Victoria Beckham may not have been in a position to make a profit but she is beginning to shrink her losses. Her eponymous label has seen a decrease in turnover and reduced her losses for …
FINANCE
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Klarna publishes research on UK personal finance habits
Klarna, a global retail bank, has published new research about the personal financial habits of UK consumers. The report reveals the anxiety that consumers feel about credit card borrowing. Customers who use buy-now-pay later plans …
To drive greener properties, landlords and retailers come together
The pioneering agreement was reached by the retail industry to reduce carbon emissions from retailer properties. “The Retailer/Landlord Net Zero Buying Protocol” outlines the principles that must be followed for Net Zero retail sites. This …
Amazon plans to create new jobs in Austin
Amazon announced plans to create over 2000 tech and corporate jobs in Austin, Texas over the next few year, expanding its Austin Tech Hub. These roles will be used to support the growth of teams …
Selfridges, the iconic retailer, was sold to a joint venture in Thailand and Austria
Selfridges, the iconic department store, was sold by the Canadian billionaire family to a joint venture in Thailand and Austria. The British store chain was sold by the Weston family to Central Group in Thailand …
Selfridges may close a four-billion pound deal with the Thailand Central Group
Selfridges luxury department store is close to concluding a four-billion pound deal with Thailand’s Central Group. An official announcement is expected to be made in the next few days. According to The Times, word has …
Boohoo warns about delivery disruptions and higher costs
Fashion retailer reports that pretax profits fell despite a 20% increase in sales. However, shoppers are returning more products. Boohoo has warned of slowing sales growth, a squeeze in profit margins due to disruption to …
Chanel raises handbag prices in the lead-up to the Holiday Season
According to Reuters, Chanel has raised the prices of its iconic handbags again in the lead-up to Christmas. The famous 2.55 quilted bag now costs 7,800 euros, compared to 6,050 last Dec. The Small Classic …
Bottega Veneta It Bags: Should they be your latest investment purchase?
A bag that is expensive can be a way to commemorate a life event. Most likely, you are buying a bag to commemorate a significant achievement such as a promotion or job. It should be …
California becomes the first state to require hourly wage for garment workers
The new bill SB62 provides more protections for garment workers, including hourly wages. In a step forward in the fight for workers’ rights, California has become the first state in the US to require hourly …