Signet shares dropped over 22% after larger than expected declines in its legacy lines and reduced traffic during key December gifting weeks, leading company execs to suggest store closings and a reassessment of product.
The veteran fashion and luxury executive has become a partner in NEO Investments, the hard-charging private investment firm that owns significant stakes in a widening group of fashion and luxury brands.
Sears said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid of $5.2 billion, allowing the 126-year-old retailer to keep its doors open.
Primark saw higher sales in the 16 weeks to January 5, but its comp sales dipped, so it’s clear that even the strongest retailers are facing challenging times, even though it won market share and protected margins.
Sterling Jewelers Inc has agreed to pay $11 million in fines to settle charges by U.S. and New York regulators that it signed up consumers for store credit cards and credit insurance without permission.
The brand’s co-founder tells FashionNetwork.com about the evolution of its strategy, marked by fewer store openings, investment in digital, stock management and its new design team after returning to family ownership.
India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon and Walmart's Flipkart, could reduce online sales by $46 billion by 2022, according to a draft PwC analysis.
Any sneaker business seeking to boost its sales in the UK should be focusing on Manchester above all other cities. That's the takeaway from a new study from casual footwear retailer The Sole Supplier.