JD Sports and Nike extend rewards partnership to US
JD Sports has become the first global retail partner for Nike’s Connected Membership programme. JD Sports The link-up actually launched in the UK in 2022 but it has now arrived …
luxury
Crisis in Bangladesh boosts shares of Indian textile makers
By Bloomberg Published Aug 6, 2024 Indian textile makers’ shares surged on bets they stand to gain from a political turmoil in Bangladesh that threatens to disrupt supply chains. Archivo …
Hugo Boss sells Russian business to wholesale partner Stockmann
By Reuters Published Aug 5, 2024 Hugo Boss has sold its Russian business to wholesale partner Stockmann for an undisclosed fee, the German fashion house said on 5 August, joining …
Zalando to open tech site in China; no current plans to enter the market
By Reuters Published Aug 6, 2024 Zalando said on 6 August it would open a new tech site in China’s tech-hub Shenzhen, but it was not planning to expand its …
Zalando’s profit boosted by sports offering, improved inventory
By Reuters Published Aug 6, 2024 Online fashion marketplace Zalando reported an 18.5% rise in its operating profit for the second quarter on Tuesday (6 August), helped by improved inventory and …
Chinese shoppers flock to Japan to take advantage of the weak yen
Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the …
Beiersdorf misses profit forecast, says slow China hit luxury brand sales
By Reuters Published Aug 7, 2024 Nivea maker Beiersdorf missed expectations for half-year operating profit on Wednesday, and said the luxury market slowdown in China had hit the sales of …
Puma narrows FY core profit outlook
By Reuters Published Aug 7, 2024 German sportswear maker Puma on Wednesday narrowed its outlook for full-year core profit, sending its shares briefly to 2018 lows, citing higher freight costs, …
Travel to Paris dropped because of the Summer Olympic Games
Was it the Parisians who bluntly told travelers “do not come” to the Summer Games? Or did sky-high prices for hotel rooms, house rentals and event tickets turn travelers away? …
Vans parent VF Corp posts smaller Q1 revenue drop than expected, on better China demand
By Reuters Published Aug 7, 2024 VF Corp reported a smaller-than-expected drop in first-quarter revenue on Tuesday, helped by improvement in its China business as well as leaner inventory levels, …