THG rebuffs bid approaches, share price dives Tech-to-beauty online giant THG said on Thursday that it has rebuffed recent takeover approaches as they undervalue the business. THG In a stock exchange statement, the company said: “THG has received indicative proposals…
Walmart says some suppliers working with retailer to cut prices Senior Walmart Inc executives said on Friday some suppliers have been responding to the largest U.S. retailer’s efforts to lower prices despite their own struggles with high inflation, material and…
HanesBrands impacts 1.4 million lives via philanthropic initiatives in 2021 American apparel company HanesBrands Inc. released on Monday its 2021 Sustainability Summary Report outlining progress and plans towards reaching aggressive sustainability goals by 2030. HanesBrands impacts 1.4 million lives via…
Saks names new head of diversity, inclusion Luxury e-commerce platform Saks Saks The New York-based company said Williams will be responsible for furthering Saks’ progress on its DEI commitments across the company while shaping its go-forward strategy. With more than 15…
Facebook-owner Meta to open first physical store in metaverse bet By Reuters API Meta Platforms Inc is set to open its first physical store where shoppers can try out and buy virtual reality headsets and other gadgets as the company…
Skechers upsizes at Springfields Outlet as demand soars US casual and sports footwear giant Skechers Skechers/SpringfieldsOutlet and Leisure Growing from 2,048 sq ft to 4,241 sq ft, Sketchers cited “the need to satisfy ongoing growth in demand” at the outlet…
Facebook to ditch live shopping Facebook announced this month that it is saying goodbye to its live-shopping events. Anne Klein debuts Facebook live shopping event. – Anne Klein As of October 1, 2022, users will no longer be able to…
Hotter owner Unbound names brand partners for new platform, Birkenstock, Geox are on the list Unbound Group on Thursday unveiled the first raft of brands that will be part of the new curated multibrand platform to be launched by the…
Lids opens new Lids University stores Sportswear retailer Lids announced on Monday the launch of Lids University (Lids U), a new retail concept dedicated to collegiate sports product and apparel in the U.S. Lids The Indianapolis-based retailer said the new Lids U stores will bow…
Serena Williams resigns from Poshmark board PoshmarkSerena Serena Williams resigns from Poshmark board. – Facebook: Serena Williams According to the online resale marketplace, Williams voluntarily resigned from the board of directors on Thursday and specified that the “resignation was not…
