Saks Fifth Avenue faced a cyber security attack resulting in tens of thousands of customers having their information exposed on an unsecured website. “We take this matter seriously,” said a spokesman for Hudson’s Bay, Saks' parent company. “We want to reassure our customers that no credit, payment or […]

Activist investor Starboard Value LP has sold its stake in Macy's. Starboard had been pressuring Macy's to separate its retail business from its real estate business. The move does give incoming chief executive officer Jeff Gennette more leeway with the company. Starboard's exit comes after Hudson Bay […]

London - PETA US has taken its fight against animal cruelty within the fashion industry to the boardroom. Following the initial public listing of outerwear company Canada Goose on the New York and Toronto Stock Exchange on Thursday morning, the animal welfare group invested 4,000 dollars (3236.8 pounds) […]

Tod's Group SpA has announced that it will cut back on the number of new stores planned for 2017. On Tuesday, March 14, when the group announced their 2016 results, chief financial officer Emilio Maceralli said Tod's now plans to open between nine and 13 new stores in 2017. They also said they will […]

American department store group Neiman Marcus is in a pickle. The company has seen its sales nosedive and savvy shoppers are no longer loyal to the once leader of luxury fashion. The company, based in Dallas, Texas, can only solve its problems with either a huge investment or putting itself up for sale, […]

See-now-buy-now has become a big conversation in the fashion industry as the Fashion Week's keep going. There are those camp of fashion industry insiders who believe that items should be immediately available for sale off the runway, and those that believe in sticking to the traditional season ahead […]

London - Fashion retailers looking to improve their corporate social responsibility (CSR) should take heed of the example set by Marks & Spencer. The British high street retailer has been ranked as one of the leading companies in a new benchmark 'The Corporate Human Rights Benchmark.' Seen as the first […]

American designer Thakoon Panichgul and investor partner Bright Fame Fashion are to put Thakoon's brand operations on hold. The Hong Kong-based investment vehicle acquired the company in 2015, led by Vivian Chou. Chou and Thakoon Panichgul, the label's founder, are taking time to restructure the brand, […]




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