Rent the Runway announced on Monday record sales for the second quarter ending July 31, coinciding with the news it plans to reduce its workforce by nearly a quarter, in bid to cut annual operating expenses.
The Italian label has completely renovated its Parisian flagship store on Avenue Montaigne. The new look of the 785 square meter boutique is defined by rare materials such as marble, ceramic and gilded metal.
Amazon is buying Belgian company Cloostermans, a textile machinery manufacturer that now specializes in mechatronic automation tools. Cloosterman has been supplying the American retail giant since 2019.
The next wave of UK port strikes is on the horizon, adding another layer of concerns for retailers in the run up to the Christmas trading period. Felixstowe is under the threat of a second eight-day strike this month..
Ever-expanding retail group Frasers is on the search for fresh investment with its new chief executive Michael Murray saying he wants to build the business’s previously frayed relations with the City of London.
BoohooMan needs some big names to match its Tall collection and here they don’t come much bigger. Now starring as ambassadors for the just-released collection are American basketball players Shaqir and Shareef O’Neal.