All International articles – Page 26
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NewsTrue partners with Apparel Brands Limited for global growth
Investment and innovation company True has confirmed its “strategic investment” in British clothing wholesale business Apparel Brands Limited (ABL) in a bid to “accelerate growth” within the wider branded apparel market.
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NewsGetir to cut 10% of global workforce to increase efficiency
Turkish ultra-fast delivery firm Getir will be cutting around 10% of its workforce as it plans to “restructure the global organisation to significantly increase operational efficiency”.
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GalleryLululemon opens newly renovated store in Hong Kong
Global athleisure brand Lululemon has opened the doors to a newly renovated store in Hong Kong at the city’s IFC mall.
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NewsH&M confirms plans to ‘phase out’ operations in Myanmar
Fashion giant H&M has confirmed plans to “phase out” its operations in Myanmar following reports of labour abuse in its garment factories.
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NewsWalmart raises profit outlook as US consumers focus on value
US retail giant Walmart raised its profit outlook on Thursday, as stubbornly high prices and customer flight to value saw it grab market share in grocery and general merchandise.
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NewsWalmart international boss Judith McKenna steps down
Walmart’s international president and chief executive Judith McKenna is retiring from her role after more than two decades with the US retail giant.
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Opinion‘Deflation is coming – retailers must be alive to the risks’
Inflation has been making headlines for more than a year but retailers now need to be alert to the risks of deflation, warns True’s Matt Truman
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NewsPandora ups sales guidance amid strong growth
Jewellery specialist Pandora has updated its full-year revenue guidance after driving robust growth in the second quarter of the year.
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NewsTourist tax causes London retail to lose out
Shops in London are struggling to lure tourists to stores following the government’s introduction of VAT on overseas spending.
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NewsWatches of Switzerland sales dip
Watches of Switzerland has reported a fall in total sales but said performance remains “in line with our guidance and expectations” in the first quarter ending July 2023.
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NewsAllSaints posts record results as product focus pays off
Fashion retailer AllSaints has reported its best-ever annual sales and profits.
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Innovation of the WeekInnovation of the Week: Walmart launches zero-waste carbon-capture pilot
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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NewsKmart appoints new brand CEO as it eyes European expansion
Australian retailer Kmart Group is setting its sights on expanding its product development brand Anko into Europe by appointing the first CEO for Anko Global.
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NewsAmazon profits climb as cost cutting pays off
Amazon has reported an increase in profits for the second quarter of the year and increased its guidance for the next quarter as cost-cutting measures paid off.
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NewsHugo Boss raises outlook as sales surge
Fashion retailer Hugo Boss has posted a “strong growth trajectory” and has raised its full-year outlook for 2023 as it recorded double-digit growth “across all brands, regions and channels” in its second quarter.
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Innovation of the WeekInnovation of the Week: Patagonia launches 24-hour online repair portal
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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NewsCard Factory opens first store in Middle East
Card Factory has opened its first store in the Middle East as part of a long-term franchise agreement with Liwa Trading Enterprises.
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NewsMoncler hails business ‘milestone’ as sales boom
Luxury fashion retailer Moncler Group has called its first-half performance a “significant milestone” as revenues across the business boomed and exceeded €1bn (£857.7m) for the first time.
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NewsHarrods unveils plans for first private members’ club in Shanghai
Luxury department store Harrods has unveiled plans to open its first-ever private members’ club in Shanghai, China, by the end of the year.
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NewsBurberry sales jump as core categories perform strongly
Luxury brand Burberry has reported a jump in sales, as core categories for the brand such as outerwear and leather goods performed well.