Q1 delivered good news for UK value retailer Matalan as it bounced back from a revenue dip in the last financial year and proved that the full-price strategy behind that earlier fall is really starting to pay off.
Topshop’s administrator in Australia is taking drastic action to save the business with as many as five of its nine standalone stores closing. Its very first Australian store will close within a fortnight.
Jean-Paul Gaultier was awarded Italy’s top prize representing cinema and fashion, the Ischia Global Fest Excellence Award, on Sunday night amid scenes worthy of a Fellini movie before an audience of Oscar winners.
UK-based Metail, a technology firm that specialises in ‘virtual’ try-on services, has raised £10 million from existing investors as it seeks to expand, to add men’s avatars to its service and to become profitable.
Another major fire has hit Camden Lock market, the London shopping destination that is a major tourist attraction and also a magnet for fashion industry professionals and students seeking vintage inspiration.
There’s a lot of contradictory data coming out of the UK at the moment but one thing is clear, while some stores are prospering, others are finding this spring/summer a struggle with fashion sales dropping last month.
Alibaba-backed firm Paytm Mall is on a hiring spree in the country as it looks to be battle ready to take on leading e-commerce giants like Flipkart and Amazon in India’s competitive e-commerce market.
J&F Investimentos SA has ended talks to sell a controlling stake in Havaianas flip flop maker Alpargatas SA to the investment firms of Brazil's most prominent banking clans because of differences over price.