
Even as retailers lay off hundreds of thousands of workers globally in response to the pandemic, they are seeking to capitalise on a consumer rush online.
243 published items with the word (s) or phrase Saks Fifth Avenue in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Even as retailers lay off hundreds of thousands of workers globally in response to the pandemic, they are seeking to capitalise on a consumer rush online.
As virus-wary shoppers stayed home in the United States and Europe, apparel retailers braced for a blow to sales and a potential inventory glut.
Bharti Group business Bharti Realty is in talks with French luxury department store chain Galeries Lafayette about the possibility of opening its first store in India.
Despite disruption in Hong Kong, Kering recorded a positive Q3 with revenue up by 14%, driven by strong performances by Gucci, Bottega Veneta and Saint Laurent, as the luxury group’s share price soared last Friday.
U.S. luxury department-store chain Barneys New York is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores.
Grupo Sanborns, part of the group of companies owned by Mexican billionaire Carlos Slim, announced on Monday that it has reached an agreement to buy an 18.27% stake in Miniso, taking its total interest to 33.27%.
Fashion brands need to put their foot down and take action to prevent “a race to the bottom” in terms of discounts that threaten whole fashion retail eco-system, Farfetch CEO José Neves told FashionNetwork.com.
Menswear personalised styling service Thread has raised almost £17 million (actually $22 million) in Series B funding with the company’s latest investment round attracting H&M’s investment arm, among others.
Farfetch is rarely out of the news these days and on Thursday, as well as its link with The Modist for modest fashion, the company said that its buying and merchandising director Candice Fragis has left the company.
Luxury brands are raising their game in menswear, which is expanding at a faster clip than women's clothing as styles loosen up and streetwear like hoodies find a new audience.