New York –Czech shoe stores chain Bata is bidding strongly on Colombia’s growth with a 5 million dollars investment. The funding will be dedicated to boosting its presence in the country over the next year. Justo Fuentes, president of the Czech footwear company in Latin America explained in a recent […]

Destination Maternity Corporation, for the fourth quarter ended February 2, 2019 reported net loss of 6.4 million dollars or 46 cents per diluted share compared to 10.2 million dollars or 73 cents per diluted share, for the fourth quarter of fiscal 2017. Net loss for fiscal 2018 was 14.3 million dollars […]

Sales at Skechers USA Inc., grew 2.1 percent or 5.2 percent at constant currency to 1.276 billion dollars for the first quarter, which the company said was a result of a 9.3 percent increase in its international business, partially offset by a 6.3 percent decrease in the domestic business. Comparable […]

New York - Yucaipa Companies, Zac Posen’s longtime financial backers, is said to be considering divestment from House of Z, the designer’s company. Yucaipa Company has owned a stake in House of Z for over 15 years. As reported by ‘WWD’, the president of Yucaipa, Frank Quintero, confirmed that he remains […]

The Mueller report, the 22 month long investigation by special counsel Robert Mueller regarding corruption by Trump's campaign, was released on Thursday. In it, fashion investor and influencer Miroslava Duma was named. The news was reported by Garage Magazine. Page 78 of the report referenced Duma saying […]

Pinterest priced its shares at 19 US dollars for its initial public offering, valuing the image-sharing platform at 12.7 billion US dollars. The shares begin trading this Thursday on the New York Stock Exchange under the ticker symbol PINS. Goldman Sachs and J.P. Morgan Chase are leading the offering. […]

Facebook Inc is working to develop a voice assistant to compete with Amazon’s Alexa, Apple’s Siri and Alphabet Inc’s Google Assistant, Reuters reports. “We are working to develop voice and AI assistant technologies that may work across our family of AR/VR products including Portal, Oculus and future […]

Amazon plans to close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals such as Alibaba and JD.com, a report said on Thursday. The US e-commerce pioneer will maintain other operations in China such as Amazon Web Services […]

The resale market is projected to reach 51 billion dollars in the next five years, according to a recent report from ThredUp, and fashion retailers are diving into this growing market. Last week, the H&M Group announced an e-commerce trial of secondhand sales for its & Other Stories brand, and now Neiman […]

WWD has reported that luxury Italian multi-brand store Stefaniamode has rebranded as Modes SpA as part of its re-branding strategy as the retailer works on expanding both online and offline. “In order to take on the global challenges of today’s luxury market, we wanted to ensure the company is eloquently […]

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