EU Parliament Approves New Business Supply Chain Audit Law
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.
This week, everyone will be talking about Black Friday and Cyber Monday, PVH Corp.'s financial results and hunt for another brand to buy, and a new exhibition of vintage fashion at The Metropolitan Museum of Art. Get your BoF Professional Cheat Sheet here.
This week, everyone will be talking about Black Friday and Cyber Monday, PVH Corp.'s financial results and hunt for another brand to buy, and a new exhibition of vintage fashion at The Metropolitan Museum of Art. Get your BoF Professional Cheat Sheet here.
Online retailers including Asos are banking on a surge in Black Friday sales, as 87 percent of consumers plan to spend more than they did last year.
Revenue of $7.9 billion made it the largest online shopping day of all time in the US.
Despite record spending on Cyber Monday, rising interest rates and an escalating trade war mean US retailers are still facing squeezed profit margins.
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Holiday sales this year are set to reach a record $701 billion, led by e-commerce and consumer electronics.
End-of-season sales offer an opportunity for retailers to offload inventory and drive traffic. But there’s a fine line between discounting and desperation.
Cyber Monday is expected to drive $6.6 billion in internet sales this year as the biggest US online shopping day on record.
E-commerce sales were up by 6 percent, while the number of shoppers in stores was down by 3.6 percent.
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Surging online sales and a shift away from store shopping have thinned the crowds typically seen at stores on Thanksgiving evening and Black Friday.
Brands don’t want you to wait until after Thanksgiving to start buying. They want you to spend now. In fact, they may be counting on it.
"Retailers should know that there are alternatives to engaging in price-to-price combat."
The data compiled by Adobe Digital Insights, easily surpassed prior estimates, and dismissed fears that strong web sales during the Thanksgiving weekend would hurt sales on Cyber Monday.
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.
Amazon “significantly restricted consumers’ freedom of choice” by automatically pre-setting a ‘Subscribe and Save’ option, the regulators said.
The closure is part of the company's plan to raise $850 million to $1 billion and help improve its credit metrics, said chief executive officer Alejandro González.
The return of China’s travellers has long been awaited in the travel industry, which is expected to surpass pre-pandemic levels this year by contributing $11.1 trillion to the global economy.
The intimate wellness brand completed its first institutional raise after seeing 700 percent revenue growth and is launching in Target.
The public company reported strong sales, as demand for its dermatological skincare and injectable products surged.
The European Parliament approved rules on Tuesday to ban in the EU the sale, import and export of goods made using forced labour.
Global investors have cut holdings of Hindustan Unilever Ltd. to a four-year low as the company grapples with weak consumer demand and rising competition.