Latest Articles in Business

THG prepares to cut more jobs across business

Beauty and tech group THG is preparing to make a series of additional job cuts across the business as part of an ongoing cost-saving review. A new report by the Financial Times suggested that around 171 jobs are at risk of being cut, bringing the total of its cut workforce to almost a third. Employees across six divisions of the LookFantastic...

Business

Around 50 percent of Luxe Collective stock stolen from warehouse

Co-founder and chief executive officer of pre-loved luxury platform Luxe Collective, Ben Gallagher, has revealed that around 500,000 pounds worth of the company’s stock has been stolen from its warehouse. According to Gallagher, the amount of product stolen makes up about 50 percent of the company’s entire owned stock. It appeared that the...

Business

Jobs at JD Sports’ Derby warehouses thrown into doubt

Employees at JD Sports’ Derby-based distribution centre are believed to be facing potential job losses, with reports suggesting that many are already being consulted about the possibility of redundancies. The future of the company’s Derby Commercial Park warehouse is also said to be under review, according to the BBC, which initially reported...

Business

Aerosoles to expand into homeware via new licensing deal

Footwear brand Aerosoles is preparing to embark on a new journey into the homeware sector as part of a new licensing agreement between the label’s parent company American Exchange Group and both CHD Crest Home and Dream Home. The deal will cover comforters, duvet covers, sheets, bed, and decorative pillows via CHD Crest Home, while Dream Home...

Business

Claire’s agrees to halt sale of feather-based products following PETA pressure

Accessories retailer Claire’s is understood to have agreed to stop buying feathers for its products following heightened pressure from the People for the Ethical Treatment of Animals (PETA). According to an investigation into ostrich feather providers by the animal rights organisation, including a location in South Africa, evidence of animal...

Business

Olympic Games: National Clothing Federation demands financial compensation

On the morning of the opening of the Paris Olympics, the unease of retailers in the city is palpable: barriers in all directions, blocked roads, QR codes to cross the “grey zone” (impossible to obtain in a short time), consumers cancelling their visit at the last minute, and more. It is in this context that the National Clothing Federation (FNH)...

BusinessPartner Content

Exploring VF Corporation internships: Insights from the interns

An internship is the first step on a career path, and it is crucial for students and recent graduates to enter the working environment on the right foot. For VF Corporation, it is particularly important that their interns have the best experience possible. Through this interview series, different aspects of the company will be showcased, with...

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Scotch & Soda parent company breaks silence: CEO on store openings, partners and growth

American group Bluestar Alliance is the owner of Dutch-heritage brand Scotch & Soda. Since its take-over in 2023, however, it has not all been smooth sailing. CEO and co-founder of Bluestar Alliance Joseph Gabbay shares the plans for the brand and the current market. For readers that don’t know Bluestar Alliance yet, can you explain what the...

Business

LuisaViaRoma partners with Bolt to support US e-commerce growth

Online luxury fashion retailer LuisaViaRoma is partnering with checkout technology company Bolt to enhance the checkout experience for its US shoppers. In a statement, LuisaViaRoma said it would leverage Bolt’s shopping network to recognise US shoppers and enable a “seamless one-click checkout,” to support its e-commerce growth in the US. The...

Business

Puig to conquer Asia: heading for 3 new markets

Puig, the Spanish perfume and cosmetics giant, is set to conquer Asia. The recent opening of subsidiaries in India, Japan and South Korea signals the time for an ambitious offensive, which positions Puig as a major player in this region with immense potential. A new chapter for Puig in Asia In 2023, Puig set up shop in South Korea by creating...

BusinessPartner Content

YKK Achieves 56.2% Reduction in Greenhouse Gas Emissions and 100% Renewable Energy Use Across 37 Global Sites

Contributing to a Circular Society by Accelerating Efforts in Climate Change Response, Biodiversity, and Resource Recycling YKK Corporation announces a reduction in its greenhouse gas emissions for FY2023, achieving a 56.2% decrease in Scope 1 and 2 emissions and a 32.7% reduction in Scope 3 emissions, in comparison to the FY2018 baseline...

Business

Inditex set to bring Bershka to India this November

Inditex-owned Bershka is believed to be close to debuting in the Indian market following the success of its sister brands Zara and Massimo Dutti in the region. A source for India Retailing told the industry publication that the brand’s first store is scheduled to open November 1 within the Phoenix Palladium mall in Mumbai. While the media outlet...