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The luxury goods market is a thriving industry, with revenue expected to reach US$354.80 billion in 2023 and an annual growth rate of 3.38% from 2023 to 2028. The largest segment within this market is luxury fashion, accounting for a…
Gap Inc., a leading global retail company, has recently emerged victorious in a shareholder lawsuit that challenged the organization’s commitment to racial diversity within its leadership ranks. The lawsuit claimed that the company’s directors had breached their duties by making…
Authentic Brands Group (ABG), the US private equity-backed company known for its ownership of brands such as Reebok and Ted Baker, has recently completed the acquisition of British heritage footwear brand Hunter. The deal, valued at $125 million, marks another…
Online fashion retailer Asos has announced the launch of a new initiative called ScaleUp, aimed at bridging the gap between the fashion industry and ethnic minority-owned brands. The program is designed to help these brands overcome barriers in accessing the…
The luxury fashion retailer, The Webster, is set to open three new locations by the end of 2024, in a strategic partnership with Simon, a global leader in retail real estate. This expansion plan aims to strengthen The Webster’s presence…
As ecommerce continues to grow, so does the number of returns made by customers. Understanding the state of ecommerce returns is crucial for any business looking to maximize profits and minimize losses. In this blog post, we will explore some…
ASOS, a prominent online fashion retailer, has recently faced significant financial challenges, with its stock becoming the UK’s worst-performing in 2022 after plummeting by 78%. The company’s struggles can be attributed to reduced consumer spending on clothing and increasing costs…
Fashion is always changing, and keeping up with the latest trends can be a challenge. One way to stay on top of what’s in style is to understand fashion seasons. In this guide, we’ll explore what fashion seasons are, how…
Esprit, the iconic lifestyle brand, has announced the opening of a long-term pop-up space at 130 Greene Street in New York City’s SoHo neighborhood on May 11, 2023. This move follows the brand’s successful reintroduction to NYC with its Prince…
The leading Chinese ultra-fast fashion company, Shein has recently announced its strategic move to commence garment production in Mexico. The Singapore-based online retailer, known for its affordable and trendy clothing, is exploring plans to build a factory in Mexico as…