JD has acquired a 15% stake in a South Korean footwear chain in a joint venture with Shoemarker Inc. The British retailer plans to buy an additional 35% of the business at a later date and rebrand it as JD.
Fashion and beauty are going to be big drivers behind the UK’s 35% rise in e-tail sales in the next five years, a new report says. Analysts at GlobalData believe the market will reach a value of £68.8 billion by 2022.
How much is a sponsored Instagram post worth? For designer labels and the biggest influencers it’s almost £100,000, according to a report from Rakuten Marketing, although micro-influencers might get only £3,000.
H&M’s Q3 revenue growth was dampened by a need to offer more discounts, the Swedish fashion retail giant said Friday, although it also added that the cloud had a silver lining as its AW inventory is much cleaner.
U.S. consumer prices accelerated in August amid a jump in the cost of gasoline and rents, signs of firming inflation that could allow further monetary policy tightening from the Federal Reserve this year.
Canadian lifestyle retailer Roots Corp said on Wednesday it filed a preliminary prospectus with the securities regulatory authorities in Canada for a proposed initial public offering of its common shares.
Macy’s Inc will increase by 20 percent the number of workers it hires during the holiday shopping season to staff distribution and warehouses that support its online business, but total holiday hiring will fall.
John Lewis chairman Sir Charlie Mayfield is calling for a “serious debate in Parliament about what kind of Brexit we’re going to have” as UK consumer confidence weakens and the group says H2 will be affected.
Ohio-based DSW is continuing its Middle Eastern expansion and has opened a store in the Kingdom of Saudi Arabia. The new location at the Mall of Dhahran follows DSW's first Middle Eastern opening in Oman this June.