The youth-focused American fashion retailer has announced that it is beginning a corporate restructure in order to bring its organization in line with its go-forward strategy and drive long-term profitable growth.

​Big e-commerce firms should not offer steep discounts, must disclose discounting policies and ensure they do not drive brick-and-mortar rivals out of business, India’s antitrust chief said.

John Lewis Partnership has been having a turbulent time of it lately, its previous status as an almost-unstoppable retail powerhouse having been seriously damaged by a string of poor sales and profits results. 

As Beales fights for survival, its CEO Tony Brown has slammed local councils for their unhelpful attitudes and heavy business rate bills.

As part of the deal, New Guards Group now owns Opening Ceremony‘s trademark and intellectual property. 

The fashion group announced solid growth in its direct-to-consumer sales during the holiday period on Monday and updated its full-year guidance to take into account the newly acquired Rebecca Taylor and Parker brands.

The teen-focused American fashion retailer announced on Monday that, having achieved record revenues in 2019’s Black Friday week, it is confirming its previously reported financial outlook for the fourth quarter.

The Canton, Massachusetts-based big and tall menswear retailer reported slight increases in sales over the holiday period on Monday, as growth in its wholesale business was undermined by declining store traffic.

Lululemon Athletica Inc raised its quarterly sales and profit outlook on Monday, as its efforts to ramp up its online presence and broaden its range helped drive sales during the all-important holiday period.

Perfumery retailer The Fragrance Shop said its Christmas trading was positive, boosted by its omnichannel positioning in a market that was tough. But its annual profits dropped due to the market’s discount frenzy.

India's antitrust body has ordered an investigation into alleged competition law violations by Amazon.com Inc and Walmart's Flipkart, it said in an order on Monday.

Walmart Inc , the world's largest retailer, has fired around 50 of its India executives as part of its restructuring in the country, three sources with direct knowledge said.

Venerable department stores chain Beales has warned that it could be forced to file for administration if it doesn’t clinch a sale in the next few days, putting 1,000 jobs at its 22 stores at risk.

Pitti witnessed a major change of gears at Canali, one of the great family-owned Italian tailoring marques, which split its offer into three distinct brand groups.

New Guards Group, the Italian owner of Off-White and Heron Preston, acquired by luxury e-commerce giant Farfetch in 2019, has purchased Ambush, adding the Tokyo-based label to the company's already impressive portfolio.