Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs.
Target Corp's quarterly profit halved and it warned on Wednesday of a bigger margin hit this year due to rising fuel and freight costs, in a clear sign there would be no immediate relief from surging inflation.
Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
LA shopping district The Row DTLA has witnessed the opening of the Le Vin shop, the men's counterpart of Korean brand Lvir. Owned and designed by Benji Huang, Le Vin puts a pure and modern spin on men’s basics.
Streetwear brand Hera has appointed its debut global ambassador — rapper J Fado — as part of its “new journey to create and foster relationships with ambassadors who represent the diverse cultural make-up of the UK”.