Business

Zalando to reduce global brand portfolio

The Berlin-based retailer Zalando is planning to reduce its global assortment, it confirmed to FashionUnited, following various media reports. To increase the relevance of its assortment, the online retailer is currently reviewing its brand portfolio. In the past two years, the product selection on the Zalando Fashion Store increased rapidly:...

Mar 29, 2023

Management

Tony Spring to take over as Macy's Inc. CEO, Jeff Gennette to retire in February

Macy’s, Inc. has announced that the company’s chairman and chief executive officer Jeff Gennette, 61 plans to retire in February 2024 after serving the company for 40 years. “Serving Macy’s, Inc. over the past 40 years has been a privilege. I’m proud of the exceptional work of our colleagues to strengthen Macy’s, Inc. by successfully executing...

Mar 29, 2023

Fashion

Does the fashion industry still need trend forecasters?

For years trend forecasters held an unrivaled position in the fashion industry. Brands from the luxury heritage labels to global mass market giants looked to them for direction on the road ahead. Trend consultancy agencies such as Peclers Paris or Trend Union produced lavish tomes of seasonal inspiration, each page containing beautiful...

Mar 29, 2023

Management

Next snaps up Cath Kidston for 8.5 million pounds

British high street giant Next is once again bolstering its portfolio, this time by announcing plans to acquire fashion and lifestyle brand Cath Kidston. Next said in a brief statement Tuesday: “The company announces that it has agreed to acquire the brand name, domain names and intellectual property of CK Acquisitions Ltd from the...

Mar 29, 2023

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