The Death by Amazon Index launched in 2012 is now being joined by new exchange-traded funds launched Thursday, which allow investors to bet on the decline of traditional retail or on the rise to supremacy of online sales.
British designer Vivienne Westwood said sales for the year to 31 December 2016 increased by 11%, but margins were under pressure due to the challenging conditions in the retail market and the weak pound following Brexit.
Has the devastation of the UK high street made a dent at the value and older end of the fashion market? Bonmarché gave us some clues on Monday when it issued first-half results and it seems to be making progress.
Deckers Brands filed a letter to stockholders on Friday touting the company’s turnaround strategy, a move against activist shareholder Marcato Capital Management, which is seeking drastic changes to the company.
Adidas, a long-standing sponsor of FIFA, “would have a problem” with the global soccer body if it was found to have broken the law by a U.S. investigation into bribery, the company’s chief executive told a German paper.
La Perla has launched its own version of try before you buy and will add features to it that reflect the brand’s luxury profile to differentiate it from try now, pay later options offered by other fashion e-tailers.
The South Korean cosmetics brand Dr.Jart+, which specializes in targeted skincare products presented in futuristic-looking packaging, is in the process of intensifying its international expansion efforts.