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Stitch Fix CEO departs, cuts workforce by 20%

Stitch Fix CEO departs, cuts workforce by 20% Stitch Fix Elizabeth Spaulding – Courtesy The San Francisco-based company said Spaulding will be replaced in interim by founder and former chief executive officer, Katrina Lake, until her successor is appointed. “Stitch Fix…

Caleres prelim 2022 sales beat guidance

Caleres prelim 2022 sales beat guidance ​Caleres Famous Footwear The St. Louis-based footwear company also reported prelim earnings per diluted share of $4.86 to $4.92, with adjusted earnings per diluted share between $4.50 and $4.52, beating previous expectations for adjusted…

Amazon secures $8 billion loan

Amazon secures $8 billion loan By Reuters API  Amazon Reuters The term loan will mature in 364 days with an option to extend for an additional 364 days and the proceeds would be used for general corporate purposes, Amazon said.…

ASOS signs fashion industry duo as non-execs

ASOS signs fashion industry duo as non-execs ASOS has further strengthened its board with the appointments of industry heavyweights Natasja Laheij and Jose Manuel Martinéz Gutiérrez as Independent Non-Executive Directors. Both Asos Laheij, a former chief financial officer of Amazon…