Benetton cuts losses, makes progress on sustainability goals
The company gave no figures, but did talk a lot about its sustainability advances. It said that it has in the last year implemented a series of…
Read moreAustralian retailers brace for worst Christmas since 2013
Just 62% of retailers expected to grow sales in the holiday gift-giving season that runs through December, down from 80% a year earlier and the weakest result…
Read moreCoats posts 5% sales growth in first quarter
The company said sales for the period 1 January to 30 April grew 5% at constant exchange rates, while reported sales growth was 8% due to the…
Read moreBoden accused of kidswear sexism
The label’s catalogue remains core to the business despite the brand making most of its sales online.The row erupted on Saturday when Sam Williams, a Twitter user,…
Read moreGarment exporter Bangladesh faces $6 billion hit as world retailers cancel orders
The two groups, which represent the vast majority the readymade garment and knitwear manufacturers in the country, said cancellations were increasing daily amid coronavirus-driven lockdowns globally, and…
Read moreCalifornia retail workers vote for union at second REI store
Full-time and part-time employees at the outdoor retailer secured a majority in a mail-in ballot election by voting 56 to 38 in support of joining United Food…
Read moreItaly’s Confindustria Moda asks retail landlords to accept suspension of rent payments
“The concern is that the date for the [stores’] re-opening will be further pushed back and that, as a result, the companies we represent will not start…
Read moreMultinationals risk heftier tax hit in biggest overhaul for decades
Big internet firms have pushed tax rules to the limit as they can book profit and park assets like trademarks and patents in low tax countries like…
Read moreAmazon’s surveillance can boost output and possibly limits unions
The Washington-based research and advocacy group, focused on antitrust and monopoly power of technology companies, said Amazon uses such tools as navigation software, item scanners, wristbands, thermal…
Read moreRalph Lauren to cut jobs, boost its online focus
The New York-based fashion house, which has 530 stores globally, said the changes would see it move more business online.The company did not say how many or…
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