Luxury Sector Faces More Gloom as Bain Cuts Sales Forecast The luxury sector, known for its resilience in the face of economic downturns, is now experiencing a significant blow as consultancy Bain & Co slashes its sales forecast for the year. The renowned consultancy has predicted a global decline in luxury goods sales ranging from […]
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Next Shares Hit Record as UK Customers Splurge Ahead of Summer
Next Shares Hit Record as UK Customers Splurge Ahead of Summer The British fast-fashion giant, Next, is making headlines once again as its shares soar to record highs. The company recently announced a substantial increase in its outlook for the year, now reaching an impressive $1.4 billion. This news comes as UK customers are gearing […]
Cyber incident disrupts services at Marks & Spencer
Cyber Incident Disrupts Services at Marks & Spencer The Easter weekend should have been a time of celebration and increased sales for Marks & Spencer, but instead, it turned into a nightmare when a cyber incident disrupted their services. The retail giant faced challenges as both its click and collect service and payment systems were […]
High-End Department Store Retailer Saks Launches Amazon Storefront
Saks Fifth Avenue Expands Reach with Amazon Storefront Saks Fifth Avenue, the renowned high-end department store retailer, is making waves in the e-commerce world with its recent launch of an Amazon storefront. This strategic move allows the luxury retailer to reach a broader audience and offer its upscale products to online shoppers worldwide. One of […]
TikTok moves into Japanese E-commerce
TikTok Expands Reach into Japanese E-commerce Market As the uncertainty looms over the fate of TikTok in the United States due to the unresolved deal, the popular social media platform is strategically shifting its focus towards international expansion. With a keen eye on diversifying its user base and revenue streams, TikTok has set its sights […]
Puig Posts 8% Rise in First Quarter Sales
Puig’s Fragrance and Fashion Divisions Drive Growth Despite Makeup Business Losses Puig, the renowned Spanish conglomerate, has recently reported an impressive 8% increase in sales during the first quarter of 2025. This growth comes on the heels of a challenging period for the company, marked by losses in its makeup business. However, Puig managed to […]
Zegna Group Revenues Down 1% as Wholesale Struggles and DTC Grows
Zegna Group Revenues Down 1% as Wholesale Struggles and DTC Grows Italian luxury fashion house Zegna Group has recently reported a 1% decrease in revenues, reflecting the challenges faced by the wholesale sector while witnessing growth in Direct-to-Consumer (DTC) channels. This shift in revenue streams signifies a broader trend in the fashion industry as consumer […]
Hacker claims major WooCommerce data breach
Hacker Claims Major WooCommerce Data Breach In the ever-evolving landscape of online commerce, cybersecurity remains a top concern for businesses and consumers alike. Recently, a hacker made headlines by claiming responsibility for a major data breach involving WooCommerce, one of the most popular e-commerce platforms globally. The hacker reportedly accessed and exfiltrated over 4.4 million […]
Forever 21 Proposes to Give Major Lenders Maximum 3% Recovery
Forever 21 Proposes to Give Major Lenders Maximum 3% Recovery Forever 21, the well-known fast-fashion retailer, has been making headlines recently with its bankruptcy proceedings. In a recent court filing on Friday, the company’s bankrupt US arm revealed a bold proposal that has left many major lenders scratching their heads. The proposal suggests that lenders […]