Articles by DPA
Fashion crisis: more and more popular brands are struggling
The German textile industry is awash with bad news: well-known manufacturers like Gerry Weber, Tom Tailor and Esprit seem to fail to attract enough customers. And that's not just because of the record breakingly hot summer of 2018. A famous name is no longer enough in the fashion world to guarantee a secure future. More and more established...
BusinessDec 13, 2018
Nike Posting Notable Gain After Citi Calls Stock "Best Idea" For 2019
After moving sharply higher early in the session, shares of Nike, Inc. (NKE) have given back some ground but remain firmly positive in afternoon trading on Monday. Nike is currently up by 4.1 percent after reaching its best intraday level in nearly two months. The early rally by Nike came after the athletic footwear and apparel maker was called...
BusinessDec 4, 2018
Amazon Canada To Kick-off Black Friday On November 22
Amazon Canada said that its Black Friday deals store will open on Thursday, November 22 at 6 p.m. ET, offering new and great deals every hour through Black Friday. In lead-up to next Thursday, customers will also find deals in every department starting tomorrow, November 16 until November 22, at 6 p.m. ET. Whether customers are readying their...
RetailNov 15, 2018
Wolford Launches New Market Presence
Starting today, Wolford is present across the globe with a new imagery. Just on time to coincide with the new spring/summer 2019 fashion collection, the brand presents itself in a fresh and sometimes provocative look in line with the campaign motto #truecharacter: It is designed to underscore the claim made by the Wolford brand that women will...
BusinessNov 15, 2018
Sears enters into licensing deals for Kenmore, DieHard brands
Department store chain Sears Holdings Corp. (SHLD) said Thursday that it has signed several licensing agreements that will broaden the assortment and reach of its Kenmore and DieHard brands at U.S. retailers. Terms of the deals were not disclosed. DrinkPod LLC will manufacture Kenmore branded water filtration appliances, while Gibson Overseas,...
BusinessNov 1, 2018
Sears Holdings files for bankruptcy, to close 142 more stores
Sears Holdings Corp. said Monday that the company and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. The company noted that it will also close 142 unprofitable stores near the end of the year. Edward Lampert has...
ManagementFeaturedOct 15, 2018
Estée Lauder Sues Deciem, Seeks To Remove Founder After 'erratic' Behaviour
The Estée Lauder Companies Inc. (EL) filed a lawsuit against popular skin-care company Deciem and its founder after he announced in a video on Instagram that he was temporarily shutting down all of its stores because of what he described as "major criminal activity.", according to the reports. Estée Lauder, which owns a minority stake in...
Fashion Oct 12, 2018
UK competition regulator refers Sainsbury Asda merger for phase 2 investigation
The Competition and Markets Authority (CMA) in the United Kingdom confirmed Wednesday that the proposed merger between J Sainsbury plc and Asda Group Ltd. is being referred for an in-depth Phase 2 investigation. CMA noted that the deal raises sufficient concerns through its Phase 1 investigation for it to be referred for a more in-depth review....
BusinessSep 19, 2018
Walmart's Jet.com redesigns website, launches grocery service
Retail giant Walmart Inc.'s (WMT) e-commerce site Jet.com said Thursday that it has redesigned its website with more merchandise and faster delivery, tailored to cater to the specific needs of consumers in urban areas. In addition, Jet has launched Jet City Grocery, which includes three-hour scheduled grocery delivery, and also announced a...
ReportSep 14, 2018
Sears loss widens, but shares up 23 percent
Struggling retailer Sears Holdings Corp. Thursday reported a loss for the second quarter that widened from a year ago, however, the company reported an improvement in same-store sales. Shares were up 23 percent in after-hours trading. The company reported a second-quarter loss of 508 million dollars or $4.68 per share, wider than last year's...
ReportSep 14, 2018