U.S. retail sales stumble as inflation bites By Reuters U.S. retail sales unexpectedly fell in May as motor vehicle purchases declined amid rampant shortages, and record high gasoline prices pulled spending away from other goods. The first drop in sales…
Amazon wins EU antitrust nod for $8.5 billion MGM acquisition By Reuters API Amazon The European Commission said the deal would not pose competition concerns in Europe, confirming a Reuters story on March 9 – Reuters The European Commission said…
Katla launches NFT collection with Icelandic artist Hendrikka Waage Sustainable, made-to-order womenswear brand Katla has pioneered a new way to distribute NFTs through clothes. Katla launches NFT collection with Icelandic artist, Hendrikka Waage. – Katla The initiative launched on International…
Live video shopping emerging in Europe after booming in China A number of digital shopping formats have emerged during the last two years, as a consequence of the pandemic and repeated lockdowns, and are now integral to the world of…
Kingpins Amsterdam returns to physical format with new larger venue Kingpins The U.S.-based denim tradeshow’s April edition in Amsterdam will take place in a new venue,SugarCity – Kingpins The U.S.-based denim tradeshow’s April edition in Amsterdam will take place in…
ISKO opens London denim centre Turkish denim manufacturing giant ISKO has opened a product development centre in London, saying it’s the first of its kind in the UK. Creative Room London Called the Creative Room London, the “one-of-a-kind facility” marks…
Visa, Mastercard suspend operations in Russia over Ukraine invasion By Reuters API U.S. payments firms Visa Inc and Mastercard Inc on Saturday said they were suspending operations in Russia over the invasion of Ukraine, and that they would work with…
Banana Republic to close UK and EU webstores next month The end of May will see the final exit of GapBanana Republic Banana Republic The retailer, which sells womenswear and menswear, has around 700 stores in total globally. Within this…
Boohoo opens in-house Textile & Apparel Laboratory The Boohoo Boohoo Group The new facility is meant to give the business and its suppliers “better visibility of product performance, with a variety of retail testing available to ensure that products meet…
JD.com posts quarterly loss as costs rise, revenue growth slows By Reuters API JD Reuters The slowdown in the world’s second-largest economy has taken a toll on its e-commerce sector, as consumers cut back on discretionary spending. Last month, rival…
