Sainsbury’s may be bruised after its merger plan with Asda failed to get competition authority approval, but the company is still getting on with business as usual even if meaningful sales growth remains elusive.
Hot on the heels of its investment in luxury resale platform Fashionphile, the Neiman Marcus Group announced on Tuesday that it is considering a possible sale of profitable Munich-based fashion e-tailer MyTheresa.
Shopify Inc raised its 2019 earnings forecast and posted a surprise quarterly profit on Tuesday on strong demand for its software that helps retailers sell goods online, sending its shares up 7 percent to a record high.
The British luxury brand Belstaff will withdraw from Japan and close its six stores in the country at the end of July this year. The business will then dissolve its Japanese subsidiary in September 2019.
Parisian label Sonia Rykiel has filed for receivership and is looking for a new owner, FashionNetwork.com learned on Tuesday. The announcement comes after several years of declining sales at the label.
A key element in Christian Dior’s Marrakech cruise show was the innovative use of wax. Dior designer Maria Grazia Chiuri first got the idea after reading Wax & Co, a brilliant history of the material by Anne Grosfilley.
If we could be a fly on any wall, it would be the Arcadia boardroom on Tuesday with the board set to meet to talk about the future of the company’s various fashion chains in the UK and beyond, and its expected CVA.
Sales may have fallen again at Esprit in the first three months of the year, but the company seems to think that its restructuring plan is yielding results, although its full recovery is clearly some way off.