Once upon a time there was no such event as Black Friday. No hideous throngs of rabid consumers fighting over bargains and queueing for discounts. Perhaps that day will come again. According to new data from the Holiday Outlook 2019 by PwC, which analysed the buying habits of over two thousand American […]

The Gap Inc. has announced that its President and Chief Executive Officer Art Peck will step down from his position and from the company’s board after a brief transition. Effective immediately, the company added, Robert J. Fisher, the company’s current non-executive chairman of the board, will also […]

New York – A recent study shows that out of all consumer whose financial position has improved in the last year, Millenials were the most likely generation to increase spending on consumer products. Within the apparel segment, consumers are favouring value brands, those with strong value proposition, […]

ANALYSISNew York – Doubts over Koovs’ future are building up after the Indian ‘Asos wannabe’ has failed to secure the funding they need to keep up with their ambitions. Lord Alli, formerly at Asos’ helm, listed Koovs PLC on London’s junior stock market, AIM. His vision was to replicate the success he […]

In a trading update for the first half year, Superdry Plc said, revenues declined 11.3 percent to 367.8 million pounds (473.2 million dollars), reflecting an expected year of reset, and the need to address a number of legacy issues across the business. The company’s retail sales decline moderated through […]

As announced by the company earlier, baby products retailer Mothercare plc has appointed Zelf Hussain, Toby Banfield, and David Baxendale of PricewaterhouseCoopers LLP as administrators to Mothercare UK and Mothercare Business Services Limited (MBS), with effect from November 5, 2019. Commenting on […]

For the year ended September 14, 2019, Primark, part of the Associated British Foods plc reported 4.2 percent rise in turnover ahead of last year at actual exchange rates and 4.1 percent ahead at constant currency, driven by increased selling space partially offset by a 2 percent decline in like-for-like […]

OPINION New York has lost an iconic retailer. As Barneys caved to bankruptcy, its name will be sold to the likes of Saks, its inventory discounted for swift liquidation, and its stores, including the Madison Avenue flagship as we know it, closed for good. Authentic Brands Group took control of Barneys […]