Uniqlo outpaces Zara as most valuable clothier with $103bn
The value of Fast Retailing, the Japanese parent of casual clothing chain Uniqlo, reached USD ($103 billion) putting it at the top of the global...
Tag : ecommerce
Walmart, Target & Amazon to Hike wages
Walmart said its minimum starting wage for workers will remain at $11 an hour. Walmart announced that it will give 425,000 employees a raise, a...
H&M & LEE COME TOGETHER TO LAUNCH SUSTAINABLE COLLECTION
Focus on men’s, women’ and kid’swear. The Lee x H&M collection focuses on sustainability in its design, looking at every stage of the denim production...
70% of this brand sales coming online
Company Expects to see a baby boom in 2021, with searches for ‘new baby’ on its website up 274 per cent in December. Purchases made...
ONLINE IS NOT PERMANENT SAYS PRIMARK’S CHIEF
Primark’s chief executive Paul Marchant has slammed claims that COVID-19 has brought about a permanent shift to online shopping, Marchant took aim at pundits who...
Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position
The company has managed to turn around the impact caused by the Covid-19 pandemic, generating a net profit of € 671million in the nine months...
COMPANIES THAT FILED FOR BANKRUPCIES IN 2020
Pier 1 Imports The home goods chain Pier 1 Imports filed for Chapter 11 bankruptcy protection on Feb. 17, listing $340.6 million in liabilities. Its...
Holiday Sales Likely to See 1% to 5% increase: Deloitte
It is expected that holiday sales are likely to increase between 1 and 5%, and Deloitte’s overall sales forecast between 1,147 and 1,152 billion dollars...
ONLINE DRIVING SALES IN THE UK SHOPPERS BUYING CLOTHING & FOOTWEAR
Shoppers turned online to spend once more in August, driving the strongest UK retail sales growth for more than two years, the latest figures from...
Abercrombie & Fitch’s second-quarter online sales surged 56%.
The apparel retailer reported a surprise profit, as it cut costs amid the e-commerce boom. Abercrombie called out a slower start to the back-to-school season...