The owner of brands like Ann Taylor, Loft, Lou & Grey and Lane Bryant, has announced the completed wind down of its Dressbarn business, closing over 650 stores and eliminating over $300 million of lease liability.
The shopping networks will be launching over 70 new brands discovered through “The Big Find” before the end of this year. The newcomers will be offering shoppers cosmetics, jewelry and accessories, among other products.
U.S. department store operator Sears has reportedly reached a deal for a fresh financial lifeline totaling roughly $100 million from hedge fund Brigade Capital Management LP, as it tries to stabilize after bankruptcy.
Première Vision Paris and the Fairyland for Fashion shows (with Texworld and Apparel Sourcing) ended up hosting just under half of the Chinese exhibitors expected, and all reported big declines in visitor attendance.
Alphabet Inc-owned Google's $2.1 billion bid for fitness trackers company Fitbit could pose privacy risks, the European Data Protection Board (EDPB) warned on Thursday, adding its voice to other critics of the deal.
With its new CEO and short-term funding in place, Laura Ashley has released a weak set of results with losses increasing and even e-tail sales dropping. But the firm is upbeat and sees international opportunities ahead.