For her appearances in the Wimbledon royal box this year, Kate Middleton, the Duchess of Cambridge, has leaned into her summer wardrobe fail-safes. During the men’s quarterfinal, the All England Tennis Club patron turned to her go-to designer Alessandra Rich…
Walmart’s Flipkart raises IPO valuation target to $60-70 bln, eyes 2023 listing By Reuters Walmart’s Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60-70 billion, and now plans a U.S. listing in…
Scotch & Soda France files for receivership Translated by Nicola Mira Belgian group Alain Broekaert (GAB) is seeking to initiate receivership proceedings for the French subsidiary of Dutch fashion brand Scotch & SodaFashionNetwork.com A Scotch & Soda store in Paris…
Victoria’s Secret CEO steps down Victoria’s Secret brand CEO Amy Hauk is set to step down, according to a filing with the Securities and Exchange Commission on Tuesday. Victoria’s Secret CEO steps down. – Victoria’s Secret Effective on March 31,…
Amazon records biggest ever Thanksgiving shopping weekend By Reuters AmazonNew Balance Reuters Fire TV Sticks, AirPods and ChampionAmazon did not provide a total sales figure for the weekend, but noted shoppers generated more than $1 billion in sales for small…
Dick’s Sporting Goods Q2 sales boosted by comps, profit hit by inventory shrinkage U.S. retailer Dick’s Sporting Goods said total revenues reached $3.2 billion for the second quarter, up on 3.6%, on the back of a return to comparable sales growth…
U.S. consumer watchdog to review ‘excessive’ credit card late payment fees By Reuters The top U.S. consumer watchdog on Wednesday said it had begun a review of “excessive” credit card fees and asked card issuers for data on revenue and…
Zara owner Inditex invests in US polyester recycling start-up By Reuters API ZaraInditex Zara Athleticz x Ambercycle – Zara As fast-fashion retailers face pressure to reduce waste and use recycled fabrics, Inditex will invest 70 million euros in Ambercycle’s which…
Castore sales, profits leap; digital focus is key but cheaper store rents help too Castore — or J Carter Sporting Club Limited as the company is officially called — has reported its results for the year to January with turnover…
Walmart to upgrade 1,400 stores with $9 billion investment By Reuters U.S. retail chain Walmart on Monday said it is investing more than $9 billion over a two-year period to upgrade and modernize some U.S. stores with improved layouts, expanded…
