The casual clothing retailer announced revenue of $538.4 million and income of $19.9 million for the fourth quarter on Wednesday, beating analysts’ estimates despite declines in both is top and bottom lines.
Department store chain Nordstrom said on Wednesday that it is getting into livestream shopping, with the launch of a new interactive shopping platform formalizing its commitment to digital customer experiences.
The industry has suffered a loss of approximately €1 billion as ski lifts and cable cars have been shut down in French resorts, with “the worst yet to come” according to industry association Union Sport et Cycle.
Spanish fashion retail giant Mango is moving its London flagship store to a new Location on Oxford Street. The company said the new store will have a “Mediterranean spirit" and will be the chain’s 36th UK location.
Commonwealth Bank of Australia on Wednesday became the first major lender in the country to offer its own "buy now, pay later" service, taking on U.S. payments giant PayPal and Afterpay with the promise of lower fees.
The Los Angeles-based designer Mike Amiri has launched a new annual award for American fashion talent and named it the Amiri Prize. The new award has a first prize of $100,000, and a year-long mentorship with Amiri.
Dr Martens has unveiled its collaboration with Rick Owens that launches on March 20. It has linked up with the designer to create a new version of the Dr Martens 1460 Bex platform boot, retailing at £299.
The Scottish government has unveiled a new timetable to exit lockdown with non-essential stores to reopen on 26 April. Click and collect facilities are to resume and salons are to reopen earlier than expected on 5 April.
Fashion retailer New Look is set to come face to face with its major landlords in a High Court battle over its rent restructuring plans. Observers say the outcome could have major implications for high street retail.