Department store chain Kohl’s Corp said on Wednesday it has reached a deal with a group of activist investors to avoid a proxy fight, agreeing to add two of the group’s nominees to its board as independent directors.
Luxury consumers seek out more information than ever online before making a purchase, relying especially on YouTube videos and giving particular importance to brand image, according to a study from Google and Kantar.
The pandemic has forced luxury goods companies to use social media, video and virtual showrooms to woo their wealthy customers in Europe when tourists, especially from China, have been absent for more than a year.
Womenswear brand Hobbs has filed its accounts for the year to the end of March 2020 and said that prior to the impact of the pandemic, the company had been performing in line with its forecast expectations.
The private equity firm has taken a majority stake in the digital-native clean beauty brand, an investment that values the Santa Monica, California-based company at $1 billion and sets it up for accelerated growth.
Surging sales at Louis Vuitton and Dior helped French luxury giant LVMH make a very strong start to 2021, with overall revenues returning to growth in the first quarter despite new coronavirus lockdowns in Europe.
The US sport and sportswear giant has introduced a reconditioned shoes offering. Nike models that are returned as new within 60 days of purchase are reconditioned and then put up for sale at attractive prices.
So many good things to report from online women’s fashion retailer Sosandar Tuesday. For starters, it was a strong year of revenue growth, accelerating every month in Q4, and it saw a “substantial” gain in core earnings.