Parfois opens its first store in Istanbul By Jornal T Translated by Cassidy STEPHENS The Portuguese brand has entered the Turkish market, growing its international presence. The brand is also present in Albania, Switzerland, Trinidad and Tobago, Malta, Cyprus, Dominican Republic…
Arket to unveil Scandinavian-style showcase in Paris on November 4 Translated by Nicola Mira ArketH&MCOSMonkiArchives The Arket store’s shop front overlooks rue des Archives – DR Arket is keen to attract a family clientèle, being more than just a fashion…
H&M launches first dance collection under Move banner With performance activewear and athleisure still riding high, more mainstream retailers are moving into areas once the preserve of sport specialists. And they’re becoming more niche as they do so, focusing on…
TJX lifts sales forecast on demand for discounted apparel By Reuters TJX Cos Inc raised annual same-store sales forecast and beat quarterly profit estimates on Wednesday, as cash-strapped consumers turn to the discount store for affordable clothing and home decor…
Pacsun unveils new retail design in San Diego U.S. retailer Pacsun opened on Thursday its newest location at the Fashion Valley in San Diego, unveiling a redesigned retail space in line with Pacsun’s latest brick-and-mortar vision. Pacsun unveils new retail…
Boohoo delays and cancels orders – report Boohoo Reuters The Sunday Times reported that clothing suppliers in Leicester are feeling the biggest impact from the cancellations. A Boohoo spokesman told the newspaper: “As is the case across a retail sector…
Aritzia Q2 comp sales, revenues climb Canadian fashion retailer Aritzia announced on Wednesday a 50% surge in net revenues for the second quarter, due to strong growth across all channels and geographies. Aritzia Q2 sales, revenues climb. – Aritzia The…
Walmart’s net profit rises 10% in Mexico, even as expenses climb By Reuters Walmart’s Mexico unit on Thursday posted a 10% jump in third-quarter net profit, tracking analyst estimates, while expenses grew faster than revenue due to higher e-commerce and…
Amazon predicts sales growth slowdown for holidays, crushing shares By Reuters Amazon Reuters Amazon’s 12% extended-trade stock drop erased about $140 billion in its market capitalization, greater than the entire value of companies such as Morgan Stanley For months, the…
Nearly half of Meta job cuts were in tech, reorg underway By Reuters API Facebook owner Meta Platforms told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it…
