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 […]
Adidas Earnings Bolstered Again by Retro Sneaker Craze
Adidas Earnings Bolstered Again by Retro Sneaker Craze Adidas, the renowned German sportswear giant, has once again showcased its financial prowess by posting a remarkable operating profit of €610 million ($692 million) in the quarter. This outstanding performance not only surpassed market expectations but also underscored the brand’s ability to leverage the enduring popularity of […]
Nike Adds New Strategy Head to Aid Company Turnaround
Nike Names Jennifer Hartley as Chief Strategy Officer to Drive Company Turnaround Nike, the global sportswear giant, has recently made a strategic move by appointing Jennifer Hartley as its new Chief Strategy Officer. With years of experience in strategic planning and business development, Hartley is set to play a pivotal role in steering Nike towards […]
Adyen services disrupted by cyber blitz
Adyen Services Disrupted by Cyber Blitz Adyen, a leading payment service provider, found itself in the eye of the storm recently as it faced a series of Distributed Denial of Service (DDoS) attacks. On a fateful Monday, the company’s payment services were hit by not one, not two, but three successive DDoS attacks, causing severe […]
It’s Not Just Secondhand Retailers That Have a Counterfeit Problem
It’s Not Just Secondhand Retailers That Have a Counterfeit Problem Counterfeit products are not a new phenomenon in the retail industry, but their presence is becoming increasingly prevalent in the world of luxury e-commerce. As more consumers turn to online platforms to purchase high-end goods, the risk of falling victim to counterfeit items has escalated. […]
Shopify Must Face Data Privacy Lawsuit in US
Shopify Must Face Data Privacy Lawsuit in US A recent decision by a US appeals court has set the stage for Shopify, the Canadian e-commerce giant, to face a data privacy class action lawsuit in California. The ruling, which came on Monday, stated that Shopify can indeed be sued in California for allegedly collecting personal […]
Forever 21 Creditors Face Large Losses Under Bankruptcy Plan
Forever 21 Creditors Face Large Losses Under Bankruptcy Plan The fashion industry has been rocked by the news of Forever 21’s bankruptcy filing, leaving creditors in a state of uncertainty and potential financial loss. The fast-fashion giant, once a staple in malls across the country, has proposed a plan that offers meager recoveries on debts […]
Hermès Market Value Surpasses LVMH, Which Once Tried to Buy It
Hermès Surpasses LVMH in Market Value: A Triumph of Luxury and Legacy In a monumental shift within the realm of luxury goods, Hermès International SCA has achieved a remarkable milestone. As of Tuesday, the esteemed French fashion house’s valuation soared to a staggering €243.65 billion ($276.3 billion). This impressive feat briefly surpassed the market capitalization […]
Report: Fighting Perfume Dupes Is a ‘Lost Cause’
Report: The Battle Against Perfume Dupes Faces Uphill Struggle In a recent survey conducted among fragrance consumers in the UK, a startling revelation emerged – half of the participants admitted to purchasing imitation versions of high-end perfumes. These copycats, mimicking the scents of more expensive fragrances, pose a significant challenge for the industry as they […]
ICT policy reform planned to boost digital economy in Bangladesh
ICT Policy Reform: A Strategic Move to Boost Bangladesh’s Digital Economy In a bid to propel Bangladesh’s digital economy to new heights, the government has announced plans to overhaul its Information and Communication Technology (ICT) policies by June. This strategic move comes at a time when the global digital landscape is rapidly evolving, presenting both […]