In the first quarter of 2019, Zalando reported 14.1 percent increase in active customers to 27.2 million and 29.5 percent rise in site visits to 924 million. The company’s gross merchandise volume (GMV) increased by 23.1 percent to 1.8 billion euros (2.02 billion dollars) and revenues rose by 15.2 percent […]

VF Corporation’s board of directors have finally approved the previously announced separation of denim brands Wrangler and Lee from the company, forming a new business called Kontoor Brands. The separation will be achieved through the distribution of 100 percent of the shares of Kontoor Brands to holders […]

Neiman Marcus Group announced it is considering selling MyTheresa, the German luxury e-commerce it acquired in 2014. “We’ve commenced a process to explore and evaluate strategic alternatives with respect to MyTheresa”, said the company in a US Securities & Exchange filing on Monday. However, nothing […]

British menswear brand Ben Sherman has unveiled that it will be returning to Pitti Uomo as part of a strategic European plan to support what it is calling the brand’s “rapid global expansion”. Over the last three years, Ben Sherman has seen an annual sales growth of 10 percent and the increased focus […]

BAM bamboo clothing, the environmentally sustainable brand founded by former pole vault athlete and explorer David Gordon, has overhauled its advertising targeting strategy, moving beyond re-targeting to drive 700,000 pounds in incremental revenue. The ethical retailer of bamboo clothing has attracted […]

Klarna’s alternative payment methods and checkout services are continuing to resonate strongly with consumers, merchants and partners across its 14 core markets, as Europe’s leading payments provider and a newly-licensed bank reports a 36 percent rise in sales volume in 2018 as well as a 31 percent […]

Full price sales at Next Plc in the thirteen weeks to April 27, were up 4.5 percent on last year. The company said in a statement that this was 1.3 percent ahead of our internal forecast of 3.2 percent for the first quarter due to unusually warm weather over the Easter holiday period, which was particularly […]

European online retailer Showroomprivé has purchased the remaining 40 percent of Beauteprivee’s share capital. The company said, in March 2017, the group had acquired a 60 percent equity stake in Beauteprivee, the French online flash sales player specialized in cosmetics, beauty and well-being products, […]

Chinese e-commerce giant Alibaba has settled a lawsuit over securities fraud with its shareholders. The company will pay 250 million dollars to end the lawsuit, which alleges that Alibaba failed to disclose to its shareholders threats from counterfeiting ahead of its 2014 initial public offering. Investors […]

PVH Corp, the company behind brands Tommy Hilfiger, Calvin Klein, Van Heusen and Speedo, among others, has entered into a licensing agreement with Nike for the design, sourcing, marketing and distribution of Nike-branded men’s underwear. “We are incredibly proud to be working with NIKE, as this is an […]

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