The e-commerce giant Alibaba has surpassed revenue estimates for its fiscal third quarter as Covid-related restrictions in China ease. The company reported a 2% increase in revenue, reaching 247.76 billion yuan ($35.92 billion) for the period ending on December 31.…
The textile industry in Portugal has emerged as a significant player on the international stage. With its flexibility, inexpensive labor, and a spirit of innovation focused on sustainable practices, the industry has gained recognition and success. One example is a…
Hibbett Corporation, a Birmingham-based athletic fashion retailer, has reported a decline in sales and earnings for the first half of the year. The company’s net income was halved to $64.1 million, or $4.77 per diluted share, compared to $131.5 million,…
Sorel, a brand owned by Columbia Sportswear Company, is relocating its headquarters to Washington. The new headquarters will be situated in an exclusive single-use building on the Columbia Sportswear Company’s Washington county campus. Previously, it was based in a historic…
New Balance’s former partner in the Iberian peninsula files for bankruptcy Translated by Roberta HERRERA Experience Store, New Balance New Balance store in Fuencarral street in Madrid – New Balance The Mercantile Court No. 11 of Madrid declared the end…
David’s Bridal overhauls leadership team David’s Bridal announced on Wednesday several promotions of key leaders, three months after the struggling bridal retailer was rescued from bankruptcy by Cion Investment Corporation. David’s Bridal The U.S. retailer said Kelly Cook Joining David’s…
Frasers Group adds to Boohoo stake as it tops 17% Frasers Group’s appetite for stake-building in its online-only peers shows no signs of fading with news on Monday that the retail giant has boosted its holding in Boohoo PrettyLittleThing The…
More US shoppers tack on buy now, pay later debt for Cyber Monday By Reuters A record amount of price-pinched holiday shoppers are expected to use buy now, pay later services for Cyber Monday to relieve stress on their wallets,…
Inditex’s Bershka aims to cut returns in AI link-up with 3DLook More and more brands are incorporating AI into their operations in one way or another and the latest is InditexBershka 3DLook The link-up “aims to reduce return rates for…
Zara founder buys Amazon logistics centre in Dublin for $245 million By Reuters API Spanish billionaire and ZaraAmazon Zara – Reuters It is the first time Ortega’s firm has invested in logistics real estate in Ireland, Pontegadea said. In March,…
