Fashion retailers and department stores have had a tough time so far in February with the latest Confederation of British Industry (CBI) poll showing weak sales at stores, even though online continued to rise strongly.
Initial plans to open 20 Hudson’s Bay department stores in the Netherlands have been narrowed to 15. The retailer announced that it is currently focusing on stores that are in development and denies financial problems.
Asos and the British High Commission are hosting a event in Mauritius this Thursday with the aim of discussing the challenges in managing labour migration and agreeing a common framework for workers’ rights.
Speculation that Shandong Ruyi was in talks to buy the UK’s Arcadia Group may have been denied by both parties but it has certainly focused attention on the Chinese firm’s global ambitions in the fashion sector.
Amazon Registry Services has launched a new .Bot platform and has partnered with Automat on Beauty.bot, an artificial intelligence-powered conversational messaging platform custom tailored for the beauty industry.
The US National Cotton Council has praised Congress for passing a supplemental disaster bill that includes critically needed policy to restore eligibility for cotton in the Title I ARC/PLC programs of the farm bill.
LL Bean changed its lifetime return policy last Friday, transitioning to a more restrictive one year term. The company has now been sued by a consumer seeking to create a class action against the company for the change.
Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.