Stitch Fix Inc. announced on Tuesday sales for the fiscal year 2022 dipped by 1.4% to $2.1 billion, on the back of a double-digit sales plunge in the fourth quarter, hurt by a drop in active customers.
Nordstrom Inc has adopted a "poison pill" to prevent investors from amassing 10% or more of its shares, the company said on Tuesday, just days after a Mexican retailer built a stake in the luxury department store chain.
Mike Ashely, the founder of Sports Direct and latterly The Frasers Group, is to relinquish his directorships in the business. As a departing gesture, he will provide the group with an additional £100m in support funding.
Grocery delivery app Instacart Inc plans to focus on the sale of employees' shares in its U.S. initial public offering and does not intend to raise much capital for the company, the Wall Street Journal reported.
For John Lewis, charity certainly does begin at home. The Partnership has admitted it’s to redirect some of its marketing budget to help pay for food for staff struggling with the cost-of-living crisis.
As he prepares to launch a "Basic Village" in Milan, Lorenzo Boglione, vice-president of BasicNet, owner brands including Kappa and K-Way, talks to FashionNetwork.com about the group's strategy facing the current market.
The UK’s online retail sales were down for the 17th month in a row in August, with a 4.1% year-on-year (YoY) drop, reversing the positive progress seen in July. But at least clothing did well, more of which later.
Unbound Group — best known as the owner of the Hotter footwear brand — released its interim results on Tuesday with strong sales growth as the company continues its transformation into a multibrand retailer.
British fashion brand Boden drove sales and profits higher last year with the company releasing its 2021 results on Tuesday and saying its improvement came as “dresses returned to the top of the bestseller list”.