In a challenging quarter for global retail, PVH Corp., the parent company of iconic brands Tommy Hilfiger and Calvin Klein, has reported a 6 percent decrease in sales compared to the previous year. This downturn highlights the ongoing struggles in the international market, significantly impacting PVH’s revenue in key regions such as Asia Pacific. For […]
Nordstrom Q2 Revenue Rises on Boost From Sales Event, Shares Surge
Nordstrom, the upscale department store chain, has announced a significant boost in its financial performance for the second quarter of 2024, primarily driven by the success of its Anniversary Sale event. This increase comes at a time when consumer spending remains cautious due to ongoing inflationary pressures, showcasing the resilience of luxury retailers amidst economic […]
Next Loses Equal Pay Claim Against Mostly Female Retail Workers
In a landmark decision for workplace equality, British retailer Next Plc has been ordered by an employment tribunal to pay over £30 million in back pay to 3,540 current and former in-store sales workers, predominantly women. This ruling is particularly significant as it marks the first successful equal pay claim against a national retailer in […]