Amazon's planned second headquarters in northern Virginia cleared a key test on Saturday when local officials approved a proposed financial package worth an estimated $51 million amid a small but vocal opposition.
South African retailer Steinhoff said an independent report had found it had overstated profits over several years in a $7.4 billion accounting fraud involving a small group of top executives and outsiders.
The embattled UK retail industry was dealt another blow on Friday after news emerged that Arcadia is considering a restructuring process which could result in significant store closures and job losses.
Zalando has launched a change of approach as it “refines its private labels assortment to pursue a complementary strategy with partner brands.” The result is the end of the private label business within its zLabels op.
H&M isn’t exactly known for sharing lots of information when it release its quarterly sales figures so on Friday its Q1 numbers were frustratingly short on detail, apart from showing that sales are rising.
Having reported over 26 billion euros in annual sales this week, Inditex has a strategic opening for its Zara brand lined up for Friday, when it will unveil a 2,100-square-meter flagship in New York's Hudson Yards.
The classic video game brand has announced a slew of fashion and beauty licenses to celebrate its 35th birthday, with collaborative collections set to launch in the US, Japan and China, as well as worldwide, in 2019.
Sports Direct said on Wednesday it offered Debenhams an interest-free loan in return for a further 5 percent stake, just as the department store was close to securing funds to fend off a bid from Sports Direct's founder.