Fashion/Clothing

Nike Set to Layoff 740 Employees in Oregon Headquarters in Second Phase of Job Cuts

Nike said in February that it will slash 2% of its global staff as part of a restructuring, but did not specify how many cutbacks would be made locally.


Lululemon Announces Closure of Washington Distribution Facility and Reduction of 128 Jobs

Lululemon announced that it will close its Washington distribution facility and lay off 128 workers...

Adidas Bounces Back After Kanye West Fallout, Forecasts $743 Million Profit in 2024

Adidas has rebounded after it severed ties with Kanye West, now projecting profits of €700 million (£598 million) for 2024...

Exploring the Marvels of AI in Fashion with Michael Chen

Michael Chen, the founder of Cape Robbin, says that AI has been transformative in his experience. It can do wonders if applied correctly, something that is reflected in Cape Robbin's diverse and uniqu..


Latest News

Marks and Spencer's Marc Bolland to come under investor pressure if next week's figures disappoint- report
Some investors say that Marc Bolland, the head of retailer Marks and Spencer will come under renewed investor pressure if the Christmas and New Year sales figures next week disappoints, a Financial Ti
Jos. A. Bank tightens poison pill requirements
Retailer Jos. A. Bank Clothiers on Friday amended the ownership threshold of its poison pill to 10% from 20%. The amendment would enable Jos. A. Bank to issue a large number of shares to existing shar
Three dead in Cambodia garment workers strike -report
The Phnom Penh Municipal Police on Friday said that three people were killed and several others wounded after police fired AK-47 rifles to quell a labor protest by striking garment workers in Cambodia
Royal Bank of Canada is top dealmaker on Canadian retail M&A- report
The top dealmaker for Canadian retail mergers and acquisitions for 2013 is the Royal Bank of Canada, data from Bloomberg revealed. RBC has held the top spot for the third straight year.
US shoemaker Crocs' chief to retire as Blackstone picks up $200M stake
The Chief Executive Officer (CEO) of Colorado, US-based plastic clogs maker Crocs Inc is set to retire, and Blackstone Group LP will acquire a $200-million convertible preferred stock in the strugglin
Angel investment in Russia quadrupled this year - study
Angel funding in Russian companies were 4.5 times more than funding from angel investors in 2012, according to a joint study by National Association of Business Angels (NABA), Atom Partners and RVC.
590 venture-backed US companies could be IPO candidates next year - report
Research firm CB Insights revealed in its latest report that IPO activity will most likely be the most active in the technology sector as over 500 companies have healthy trajectories and high valuatio
Target acknowledges data breach extended to encrypted PIN
US retailer Target said that the data breach involving some 40 million of its credit and debit cards included encrypted personal identification numbers, the Financial Times reported.
Cambodian garment workers hold nationwide strike over wage dispute
Workers from over 120 garment factories in Cambodia on Wednesday held a nationwide strike to demand a higher minimum wage. Cambodia's government initially approved an increase in the industry's minimu
No slump on Boxing Day as UK shoppers spent over £2.7B
A holiday shopping season slump failed to materialize in the UK as shoppers flocked to stores on Boxing Day, giving British retailers a boost, The Telegraph reported.
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