Puma celebrates 75th anniversary in 2023 A number of key labels have major anniversaries this year and sports giant Puma Puma The first event to mark the anniversary will be held at the start of the 2023 Formula 1 season…
Amazon to cut 18,000 jobs as layoffs expand in tech sector By Reuters AmazonAndy Jassy Reuters The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s e-commerce and human resources organizations, he said. The cuts…
Dresses and menswear surge as Joe Browns Christmas trading is robust Joe Browns Joe Browns Overall sales for the period jumped 19.5%, underpinned by an outstanding 35.2% leap in menswear sales, and supported by an 8.2% rise in womenswear. Home…
Lids opens second Lids Hat Drop store in Texas Sports retailer Lids announced on Monday the opening of the second iteration of the Lids Hat Drop store in Houston, Texas. Lids opens second Lids Hat Drop store in Texas. –…
Amazon to lay off staff in U.S., Canada and Costa Rica by end of day By Reuters API Amazon Reuters The layoffs are the latest in the U.S. technology sector, with companies cutting their bloated workforce and slashing costs to…
French watchdog orders Amazon to pay $3.5 million in penalties By Reuters API A French watchdog has ordered U.S. e-commerce giant Amazon Reuters France’s DGCCRF consumer fraud watchdog said in a statement Amazon had been ordered to make the changes,…
French label Kaporal files for receivership Translated by Nicola Mira French label KaporalFashionNetwork.com Kaporal Kaporal was founded in Marseilles in 2004 by Laurent Emsellem and his family, experts in the denim sector, and has forged a solid reputation as a…
Inditex adds Massimo Dutti’s offer to Zara’s US website Translated by Roberta HERRERA The InditexMassimo DuttiZara Massimo Dutti’s Spring/Summer 2023 campaign – Massimo Dutti – Facebook As published in the Spanish business newspaper Expansión, Zara’s US online shop has had…
H&M profit gets Q1 Sellpy boost, says womenswear, COS and Arket are strong H&M H&M Operating profit rose to SEK725 million (€65m/£58m/£69m) from SEK458 million, corresponding to an operating margin of 1.3%, up from 0.9%. It had been expected to…
Salesforce appoints new board directors amid activist investor pressure By Reuters API Salesforce The company appointed the chief executive of hedge fund ValueAct Capital, Mason Morfit, Mastercard finance chief Sachin Mehra and former chief executive of Carnival Corp Arnold Donald…
