Neiman Marcus posted a net loss of $117.1 million in the second quarter and a loss of $140.6 million for first half of its fiscal year. The retailer is reportedly exploring a sale or debt restructuring.
Adidas set a target on Tuesday for sales in North America to rise by almost half by 2020, predicting strong demand will continue for fashion sneakers after its retro Superstar was the top selling shoe there in 2016.
LK Bennett is officially launching its first store in Russia on Thursday (March 16). The debut follows a soft launch last August at the Metropolis mall in Moscow as the UK firm targets faster growth abroad.
Aspinal of London has recruited Lisa Montague, former president and CEO of Loewe, as its new CEO as it eyes growth in the UK and the Middle East following investment from Four Seasons earlier this year.
TechStyle Fashion Group, owner of the Fabletics sportswear line that features celebrity actress Kate Hudson, is exploring a sale that could value it at more than $1.5 billion, including debt, according to sources.