NYT reports Amazon plans to lay off 10,000 people starting this week By Reuters Amazon Reuters The job cuts will focus on the e-commerce giant’s devices unit, which houses voice-assistant Alexa, as well as its retail division and human resources,…
Lycra Company collaborates with Qore to make Lycra more eco The Lycra Lycra/Qore The deal will “enable the world’s first large-scale commercial production of bio-derived spandex using Qira, the next generation 1,4-butanediol (BDO), as one of its main ingredients”. It…
Scotch & Soda opens flagships in London, Copenhagen Scotch & Soda has continued its major store opening programme and in recent weeks has opened two new spaces in London and one in Copenhagen. Scotch & Soda Of the London stores,…
Kontoor Brands sales hit by U.S inventory snags, Covid lockdowns in China U.S denim group Kontoor Brands Inc. announced on Thursday revenues for its recently ended third quarter decreased by single-digits, hit by U.S. retailer inventory rebalancing efforts in the quarter…
UK retailer Next lifts outlook on strong clothing demand By Reuters API Retailer Next Next With food retailers warning that shoppers were starting to cut their spending as inflation heads for double digits, analysts and investors have turned cautious on…
Authentic Brands completes Ted Baker buy Authentic BrandsTed Baker Ted Baker The company has been delisted from the London Stock Exchange. Authentic Brands, whose holdings include various apparel, athletics, and entertainment brands, including Forever 21NauticaJuicy CoutureReebokDavid Beckham This includes conversations “with…
Decathlon tests localised sourcing for its Forclaz brand Translated by Nicola Mira Observers of the sportswear and retail distribution sectors are accustomed to sporting goods retailer Decathlon Forclaz Decathlon is currently probing how to reduce its supply chain’s CO2 footprint.…
Macy’s announces latest sustainability initiatives Macy’s announced on Monday its latest sustainability initiatives launched to promote circularity throughout its value chain. Macy’s announces latest sustainability initiatives. – Macy’s In particular, over the past year-and-a-half, the company has introduced several initiatives…
Zara unveils collaboration with Kaia Gerber during Paris Fashion Week Translated by Roberta HERRERA The InditexParis Fashion WeekZaraOriginsKaia GerberCindy Crawford The collection with Kaia Gerber consists of 30 garments – Zara The collaboration represents a new step forward in Zara’s…
Canada December retail sales up 0.5% on autos, seen up 0.7% in January By Reuters Canadian retail sales rose by 0.5% in December from November at C$62.12 billion ($46.19 billion), on higher sales at motor vehicles and parts dealers, as…
