deal which would see the Chinese textile company acquire a controlling stake in fashion group Sandro, Maje and Claudie Pierlot (SMCP), valued at an estimated 1.3 billion euros. Shandong Ruyi confirms acquisition of SMCP News of the impending deal broke earlier this week, as private equity firm Kohlberg Kravis Roberts &...

Business |UPDATE Featured

KKR moves closer to selling SMCP to Shandong Ruyi

London - SMCP, the fashion group consisting of French fashion labels Sandro, Maje and Claudie Pierlot is inching closer to a potential sale to Chinese textile manufacturer Shandong Ruyi, in a deal which is said to value the group at 1.3 billion euros (1.45 billions US dollars), including debt. News of the possible sale comes as US private equity...

Business

Alibaba to pay 266 million US dollars for Hong Kong's SCMP newspaper

Chinese Internet giant Alibaba will pay 266 million US dollars for Hong Kong's South China Morning Post, the newspaper said Monday, far higher than analysts' estimates in a deal that has sparked fears the paper will lose its independent voice. The business had been valued at half that amount, and some observers said the hefty price tag reflects...

Fashion

Sluggish quarter forces retailers into sale mode

After the removal of excise duty on branded apparels, retailers breathed a sigh of relief and were hoping to pass on the benefit to customers. However, yet another sluggish quarter with low consumer sentiment has forced them into announcing end of season sales, much in advance. Now they are banking heavily upon the sale season to boost margins....