The luxury resale marketplace announced on Thursday that gross merchandise value on its platform totaled approximately $146 million in November, with growth driven by shopping holidays such as Black Friday.
In a further sign of just how big the Gymshark brand has become in just a short period of time, news emerged on Wednesday that the label is to open its first flagship store in a prime spot on Regent Street next summer.
After its central London launch, Monsoon has opened its second boutique concept store at Bluewater in Kent. The company is “bringing a fresh new store experience to customers as part of the regeneration of retail”.
The American owner of brands including Vans, The North Face and Supreme has appointed Nina Flood to the role of president of its global packs business, which brings together the Eastpak, JanSport and Kipling labels.
Spanish fashion retail giant Inditex said Tuesday Marta Ortega, the daughter of its founder, will take over as chairwoman in April with a new CEO, as a last step of a generational handover started a decade ago.
It’s being billed as an “exciting new era of Thomas Pink”. Although there has been no official announcement, “English shirting from the heart of London for life in the 21st Century” is back as a pureplay digital store.
The sports equipment retailer reported net sales of $2.75 billion in Q3, a figure that represented an increase of 13.9% compared to $2.41 billion in the prior-year period and glided past analysts’ expectations.
The San Francisco-based lifestyle retailer announced a net loss of $152 million, or $0.40 per diluted share, for the third quarter, on Tuesday, as the company struggled with ongoing global supply chain issues.
Nordstrom Inc said labor costs pinched its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday.
The American fashion retailer reported Q3 net sales of $905.2 million on Tuesday, a figure that represented an increase of 10% compared to $819.7 million in the prior-year period, led by a 17% rise in the United States.