The chairman of a prominent, but unnamed, retailer has said that the coming Christmas season could be the worst in more than a decade, which means it could be the worst since the crisis of 2008 that saw low spending.
Superdry has confirmed Julian Dunkerton in the CEO role that he has held since he mounted a successful comeback earlier this year. On Monday the company said that his contract as CEO has been extended.
Zalando has announced the appointment of Barbara Daliri-Freyduni as Senior Vice President, Demand, while Ralf Herbrich is set to join the German retailer as SVP Data Science and Machine Learning in 2020.
With Christmas coming up, retailers need serious funding to get through the period and Debenhams has landed a £50m deal with some of its current lenders on largely the same terms as the £200m it negotiated in the spring.
Barely a day goes by at the moment when we don’t news about resale and Thursday was no different. H&M said that it has increased its investment in ‘re-commerce’ platform Sellpy and is now its majority owner.
Russian internet company Mail.Ru said on Wednesday it had agreed a joint venture with Alipay, the mobile payments arm of Alibaba Group, along with the Russian Direct Investment Fund (RDIF) and two other Russian partners.
Following the inaugural edition of the Fashion Trust Arabia Prize this year, the organization has revealed its program for 2020, announcing the addition of an advisory board and a new award for young talent.