RetailBoss is streamlining its retail news with our weekly retail roundup, including updates from around the globe. Here are today's top stories from this week; if you want to get this news in your inbox, sign up for our free retail newsletter and follow us online at @retailboss on Instagram, Facebook, Twitter and Linkedin.
- Amazon Is Closing Brick-and-Mortar Style Stores In a surprising turn of events, Amazon, the e-commerce giant, has announced the closure of its brick-and-mortar Amazon
- SHEIN buys fast fashion brand Missguided SHEIN, a leading online fashion and lifestyle retailer, has announced its acquisition of Missguided, a dynamic women’s fashion brand from the British retail group, Frasers.
- TJMaxx, Marshall’s are quietly closing select New York stores Popular discount chains TJMaxx and Marshalls, have recently announced the closure of select stores in New York.
- Fashion Giant ASOS £300 Million Sales Slump to Continue Once a major rival of online fashion retailing, ASOS is currently grappling with a significant sales slump.
- eBay Unveils Canal Street Wear in NYC for Authentic Streetwear eBay, the global commerce leader, has announced the opening of “Canal Street Wear,” a unique retail store in New York City.
- TikTok Shop to Authenticate Pre-Owned Luxury Handbags Real Authentication, a leading authority in luxury goods authentication, has joined hands with TikTok Shop in the United States.
- Rebag and ThredUP announce partnership Rebag has announced a multifaceted partnership with thredUP, one of the largest online resale platforms, marking a significant step towards a more sustainable future for fashion.
- Temu lawsuit accuses fake websites of trademark infringement Chinese e-commerce giant, Temu, has recently taken a significant step in this ongoing struggle in it’s efforts to prevent imposters, “cybersquatters,” and other individuals unlawfully doing business on its behalf in the U.S.
- Fashionphile acquires LXRandCo to expand into B2B wholesale FASHIONPHILE, a leading e-commerce platform specializing in pre-owned, ultra-luxury accessories, has announced its acquisition of LXRandCo, Inc.
- Peter Nygard Guilty on Multiple Sexual Assault Charges Peter Nygard, once a towering figure in the Canadian apparel industry, has been found guilty of four counts of sexual assault.
- Alice McCall is back with SHEIN collaboration The beloved Australian fashion label Alice McCall has made a dramatic comeback, partnering with the global fast-fashion powerhouse SHEIN.
