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Clarks is back in the metaverse with Roblox Playprints initiative
Clarks is returning to the metaverse via an “out-of-this-world adventure” with the launch of Playprints World on Roblox. This new development focuses on a category for which the brand is well-known — kids’ shoes.
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Happy Armani buoyant in 2022, says China bounces back in Q1 2023
Armani Group’s 2022 results have shown ongoing progress at one of the world’s best-known luxury names as net revenues jumped 16.5% to €2.35 billion and profit rose even faster.
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Uniqlo denies Russia exit plan, says no change to current suspension
Recent press reports that Japanese retail giant Fast Retailing is pulling its Uniqlo chain out of Russia entirely and selling up may have been wide of the mark.
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Nike makes key changes to leadership team to drive growth
Nike has unveiled big leadership changes to help it “streamline our focus across product, brand storytelling and marketplace, while building long-term growth and profitability”.
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Lids appoints Bob Durda as president
Indianapolis-based sports retailer Lids announced on Wednesday the appointment of company veteran Bob Durda as president.
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Guess swings to loss on lagging Americas retail, wholesale revenues
Guess Inc. announced on Wednesday revenues for the first quarter decline 4% to $569.8 million, on the back of plunging U.S. retail and wholesale sales, partially offset by a surge in retail sales in Asia.
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Target removing some LGBTQ merchandise following customer backlash
Target, which rolled out its Pride Collection at the start of May, is pulling some products from stores after facing customer backlash, a company spokesperson told Reuters on Tuesday.
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Fast-fashion giant Shein plans Mexico factory
Online fashion giant Shein is exploring plans to build a factory in Mexico as one of its manufacturing hubs outside China, sources familiar with the matter told Reuters.
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Abercrombie & Fitch jumps on surprise profit, sales forecast raise
Abercrombie & Fitch Co on Wednesday posted a surprise quarterly profit and lifted its full-year sales forecast, as the clothing retailer banks on its efforts to fill shelves with in-demand goods.
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US retailer holiday orders should boost transport demand, but risks loom
The slumping U.S. transportation sector could be bouncing off a bottom as retailers start preparing for the back-to-school season and winter holidays.
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Kohl's rises on surprise profit as CEO's turnaround plan shows effect
Kohl's Corp on Wednesday reported a surprise profit as its new CEO's efforts to turn around the company that saw its margins slump last year started showing results.
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American Eagle cuts annual revenue forecast on weak apparel demand
American Eagle Outfitters Inc cut its full-year revenue forecast on Wednesday, as apparel demand wavers due to still-high inflation, sending shares of the company down 15% after the bell.
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Amazon beats all 18 shareholder-led proposals at annual meeting
Amazon.com Inc investors voted against all 18 shareholder-led proposals during the e-commerce giant's annual meeting on Wednesday, a preliminary tally by the company showed.
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Balmain and Olivier Rousteing celebrate the Pre-Fall 2023 collection with New York-style fete
The French creative director welcomed VIP clients, fashion influencers, and press to view his collection that bows this month.
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Barbour gets new UK MD as US chief Wilkinson adds to his role
Barbour has a new MD for its core UK and Ireland market with the upscale British label promoting Paul Wilkinson from within its ranks.
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Hayley Menzies opens on Carnaby's Newburgh Street
London’s Carnaby continues to be a magnet for fashion independents with contemporary luxury brand Hayley Menzies choosing the Shaftesbury Capital operated area for its second London store.
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