JD Sports has hit the acquisition trail again. Its US company Genesis Holdings has bought 100% of Shoe Palace Corporation and the members' interests in the connected youth-focused Nice Kicks business.
The world’s biggest fashion retailer may have seen a 14% sales fall in the three months to the end of October, but the company was firmly profitable and remains a powerhouse in global retail.
H&M's sales were running only 3% down this autumn until the latest wave of lockdowns forced its stores to close again. But its figures for Q4 and the full year show it's managing fairly well in a tough year.
The New York-based fashion group has announced that it has secured $42.3 million in excess availability under its revolving credit facility and reported that it anticipates a decrease of 34% in its third-quarter sales.
German sportswear maker Adidas AG said on Monday it is considering strategic options, including a potential sale, for Reebok, 15 years after it bought the U.S.-focused brand to take on archrival Nike on its home turf.
Finnish retail giant Stockmann will retain its Lindex fashion chain as it puts its restructuring plan into operation, despite speculation in recent months that it could sell off the business.
In what is claimed to be a first for a major international business, consumer goods giant Unilever is to give shareholders a say in its its climate change action plan.
Much of the attention around the bidding for Arcadia's brands has been focused on big names such as Boohoo, Frasers, and Authentic Brands too. But reports suggest as many as 40 parties have registered their interest.
Frasers Group was reportedly racing to try to do a deal on Debenhams at the weekend, but reports also suggested that US-based Barneys owner Authentic Brands has both Debenhams and Arcadia in its sights.
According to a new report from Comprar Acciones, the value of the global activewear market should reach $353.5 billion in 2020, as the segment remains somewhat resistant to the economic impact of the Covid-19 pandemic.
UK footwear supplier and concessions retailer Lloyd Shoe Company has become the first casualty linked to Arcadia Group’s failure.
Omnichannel lingerie retailer Bravissimo has named a new CEO with Leanne Cahill moving into the role after being the company's managing director for the past two years.
H&M Group has soft-launched an interesting new venture with Singular Society, a first-of-its-kind members brand that gives those who sign up “access to uncompromised life essentials at the price they cost to make”.
French-Italian eyewear group EssilorLuxottica is reconsidering its several-billion-dollar takeover of Dutch distributor Grandvision, sources told Bloomberg.
Fashion retailer French Connection on Friday announced a new funding package to specifically help its US business. And it also said that trading is tough as lockdowns have dented sales, but e-tail is stronger.
