Amazon Prime Day Sales Plunge 41% in First Day of Four-Day Event Amazon Prime Day, the highly anticipated annual event known for its massive sales and deals, kicked off to a surprising start this year. The e-commerce giant saw a significant 41% plunge in sales during the first day of the four-day event, leaving both […]
Gymshark Lays Off 65 US Employees
Gymshark Lays Off 65 US Employees In a recent turn of events, UK-based activewear brand Gymshark has decided to lay off 65 employees at its US offices in Denver. This move comes as part of a restructuring effort aimed at streamlining operations and optimizing efficiency in the competitive retail landscape. The decision, while undoubtedly a […]
Amazon Prime Day Set to Lift US Online Sales to $23.8 Billion, Adobe Estimates
Amazon Prime Day Set to Lift US Online Sales to $23.8 Billion, Adobe Estimates Amazon Prime Day is just around the corner, and the anticipation is building as e-commerce giant Amazon gears up for its annual sales event. According to Adobe Analytics, online sales in the United States from July 8 to 11 are projected […]
Two decades on, WSIS+20 sets course for inclusive digital future
Two Decades On, WSIS+20 Sets Course for Inclusive Digital Future As the world grapples with the promises and perils of a rapidly evolving digital landscape, global leaders convened in Geneva to chart a course that leaves no one behind. The World Summit on the Information Society, also known as WSIS, celebrated its 20th anniversary by […]
Adidas’ Plans for Yeezy: What We Know
Adidas’ Plans for Yeezy: What We Know Adidas, the renowned German sportswear giant, has been making waves in the industry with its collaboration with Kanye West, the Yeezy brand. The partnership between Adidas and Yeezy has been immensely successful, with sneakers flying off the shelves as soon as they are released. However, recent reports suggest […]
Supreme Revenue Declined in Financial Year Ended March 2023
Supreme Revenue Declined in Financial Year Ended March 2023 Supreme, the iconic New York-based streetwear brand, has long been a powerhouse in the fashion industry, known for its exclusive drops, collaborations, and cult following. However, recent financial reports have revealed a decline in revenue for the year ended March 2023. According to VF Corp’s annual […]
Bernard Arnault Grapples With Biggest Slump in LVMH History
Bernard Arnault Grapples With Biggest Slump in LVMH History The luxury industry, known for its resilience and opulence, is currently facing one of its most challenging times in history. At the forefront of this struggle is Bernard Arnault, the chairman and CEO of LVMH (Moët Hennessy Louis Vuitton), the world’s leading luxury goods company. With […]
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem In the world of luxury fashion, few brands command the same level of prestige and influence as Gucci, a powerhouse under the umbrella of the French conglomerate Kering. However, in recent years, Kering’s heavy reliance on Gucci for the majority of its profits has raised […]
LVMH Shares Have Lost Their Lustre
LVMH Shares Have Lost Their Lustre LVMH, the behemoth in the luxury goods sector, is currently facing a challenging period as its stock market valuation languishes at the bottom of its five-year range. Despite this downturn, investors have not been enticed back to the table, raising questions about the future trajectory of the luxury giant. […]
North America’s Oldest Firm Meets Its End. Some Argue Its Fate Was Avoidable
North America’s Oldest Firm Meets Its End. Some Argue Its Fate Was Avoidable In a surprising turn of events, Hudson’s Bay Co. ULC, North America’s oldest company, is facing its end. The company, which had previously announced plans to save six of its 96 stores from liquidation, including its iconic flagship store, has now decided […]