Stockly, the French digital platform that helps e-tailers pool and share inventory to avoid stock-outs, has announced it raised €12 million in capital to expand its staff and bolster its expansion in Europe.
Nike Inc cautioned on Thursday that gross margins would remain under pressure through the year as the company joined peers in warning of a blow from ramped up discounts and a rapidly strengthening dollar.
Struggling Joules is reportedly exploring options for a company voluntary arrangement (CVA) as it seeks to cut its costs and stave off a collapse following the termination of talks for Next to take a stake in the firm.
Seamm, a start-up digitising fashion goods for virtual worlds, has raised $1.7 million in funding “to scale go-to-market activities, attract and hire top talent, and accelerate the development of its platform”.
Pre-loved luxury designer goods etailer Open For Vintage is set to grow with new backing supporting its bid to take advantage of a booming high-end resale market. It has raised €1.25 million (£1.13 million).
Next is one of the most successful UK fashion retailers, so when it downgrades profit guidance that it only upgraded last month, you know the sector as a whole is facing tough times. And that’s what it did Thursday.
The Spanish label is getting stronger. The proof is that the Kering group is moving the brand into new parisien premises, at 16-18 rue Vaneau, in the 7th arrondissement, covering almost 4,000 square meters, FashionNetwork.com has learned.
VF Corp. announced on Wednesday a new strategy to accelerate revenue growth by a compound annual growth rate of mid- to high-single digits by 2027, as it looks to expand into new categories and markets.
As Labour surges in the UK polls, it’s clearly scenting opportunity in areas the Conservatives haven’t fully addresses and has pledged to abolish business rates and introduce initiatives to ‘save the high street’.
Boohoo’s much anticipated interim results Wednesday showed the company is continuing to sell huge amounts of product and make profits, but it’s not the fast-fashion star it used to be and it issued a profit warning.