Dive Brief: Saks.com, the e-commerce company affiliated with Saks Fifth Avenue’s stores, is planning layoffs of about 100 people or just over 3.5% of its total workforce, according to a person familiar with the situation. The news was first reported...
It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about. From Lululemon’s decision to pause...
British luxury brand Hotel Chocolat plans to open 50 new shops in the UK after enjoying its best Christmas shop sales since it was founded nearly 20 years ago.Despite recession fears and a cost of living crisis, it is even...
Dive Brief: Luxury fashion platform Syky has raised $9.5 million in a Series A funding round, the company announced this week. Seven Seven Six, the investment firm created by Reddit co-founder Alexis Ohanian, led the financing round, and Brevan Howard Digital,...
Dive Brief: Continuing its focus on emerging fashion designers, Shein has amassed almost 3,000 aspiring fashion designers and artists as part of its Shein X incubator program and has invested $55 million in them, the company announced on Wednesday. It celebrated...
British bootmaker Dr Martens has cut its profit forecast for the second time in three months, pinning the blame on a bottleneck at a new distribution centre in Los Angeles and sending its shares down 25 per cent.The company said...
Dive Brief: Party City Holdco on Tuesday filed for voluntary Chapter 11 bankruptcy protection. The company said in court documents that it negotiated a deal with a bondholder group to obtain a $150 million debtor-in-possession loan, part of an "expedited restructuring"...
NEW YORK – Uniqlo’s parent Fast Retailing is banking on RFID technology to improve its supply chain management, and in turn, drive digital innovation and international growth. The company “is finally coming to a phase where we’re going to be...
Ten Chinese professional snooker players have been charged by the game’s governing body as part of an investigation into match fixing, in an embarrassing episode that threatens the sport’s standing in its most important growth market.Zhao Xintong, the world number...
A South Korean activist fund is pressing KT&G, the country’s largest tobacco and ginseng producer, to return about Won2.3tn ($1.86bn) to shareholders this year, piling pressure on the company ahead of its annual meeting in March.Flashlight Capital Partners, a fund...
