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Alibaba names Toby Xu as CFO

Alibaba names Toby Xu as CFO

Alibaba Group Holding said Toby Xu, will succeed Maggie Wu as the company's chief financial officer from April, a move it described as part of the company's leadership succession plan.
Fashion
Macy's reliance on stores for e-commerce weighs on mulled split

Macy's reliance on stores for e-commerce weighs on mulled split

Macy's Inc is grappling with how to make its e-commerce business a standalone company without losing customers who rely on its department stores to pick up or return items they bought online.
Fashion
PayPal says 'buy now, pay later' volumes surged 400% on Black Friday

PayPal says 'buy now, pay later' volumes surged 400% on Black Friday

Volumes on PayPal Inc's 'buy now, pay later' platform were five times higher this Black Friday compared with a year earlier as the payments giant starts to gain traction in the fast-growing credit method.
Fashion
German Covid-19 rules put off shoppers, says retailer group

German Covid-19 rules put off shoppers, says retailer group

The tighter restrictions Germany has introduced to try to limit the spread of Covid-19 are putting people off from shopping in the usually busy run-up to Christmas, the country's association of retailers said on Sunday.
Fashion
Balenciaga planning launch of department dedicated to metaverse

Balenciaga planning launch of department dedicated to metaverse

Following an incursion into gaming last year, the Parisian label has announced plans to take a deep dive into the virtual world with the creation of a dedicated metaverse service. 
Fashion
Istituto Marangoni links with Katie Grand on mentorship projects

Istituto Marangoni links with Katie Grand on mentorship projects

​Istituto Marangoni London has collaborated with fashion publishing expert and creative consultant Katie Grand. She will stage a series of masterclasses and workshops.
Fashion
Scotch & Soda adds compostable packaging in major eco drive

Scotch & Soda adds compostable packaging in major eco drive

Scotch & Soda has announced a partnership with TIPA, a company that creates compostable and biodegradable packaging solutions. 
Fashion
Fashion sales sprint ahead in November says latest BDO retail tracker

Fashion sales sprint ahead in November says latest BDO retail tracker

​November was a ninth consecutive month of retail sales growth in the UK and fashion played a huge part in that, the latest BDO High Street Sales Tracker (HSST) showed on Friday.
Fashion
The RealReal reports 51% GMV increase in November

The RealReal reports 51% GMV increase in November

The luxury resale marketplace announced on Thursday that gross merchandise value on its platform totaled approximately $146 million in November, with growth driven by shopping holidays such as Black Friday.
Fashion
Primark has big plans for Ireland, makes flagship return to Country Carlow site

Primark has big plans for Ireland, makes flagship return to Country Carlow site

​Primark has big plans for its Republic of Ireland operation, earmarking €250 million (£212.7 million) of capital investment there over the next 10 years. 
Fashion
Omicron variant to boost online festive sales says ParcelHero

Omicron variant to boost online festive sales says ParcelHero

​UK consumer concerns over the new Omicron coronavirus variant will mean there will be another £35 billion+ online spend this Christmas, predicts ParcelHero.
Fashion
Mall owner Hammerson expects higher full-year profit as more shoppers step out

Mall owner Hammerson expects higher full-year profit as more shoppers step out

British mall operator Hammerson on Thursday projected higher annual earnings as more people visited its malls in since lockdown restrictions were eased and performance at its luxury outlets was better than expected.
Fashion
Fast Retailing unveils new Lifewear-based eco business strategy, reports Uniqlo sales

Fast Retailing unveils new Lifewear-based eco business strategy, reports Uniqlo sales

​Fast Retailing announced on Thursday that it’s “advancing”  its LifeWear concept and has “formulated Fiscal 2030 Targets and an Action Plan for core aspects of sustainability”.
Fashion
Most Arcadia stores still empty, despite opening boom

Most Arcadia stores still empty, despite opening boom

​We may be seeing something of a mini store opening boom at the moment, but huge numbers of stores belonging to failed businesses remain empty and that can be seen clearly from the large number of vacant Arcadia sites.
Fashion
Thailand's Central denies Selfridges buy after report says it won £4bn race for firm

Thailand's Central denies Selfridges buy after report says it won £4bn race for firm

Thailand’s Central Group has denied it’s in talks to buy Selfridges after it was reported globally that the firm will buy the business, perhaps as soon as this month.
Fashion
Adidas completes second share buyback program of 2021

Adidas completes second share buyback program of 2021

The German sportswear giant announced on Wednesday that it has completed its second share buyback program of the year, repurchasing 1,619,683 shares for a total of 450 million euros.
Fashion