Amazon loses bid to toss consumer antitrust lawsuit Amazon Reuters The ruling by U.S. District Judge Richard Jones in Seattle on Friday came in a prospective antitrust class action that has estimated damages of between $55 billion to $172 billion. The…
Walmart sees lower 2023 performance in time of economic uncertainty By Reuters Walmart struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned that tight spending by…
Indian lender initiates bankruptcy process against Future’s fashion unit By Reuters API A lead lender to India’s Future Lifestyle has dragged the fashion retailer to bankruptcy, the company told the stock exchange on Monday, adding that it was seeking legal…
H&M to cut 1,500 jobs to reduce costs Swedish group H&M Reuters H&M, the world’s No. 2 fashion company with about 155,000 employees, launched a plan in September to save SEK 2 billion a year. “The cost-cutting and efficiency improvement…
Adidas launches probe into misconduct allegations against Kanye West By Reuters API AdidasKanye West Reuters Adidas said it initiated the probe after receiving an anonymous letter making several allegations against the musician, who now goes by Ye. The investigation follows…
Tillys launches capsule collection with Recover Tillys has teamed up with materials science company Recover to introduce a sustainable capsule collection, under its denim brand RSQ. Tillys launches capsule collection with Recover. – Tillys In line with Tillys’ commitment to…
Skechers opens flagship store in Madrid’s Gran Vía Translated by Roberta HERRERA The American footwear company Skechers New Skechers store on Gran Vía in Madrid – Skechers “Skechers has always achieved an excellent growth rate in the Spanish market. In…
Roseanna, in receivership, is looking for buyers Translated by Cassidy STEPHENS Thanks to its founder Anne-Fleur Broudehoux’s sharp stylistic bias, Roseanna is one of the Parisian brands that has revived the premium women’s ready-to-wear market since its creation in 2007.…
Alibaba injects extra $912 million into Lazada Translated by Nicola Mira AlibabaLazada Lazada Lazada was created in 2012 under the aegis of German web incubator/investor Rocket Internet, as a version of Zalando Alibaba intends to consolidate its position in South-East…
Paul Smith and Marchon Eyewear extend their partnership Marchon EyewearLacosteConversePaul Smith Paul Smith sunglassesDR – DR The company was previously responsible for the distribution of Paul Smith sunglasses and eyewear in North America but Marchon will now oversee the distribution,…
