Walmart cuts jobs at corporate level – report By Reuters Walmart Inc is cutting hundreds of corporate roles in a restructuring effort, the Wall Street Journal reported on August 3, citing people familiar with the matter. Archivo Around 200 jobs are…
Boohoo sales drop for first time ever, but expects a Q2 return to growth Boohoo But compared to the same quarter prior to the pandemic, that was actually a 75% increase. Revenue in the UK in the latest quarter fell…
JD Sports Fashion H1 profits fall, but H2 starts strongly JD Sports Reuters The company recorded revenue of £4.418 billion (based on IFRS 16 figures), up from £3.885 billion. But operating profit dropped to £332.9 million from £396.8 million, and…
Zalando takes stance against mulesing It emerged on Friday that online fashion giant Zalando Photo: Four Paws/Bente Stachowske As is usual with announcements linked to animal welfare issues around the fashion industry (such as ending the use of fur by…
H&M is to wind down in Russia, will reopen temporarily H&M H&M’s Moscow store – H&M It has been in Russia since 2009 and “regrets that the business cannot continue under the current circumstances and that many colleagues are affected…
Stokomani names Damien Defforey as president Translated by Roberta HERRERA Distribution specialist, Damien Defforey has been named the new president of Stokomani. The former CEO of C&A Damien Defforey becomes Stokomani’s new president – C&A “I would like to thank…
U.S. retail sales unchanged; consumers showing resilience By Reuters U.S. retail sales were unexpectedly flat in September as households cut back on purchases of motor vehicles and other big-ticket items like electronics and appliances amid stubbornly high inflation and rapidly…
Dr Martens says latest quarter met expectations Dr Martens issued a trading statement ahead of its annual general meeting on Thursday and it looks like business is continuing to go well. Dr Martens The footwear specialist said that trading since…
Ted Baker selects preferred bidder, Sycamore drops out The process to take over Ted Baker Ted Baker However, we do know the private equity group that kicked off the bidding with several unsolicited offers a few months ago, isn’t going…
Nanushka launches new alternative to leather Translated by Roberta HERRERA Guests invited to the presentation of Nanushka’s Spring/Summer 2023 collection were greeted by a palette of pastel colors combining different textures and highlighting traditional craft techniques. The event took place…
