Latest Articles in News

Zalando souhaite acquérir son concurrent About You

Zalando entend mettre la main sur le détaillant en ligne About You. L'offre publique d'achat volontaire, confirmé par Zalando SE et la société mère d'About You, Otto Group, concerne 100% des actions (6,50 euros par action) d'About You. Actuellement, About You GmbH a 186 153 487 actions en circulation, comme indiqué sur le site web destiné aux...

BusinessFeatured

Zalando intends to take over About You

Zalando intends to make an offer for e-tailer About You. Both Zalando SE and About You's parent company, the Otto Group, have confirmed the planned acquisition. Zalando aims to acquire 100 percent of About You's shares for 6.50 euro per share. Summary • Zalando plans to acquire 100 percent of About You's shares for €6.50 per share. • Key About...

Fashion Featured

According to Strava, Nike leads the race of sports trends in 2024

Running shoes have transcended their original purpose to become a true icon of contemporary fashion. The boundary between sport and streetwear has blurred, transforming these shoes into a symbol of cultural identity, but there are still those who use them for running. This is confirmed by the Year In Sport 2024 report from Strava, a platform...

Business

Rent the Runway Q3 revenues up by 4.7 percent

Rent the Runway reported third quarter revenue of 75.9 million dollars, a 4.7 percent increase year-over-year. For fiscal year 2024, the company expects revenue growth of between 2 percent to 4 percent and adjusted EBITDA margin of 15 percent to 16 percent. “Rent the Runway has realigned our company talent and ways of working this year to be...

PeopleFeatured

Not-so-average: Arethabelle E. Smith, Head of Logistics at Shekudo

“I like to define myself as a storyteller in the sense that I found that I do enjoy telling stories of all forms,” said Arethabelle E. Smith when asked the question, ‘who are you?’ “Over the last couple of years, I would say that the story that I’m most passionate about sharing tends to be about the African narrative - what it means to be...

BusinessFeatured

Vince Holding: Sales decline but profit improves

For the third quarter, Vince Holding net sales decreased 4.7 percent to 80.2 million dollars driven by an 8.3 percent decrease in Vince brand direct-to-consumer sales and a 2.2 percent decrease in Vince brand wholesale sales. The company’s net income increased to 4.3 million dollars or 34 cents per diluted share, while adjusted net income was...

Business

Stitch Fix posts 12.6 percent drop in Q1 revenues

Online personal styling service Stitch Fix reported first quarter net revenue of 318.8 million dollars, a decrease of 12.6 percent year-over-year. For the second quarter, the company forecasts revenue to range between 290 million dollars to 300 million dollars, down between 9 to 12 percent and adjusted Ebitda in the range of 8 million dollars to...

Business

G-III raises earnings guidance for fiscal 2025

G-III Apparel Group’s third quarter net sales increased 1.8 percent to 1.09 billion dollars, while net income was 114.8 million dollars or 2.55 dollars per diluted share. The company said non-GAAP net income per diluted share was 2.59 dollars for the quarter compared to 2.78 dollars in the same period last year. Commenting on the financial...

Business

Cart.com acquires Guthy-Renker’s fulfilment operations arm OceanX

Cart.com, a unified commerce solutions provider, has acquired OceanX, the wholly-owned fulfillment operations arm of Guthy-Renker. The company said in a release that the acquisition further strengthens Cart.com's position as a leader in mid-market to enterprise logistics and expands its tech-enabled capabilities to support high-volume beauty,...

Fashion Featured

Why gift guides have lost their gloss

Holiday commerce has gotten more tedious with the onslaught of the gift guide, which has devolved into a ubiquitous marketing mechanism that has consumers rolling their eyes and scrolling past. What was once a curated selection of thoughtful recommendations has become a relentless affiliate marketing machine, driven more by commission potential...

Business

LVMH sells Thomas Pink to CP Brands Group and Icon Luxury Group

New York based firms CP Brands Group and Icon Luxury Group have announced the acquisition of British clothing brand Thomas Pink from its former parent company, LVMH. The deal was described by the two groups in a press release as a “joint partnership” that aims to “usher in a bold new chapter for the Thomas Pink brand”. Commenting on the move,...

Retail|Study Featured

Negative in-store experiences costing retailers $262 billion in sales

American retailers are struggling to maintain customer satisfaction, with negative in-store experiences costing the retail sector up to 262 billion dollars in lost revenue, according to a recent study from customer experience (CX) expert Forsta. After analyzing 50,000 online reviews from US and UK physical retailers, Forsta found that 48 percent...