International News

The outlook for the UK accessories market is bleak, with forecast growth of just 2.6 percent out to 2024, according to leading data and analytics company GlobalData. This makes it the worst performing category in the clothing sector. Kate Ormrod,...

Leading fashion retailer Nordstrom announced its latest creative projects initiative, See You Tomorrow, a new re-commerce experience launching on January 31, 2020. Powered by Yerdle, See You Tomorrow offers customers both an online resale site and an in-store shopping...

J.Crew Group, Inc. announced that after a thoughtful and extensive search, the Board of Directors appointed Jan Singer to serve as Chief Executive Officer, effective Feb 2, 2020. Singer, a veteran consumer and retail executive with more than 25...

US fast food giant McDonald's said on Wednesday it closed all of its restaurants in Hubei, the Chinese province at the epicenter of a virus outbreak that has spread beyond the country's borders. The novel coronavirus outbreak traced to...

After serving the company for over 20 years as Chairman of the board, Stefan Persson has decided not to stand for re-election at the AGM on May 7, 2020, paving way for current CEO Karl-Johan Persson to succeed him...

Swedish furniture giant IKEA said Wednesday it had temporarily closed half of its 30 stores in mainland China until further notice amid concerns over the deadly new coronavirus. "In response to the Chinese government''s call for strict and effective disease...

Starbucks Corporation reported financial results for its 13-week fiscal first quarter ended December 29, 2019. Global comparable store sales were up 5 percent, driven by a 3 percent increase in average ticket and a 2 percent increase in comparable transactions....

Tesco is taking the war on plastic to the next level, recently announcing plans to reduce 350 tonnes of plastic per year by getting rid of its plastic-wrapped multi-buy packs of beans, soups, sweetcorn and tuna. As well as...

Gap Inc. announced that the company no longer intends to separate Old Navy into a standalone public company. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” said Robert Fisher, Interim...

In Salem, New Hampshire, a Walmart supercenter is rolling into the future. Alphabot, a first-of-its-kind piece of tech, is now fully operational and working with associates. Its goal? To revolutionize the online grocery pickup and delivery process for associates...

The first H&M store where fashion fans have the opportunity to rent some stunning garments, including bridal dresses has just opened in Stockholm. The H&Ms Sergels Torg store has been closed to customers for some major refurbishment, and new...

Clothing brands and retailers are increasingly beginning to recognise that new 3D technologies not only have the potential to increase speed to market but can also help foster the move to greener garment production, writes GlobalData. Beth Wright, Apparel Correspondent...

Leading luxury group LVMH Moët Hennessy Louis Vuitton (LVMH) that owns brands like Dior and TAG Heuer has entered into a definitive agreement with global luxury jeweller Tiffany to acquire it for US$ 135 per share in cash. The agreement...

Coty Inc. and Kylie Jenner announced that they have entered into a long-term strategic partnership in order to jointly build and further develop Kylie’s existing beauty business into a global powerhouse brand. Together, Coty and Kylie will set and lead...