ABG’s Ted Baker seeks job cuts In a tough retail landscape, news of redundancies are expected grow following the key Christmas trading and clearance sale periods. Ted Baker Ted Baker The news, which was first reported by Drapers, sees it joining…
Target warns of dull 2023 profit as heavy discounts sap margins By Reuters Target Reuters The retailer’s discounting strategy powered its sales and profit in the holiday quarter to exceed market expectations for the first time in a year, lifting…
Puma signs Skepta as global ambassador to “revolutionise” sports industry Global sports brand Puma Skepta How important is the collab? It’s early days, but Puma promises to deliver details of “new and exciting projects… that will revolutionise the industry… in…
Nike beats revenue estimates on strong demand for sneakers By Reuters NikeJordan Nike The world’s largest sportswear maker’s shares rose about 5% in extended trading. Nike has benefited from higher sales of its franchises such as Jordan and LeBron as…
Nordstrom to expand assortment of diverse brands with The Folklore Group Nordstrom Nordstrom to expand assortment of diverse brands with The Folklore Group. – Nordstrom As part of the partnership, through The Folklore Connect platform, a first-of-its-kind e-commerce tool, Nordstrom…
Alibaba’s breakup lifts hopes China’s regulatory winter is thawing By Reuters Alibaba Reuters The Jack Ma Its Hong Kong-listed shares closed up 12%, tracking a rally in its U.S.-listed shares overnight , and giving the group a market value of…
Gap France: court-ordered reorganisation, with debts of 5.9 million euros Translated by Cassidy STEPHENS As requested by the public prosecutor on Monday, the Grenoble Commercial Court officially placed Wilsam, owner of 20 GapGo Sport DR The court, which appointed the…
Nike cuts ties with Brooklyn Nets’ Kyrie Irving By Reuters API Nike Kyrie Irving – Reuters Irving faced heavy criticism after he posted a link to the 2018 documentary film on Twitter Irving could not be immediately reached for comment…
JD Sports powers ahead as core retail business gathers pace JD Sports Reuters Bearing in mind the announcement last month of the sale of a clutch of its premium fashion brands — such as TessutiEmpire“organic retail businesses”. And the performance…
JD Sports targets 800 stores in US market JD Appointed just six months ago, Schultz wants to achieve double-digit sales growth and profit margins over the next five years and the North American market will be crucial to achieving that…
