Japan's retail sales rose for a fifth straight month in July, beating expectations as the consumer sector continued its recovery, although a coronavirus resurgence has cast doubts over the spending outlook.
The sportswear retailer announced net sales of $419.3 million for Q2 on Friday, down 5.1% from $441.6 million in the prior-year period, when the company was one of the few not to implement temporary store closures.
Renzo Rosso’s fashion group has recently appointed Marita Spera as chief public affairs and corporate communication officer. The Italian executive, formerly with YNAP, has a wealth of international experience.
UK department stores have become an endangered species. The country has lost 83% of its main department stores since the collapse of the BHS chain in 2016, reflecting how hard the high street has been hit.
In a major move to make shopping easier, a new £100 spending limit for contactless payments in Britain will start on October 15, after the go-ahead was given by the Treasury and the Financial Conduct Authority Friday.
Major global retailers agreed to extend a legal agreement with garment workers and factory owners in Bangladesh that subjects retailers to legal actions if their factories fail to meet labour safety standards.
Danish shoe gaint Ecco has launched a new sneaker concept with the debut of Ecco Athletic Leisure Club. It’s about a mix of performance and comfort and comes with interesting activations to bring the concept to life