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News Archives

UK’s M&S seeks to turbocharge online sales with guest clothes brands

The UK's clothing sector has been hammered by COVID-19 lockdowns, forcing retailers to rely on online channels.

Lenard’s founder takes back control of chicken franchise, reimagines business model

The brand, which encompasses over 200 stores across Australia, will now allow new or current franchisees to join into a ...

Adidas expects strong rebound, takes Reebok hit

German sportswear maker Adidas AG predicted a strong rebound in sales in 2021, particularly in China, the rest of Asia a...

Klarna funding round makes it Europe’s most valuable startup at US$31bn

Swedish payments firm Klarna has nearly tripled its valuation in less than six months.

Gucci owner Kering invests in resale platform Vestiaire Collective

The purchase is part of a 178 million euro financing round which valued Vestiaire Collective at more than $1 billion.

BWS marks Mardi Gras with drag queen deliveries

The liquor chain has partnered with Sydney show-stopper Miss Prada Clutch.

Swarovski “reborn” in new brand identity

The concept, Swarovski Wonderlab, is described as a ‘joyful universe that invites you to ignite your dreams”.

Retail Food Group profit plummets 71 per cent as CBD cafes struggle

RFG's Peter George said trading conditions across the business had been impacted throughout the half, and had produced m...
Two people wearing parkas

Uniqlo dethrones Zara as most valuable fashion business

Fast Retailing reached a market value of $130 billion last week, eclipsing the Spanish firm for the first time.

Indian retailer group calls for ban on Amazon in country after Reuters report

The group called on Commerce Minister Piyush Goyal to take immediate note of this "important and burning issue and order...

Reuters probe exposes Amazon’s secret strategy to dupe Indian regulators

Damning investigation uncovers secret strategy to dodge e-commerce laws.

Sales at Kering’s Gucci luxury brand fall on Covid-19 hit

Sales at Kering’s star Gucci fashion brand fell more than expected in the fourth quarter as the Covid-19 pandemic kept c...

McDonald’s revamps worldwide packaging designs

The packaging designs include the cool blue waves on the Filet-O-Fish clamshell to the golden melting cheese on the Quar...

Clubhouse app blocked in China, added to ‘Great Firewall’, say users

The move ends a brief window that allowed thousands of mainland users to join in discussions often censored in China.

Tumi chooses Asia to launch first experiential virtual store

Tumi believes its virtual store adds another dimension to its evolving approach to omnichannel retail, as the brand trie...