Deloitte’s Global Powers of Retailing ranking 2018 shows that US retail giants are losing their grip on the international market, while e-commerce, European fast fashion and sportswear brands are all gaining ground.
As anticipated, Kering announced its plan to cut its majority stake in Puma to focus on its luxury houses instead. Puma's CEO also said the brand would not be picking up Kering's Volcom brand under the transition.
Boohoo continued its impressive run in the last months of 2017 with its main brand, as well as PrettyLittleThing and Nasty Gal, all powering ahead globally. Can surging growth continue? The company thinks it can.
Ted Baker enjoyed a “good retail performance” over the tough Christmas trading period with the company saying on Wednesday that the eight weeks to January saw retail sales rising 9%, or 10.5% at constant exchange rates.
Fat Face’s decision to shun the traditional pre-Christmas discounting practices paid off for the British casualwear retailer, as sales increased by 12% and 8% on a like-for-like basis in the 5 weeks to 6 January 2018.
The 16ft tall and 8ft wide automated tower dispenses parcels in less than 60 seconds, making it faster for customers to pick up their online purchases from Asda and third party partners like Asos and Missguided.
Australian surfwear seller Billabong International Ltd agreed to a buyout from its top shareholder and major lender Oaktree through its Boardriders unit Friday, in a deal valuing the company at about A$197.7m ($155m).