German fashion house Hugo Boss set new targets to accelerate sales growth and lift profitability on Thursday as it seeks to react faster to trends, expand in Asia and quadruple the size of its online business by 2022.
Struggling Debenhams is under even more pressure as its shares continued their downward trajectory on Thursday, falling almost 9% in the first couple of hours after the markets opened to trade at less than 5p each.
YNAP’s luxury e-tailers Net-A-Porter and Mr Porter have unveiled their Christmas marketing campaigns with a focus for the former on the “ultimate in party dressing” and the latter on the service proposition.
John Lewis has unveiled its Christmas ad with the big reveal of what has come to be the most anticipated UK festive campaign being less of a surprise this year given that Elton John’s involvement was flagged in advance.
When Meghan Markle wore a pair of “slave-free” jeans last month, she sparked a sales stampede and shone a spotlight on the growing number of companies aiming to meet public demand for slave-free products.
Dutch payments firm Adyen is willing to take a hit on the transaction fees it charges in order to win new business, said CFO Ingo Uytdehaage, adding its model would support profit margins as volumes scale up.
The struggling lingerie brand is set to lose CEO Jan Singer, reported the Wall Street Journal on Wednesday, citing a person briefed in the matter who said that, after two years leading the label, Singer has resigned.
Despite originally being a U.S. tradition, Black Friday and Cyber Monday are becoming increasingly prevalent in Australia, with deliveries experiencing 10 per cent year-on-year growth in the week following the events.
Second-hand fashion site Vestiaire Collective announced on Wednesday that it will soon be welcoming a new CEO with a very international profile: Maximilian Bittner, founder of Asian e-commerce giant Lazada.