Asos, the British online fashion pioneer valued at more than £7 billion ($8.8 billion) just over two years ago, has been relegated from the FTSE 250 index of mid-sized companies, illustrating the sharp decline in its fortunes.
Macy’s Inc. said earnings will be weaker than previously expected for the full year, underscoring the uncertainty around US consumer spending through the remainder of 2023.
The brand named Stefano Gallici as creative director after Ludovic de Saint Sernin exited the brand over "different visions" with owner Claudio Antonioli.
Parliament voted 366 in favour, with 225 against, though an attempt to strengthen the obligation of company boards and directors to ensure compliance with the new law failed.
“We have merchandise that we sell all year that supports different groups,” Walmart chief merchandising officer Latriece Watkins told reporters Wednesday. “In this particular case, we haven’t changed anything in our assortment.”
Nordstrom Inc beat market estimates for first-quarter sales on Wednesday as demand from wealthy shoppers cushioned a wider, inflation-driven slowdown in spending on clothing and accessories.
Condé Nast will stage the second edition of Vogue World in London this fall. Set to take place on Sept. 14. at London’s Theatre Royal Drury Lane, the event will serve as an unofficial kick-off to London Fashion Week
Michael Kors parent Capri Holdings Ltd on Wednesday cut its annual sales forecast as demand for its handbags and shoes weakens in the United States, sending its shares down nearly 9 percent in early trading.