Retail
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Spanish fashion retailer, Mango has achieved a significant milestone by concluding 2023 with record-breaking sales. By achieving unprecedented sales that catapulted over $3.28 billion.
Primark has announced effective April 1 2024, approximately 27,000 Primark employees will benefit from a pay rise of 9% in the United Kingdom.
The UK-based hair care brand Glaze has launched its products into 354 Target stores across the United States and on Target’s online platform.
The Body Shop, a well-known UK-based cosmetics company, has recently filed for bankruptcy in the United States and Canada.
Zulily, an online retailer known for its flash sales, is set to make a comeback after being acquired by Beyond Inc.,
The New York Stock Exchange (NYSE) has initiated the process to delist Express Inc., an apparel retailer, from its platform.
Matches Fashion, once a prominent name in the luxury online retail space, is set to cease operations.
Gap has partnered with Ambercycle to incorporate cycora®, a regenerated polyester, into its Athleta brand products.
Gymshark, a sportswear retailer, has recently launched an exclusive premium athleisure range in collaboration with Selfridges, marking its first venture into wholesale partnerships.
Beni has emerged as a key player in the secondhand marketplace with its innovative iOS app and strategic resale partnerships.
Nike is set to expand its retail presence with the opening of the first-ever Michael Jordan-branded store in the United States.
Arc’teryx, the Canadian brand known for its high-performance outdoor apparel and gear, has expanded its European presence with the opening of its largest store on the continent in London’s Covent Garden.
Burberry, the British luxury fashion house known for its iconic trench coats and distinctive check pattern, is set to expand its presence in the United States with two new retail experiences.
Renewcell, a Swedish company known for its innovative textile recycling technology, has filed for bankruptcy. Despite being a pioneer in the industry and opening the world’s first large-scale textile-to-textile recycling plant in late 2022, Renewcell struggled financially.
Macy’s is closing approximately 150 underproductive locations by 2026 to focus on luxury growth and Bloomingdale’s expansion.
IKEA Canada announced three new Plan and order points across Canada. These specialized locations are designed to offer customers a more personalized planning experience for complex home furnishing projects, such as kitchen or bedroom storage solutions.
Kinder Beauty, a company known for its cruelty-free beauty and lifestyle subscription boxes, has ceased operations.
Standard Dose, a pioneering CBD retailer, ultimately closed down its online operations due to a combination of regulatory challenges and financial pressures.
Recent studies by the United Kingdom Intellectual Property Office (UKIPO) revealed a striking trend. Men are twice as many male as female participants purchase counterfeit goods, particularly when these items are endorsed by social media influencers.
Known for outfitting fitness enthusiasts and fashion savants alike, their collection of bags has become as coveted as their iconic athleisure wear.