Victoria’s Secret acquires Adore Me U.S. lingerie giant Victoria’s Secret announced on Tuesday plans to acquire digitally-native intimates brand Adore Me, as the company makes further inroads in the online undergarment market. Victoria’s Secret Victoria’s Secret said its expects to leverage…
JD Sports Fashion chief Cowgill steps down, interim chair and CEO take over JD Sports The move comes as the multinational retailer is accelerating its plan to separate the chief executive and chairman roles that Cowgill has combined in his…
Gap slashes forecast as inflation rips demand, Old Navy stumbles By Reuters GapOld Navy The Banana Republic parent also posted a much wider-than-expected quarterly loss, slammed by surging costs of air freight and deeper discounts – Gap The Banana Republic…
RYU names new CFO Urban athletic apparel maker RYU Apparel announced on Friday the appointment of Robert Lelovic to the role of chief financial officer. RYU Apparel The Vancouver-based company said Lelovic brings two decades of experience building public companies across diverse…
Caleres Q1 sales, profits surge; increases full-year outlook Caleres The St. Louis-based company said sales for the first quarter ending April 30 surged 15.1% to$735.1 million year-over-year – Sam Edelman The St. Louis-based company said sales for the first quarter…
Very Group owners revive stock exchange listing plans – report Plans to list UK-based digital fashion retail giant Very Very Group Owner the Barclay family is keen to resurrect plans to float the £4 billion business, according to a report…
Ted Baker launches new website, adds fully local global versions Ted Baker Ted Baker It’s built on BigCommerce’s transformational multi-storefront (MSF) headless solution, with the company using a single BigCommerce store to operate multiple unique storefronts and “leverage the platform’s…
Adidas completes sale of Reebok Translated by Nicola Mira German sports group AdidasReebokAuthentic Brands Group Reebok To ensure a smooth transition, the German group will continue to oversee Reebok’s operational activities on behalf of ABG in several markets for a…
Adidas lowers 2022 expectations amid China lockdowns By Reuters API Adidas In Greater China, sales collapsed by 35% in the first quarter; for the year, revenue is expected to fall significantly due to store closures and strong traffic declines –…
Supima partners with TextileGenesis on traceability platform Supima Supima partners with TextileGenesis on traceability platform. – Supima The Supima blockchain platform powered by TextileGenesis will digitally connect Supima’s supply chain to validate its contents at every stage. The result is…
