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Business

Q3 Highlights: financial performance of the fashion industry

A broad analysis of publications from the past three months shows that the fashion industry is resilient,driven by international growth, corporate mergers, and expansions. Major players reported revenue growth while many companies continue to navigate challenges such as fluctuating consumer spending, covid debts, and economic uncertainty in...

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BusinessFeatured

M&S to shut over 80 stores and purge clothing business

London - Although analysts already predicted Marks & Spencer would be shuttering a number of its stores to help cut costs, the industry was still taken aback when the British department store announced it would be exiting 10 loss-making international markets. This means that M&S will be closing 53 stores in China, France, Belgium, Estonia,...

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