Macy’s gives upbeat profit forecast amid retail gloom, shares surge By Reuters Macy’s Macy’s Like many retailers, Macy’s offered steep discounts during the holiday season to get rid of excess inventory and attract inflation-weary consumers. But Chief Executive Jeff Gennette…
Indochino 2022 revenue jumps 40% year-over-year Vancouver-based made-to-measure brand Indochino announced on Thursday 2022 as a record breaking year of growth, achieving a seven-figure positive EBITDA, and increasing year-over-year net revenue by 40%. Indochino 2022 revenue jumps 40% year-over-year. –…
Alibaba beats quarterly revenue estimates as Covid curbs ease By Reuters Alibaba The e-commerce giant has weathered a weak economy in China, which only lifted its three-year zero-COVID policy in December. Revenue rose 2% to 247.76 billion yuan ($35.92 billion)…
Tourism: Beijing on track to become world’s most powerful city destination by 2032 By AFP-Relaxnews While China has now reopened its borders after more than two years of Covid restrictions, the country is forecast to become a major tourist destination…
Mango launches new premium line, ‘Capsule’ Translated by Roberta HERRERA The Spanish fashion brand has launched a premium line for special occasions. As of Monday March 20, the new Spring/Summer 2023 ‘Capsule The collection is now available online and in…
Walmart US merchandising chief Redfield to step down By Reuters Walmart Inc U.S. chief merchandising officer Charles Redfield is stepping down after just over a year in the role, according to an internal memo seen by Reuters on Friday, at…
Flax: a key study to establish the sector’s priority issues Translated by Cassidy STEPHENS The Alliance for European Flax and Hemp pulled out all the stops when it brought together flax growers, luxury groups, sector managers and regional presidents on…
T.J. Maxx parent sees weak annual profit pressured by rising costs By Reuters TJX Cos Inc forecast annual profit below analysts’ expectations on Wednesday, as the off-price retailer faces pressures from supply chain costs as well as stubbornly high inflation,…
Italian label Twinset licenses eyewear to De Rigo Translated by Nicola Mira The partnership’s first eyewear collection reinterprets the Italian luxury womenswear label’s codes, featuring versatile, sophisticated models of both sunglasses and eyeglasses, and will be available from March 2023.…
Nordstrom to expand assortment of diverse brands with The Folklore Group Nordstrom Nordstrom to expand assortment of diverse brands with The Folklore Group. – Nordstrom As part of the partnership, through The Folklore Connect platform, a first-of-its-kind e-commerce tool, Nordstrom…
