After a strong acceleration in logistics, Amazon is reportedly backtracking by looking to terminate its leases or sublet 12 of its largest U.S. units in parallel with labor union accusations against the company.
Urban Outfitters announced on Tuesday net sales for the first quarter increased 13%, on the back of double-digit growth in retail comparable sales, with inflation and operational costs weighing down company profits.
Abercrombie & Fitch Co on Tuesday cut its annual forecasts for sales and margins after posting a surprise quarterly loss amid a surge in freight and raw material costs, sending its shares down 30% in premarket trade.
Faster and better than expected. That’s the recovery story from events specialist Hyve Group in its 2022 interim update on Tuesday. The events firm also said future focus will be “on sectors, rather than geographies”.
Club L London has launched in Ireland. The accessible luxury online retailer can now be shopped on clubllondon.ie. The launch comes after the brand saw total Ireland traffic figures increase 90% in Q1 2022 vs Q4 2021.
E-tailer Very Group has long embraced technology and now the owner of the Very and Littlewoods sites has announced plans to transform its Very.co.uk content management system through a new partnership with Amplience.