The New York-based brand management company announced on Thursday that it has entered into a cooperation agreement with Sports Direct, allowing the British retail group to appoint two Directors to Iconix’s Board.
Amazon.com Inc forecast strong fall sales and posted a profit that was double Wall Street targets on Thursday thanks to the retailer’s younger, higher-earning businesses, including cloud computing and advertising.
Chinese online group discounter Pinduoduo Inc priced its U.S. IPO at $19 per American depositary share (ADS), raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to sources.
Struggling mother and baby products retailer Mothercare is reportedly planning a new marketing push as it works to revive its business in the face of a CVA that will see a large number of store closures and job losses.
Swiss lingerie/outdoor group Calida (parent company to brands Lafuma, Aubade, Millet, Eider, Oxbow) has reported a 10.7% rise in sales in H1 2018, driven chiefly by the eponymous lingerie and homewear label.
Bonmarché had mixed news on Thursday as it latest trading update showed that online sales continue to boom but like-for-like sales in stores remain weak. However, the company is upbeat and is seeing signs of progress.