The casualwear specialist has sold a majority stake in itself to CorpAcq, in a deal that will help it expand as it hopes to reach its ambition of becoming “the best multichannel retailer for the grown-up generation”.
After news that its CEO has been poached by Dr Martens, textiles-to-fashion-to-homewares company Cath Kidston has quickly found a replacement with American Melinda Paraie to join the British company next month.
South African clothing and homeware retailer The Foschini Group (TFG) on Thursday reported a smaller than expected rise in full-year earnings, hurt by higher expenses, sending its shares down as much as 4.8 percent.
Britain’s second largest supermarket group has bowed to pressure from employees and trade unions by changing some of the pay proposals it detailed in March as part of a move to simplify the company’s wage structure.
Apparel retailer Gap Inc reported quarterly same-store sales on Thursday that missed analysts’ estimates as its namesake brand struggled to clear excess inventory in a quarter marred by an unusually long winter.