Target warns of dull 2023 profit as heavy discounts sap margins By Reuters Target Reuters The retailer’s discounting strategy powered its sales and profit in the holiday quarter to exceed market expectations for the first time in a year, lifting…
Lacoste president Thierry Guibert on the brand’s growth and strategy for 2023 Translated by Cassidy STEPHENS LacosteThierry GuibertFashionNetwork.com Thierry Guibert, president of Lacoste – Lacoste FashionNetwork.com: On January 10th you announced the departure of Louise Trotter. Why this change? Thierry…
Walmart, Target results will tell how gloomy holidays could get for retailers By Reuters Walmart and Target results this week are likely to show that major retailers are heading for a turbulent holiday season as rampant inflation has made everything from toothpaste…
Vince names new CFO Vince Vince Stefko will remain with the company in an advisor role to provide guidance and ensure a smooth transition through May 2023. Levy was formerly Vince’s senior vice president, financial planning and analysis and investor…
Nordstrom to open new off-price retail store in California’s Elk Grove By Fibre2Fashion Seattle-based fashion retailer NordstromRackCostcoSephora With the addition of this new store, Nordstrom will have a total of 64 Nordstrom Rack stores, 23 Nordstrom stores, five Nordstrom locals…
Amazon to lay off over 17,000 workers: report By Reuters API Amazon Reuters The e-commerce giant in November began laying off staff in its devices division, with the source telling Reuters at the time the company was targeting 10,000 job…
Adidas launches new products to support women’s fitness Adidas Adidas Its introduction comes about due to “widespread dissatisfaction on workout wear [that] continues to be a challenge among the community”, said the company. It worked on the offer with Associate…
CEO Luc Mory says Naf Naf is planning to open 30 new stores in France this year Translated by Nicola Mira The mid-range womenswear segment in France is going through a turbulent phase, with names like Camaïeu, Kookaï and PimkieNaf…
Symbiose has been placed in judicial liquidation Taken over at the end of 2019 by the French-Turkish group SY, the French women’s ready-to-wear brand Sinéquanone tried to modernise the brand last year by renaming itself Symbiose and rejuvenating its style.…
Nike Basketball launches Ja Morant’s first signature shoe By Fibre2Fashion American sportwear brand Nike Archivo Morant’s signature logo features a stylised ‘JA’ sitting above a chevron, which represents both a directional nod to the verticality, speed, and sharpness of Morant’s…
