Shopify shareholders give CEO 40% voting stake Shareholders of Shopify Reuters The company, which in May reported its slowest quarterly revenue growth since going public in 2015, will also carry out a 10-for-one split of the company’s class A and…
Reliance calls off $3.4 billion retail deal with India’s Future Group By Reuters India’s top retailer Reliance on Saturday called off its $3.4 billion deal with Future Group Reliance calls off $3.4 billion retail deal with India’s Future Group –…
Neiman Marcus names Katie Anderson chief financial officer Neiman Marcus Neiman Marcus names Katie Anderson EVP chief financial officer. – Neiman Marcus In this role, as of April 4, 2022, Anderson will drive all financial functions for the company as…
Matalan sales strong in H1 but earnings suffer on costs When Nigel Oddy joins up-for-sale MatalanNew Look Matalan Trading at Matalan has recovered since the height of the pandemic, with the company reporting 13-week Q2 sales of £286.4 million, up…
Marta Ortega to earn a one million euro annual salary as president of Inditex Translated by Roberta HERRERA The Galician fashion group provided details about Marta Ortega’s new role, effective April 1. It will be then when the youngest daughter…
CFDA introduces Innovation Award presented by Amazon Fashion, names Skims inaugural recipient The Council of Fashion Designers of AmericaAmazon Fashion CFDA introduces ‘Innovation Award presented by Amazon Fashion,’ names Skims inaugural recipient – CFDA Presented as part of the 2022…
Havaianas sells 260 million pairs of shoes in 2021 Translated by Nicola Mira In 2021, Brazilian footwear brand Havaianas Flip-flops by Havaianas – Havaianas Outside the Brazilian market, Havaianas’s sales were worth BRL1.24 billion, up by 41.5% over 2020. In…
WhatsApp has until July to comply with EU consumer law, EU says By Reuters API Meta’s WhatsApp The European Consumer Organisation (BEUC) and the European Network of consumer authorities said WhatsApp had not explained the changes in plain and intelligible…
Walmart says some suppliers working with retailer to cut prices Senior Walmart Inc executives said on Friday some suppliers have been responding to the largest U.S. retailer’s efforts to lower prices despite their own struggles with high inflation, material and…
H&M announces raft of global store closures H&M DR However, it will also open 95 new stores, so the net loss of shops overall will be 145. The openings will happen in “growth markets” and with its results, it had…
