The Charlotte, North Carolina-based womenswear retailer reported a reduced net income of $21.3 million for the first quarter of 2019 on Thursday, with declines registered in both net and same-store sales.
Founded in 1955, the Chalhoub Group, a major distributor of luxury goods in the Middle East, has made some big changes over the last few years through digital development, innovation and strategic partnerships.
Use of Instagram as a direct shopping channel is rising and the opportunity for brands to capitalise on impulse buys is growing too, analysts say, adding that this could boost small fashion retailers as well as large.
Fashion retailers are doing more to respond customer queries via Twitter and Facebook than companies in other sectors, but they are still failing to acknowledge the link between social media responsiveness and trust.
Icon Outlet, the 210,000 sq ft outlet mall that opened at The O2 in Greenwich, London, last year, has just announced a new tenant and it’s an interesting one with fashion retail ‘events’ firm Showcase signing up.
Rihanna has unveiled her new fashion brand with Louis Vuitton owner LVMH, a rare move by the French group to set up a label from scratch as it taps into soaring demand for celebrity collaborations in the luxury world.
Online retailer ISawItFirst has just been announced as sponsor of hit TV show Love Island for 2019, as 2018's sponsors, and brands whose products were seen in the show, saw surging sales as a result of their involvement.
Jason Wu will be celebrating the holiday season this year at Kohl's.The luxury fashion designer has teamed up with the retailer to create an exclusive, limited-edition capsule collection set to launch in November.
The Seattle-based e-commerce giant has announced the launch of a new fashion drop venture. Dubbed “The Drop”, the program will see super limited-edition collections designed by global influencers go live for 30 hours.
Arcadia revealed some details of its long-rumoured CVA plan late Wednesday afternoon with an exit from its US stores and closures in the UK and Ireland that will affect 520 jobs. It will also focus more on digital.