Shares in South African retailer Woolworths slid to a six-year low on Thursday after it reported a 3.5 billion rand annual post-tax loss, hurt by a hefty write-down on the value of its David Jones business in Australia.
Europe’s new data privacy law has put a small army of tech firms that track people online in jeopardy and is strengthening the hand of giants such as Google and Facebook in the $200 billion digital advertising industry.
Apparel retailer Gap Inc's namesake brand reported a bigger-than-expected drop in quarterly same-store sales, overshadowing strength in revenue and profit beat and pushing the company's shares down nearly 7 percent.
The Barbadian star’s inclusive lingerie brand has announced that it will be unveiling its Fall collection at New York Fashion Week this September, opting for a see-now-buy-now show at an as yet undisclosed location.
As the lingerie retailer’s sales continue to flounder, parent company L Brands revealed that it will be closing 20 Victoria’s Secret locations this year in a conference call with investors on Thursday.
The losses made by many brands due to House of Fraser’s failure and uncertain future could make some labels think twice about continuing to supply the retailer, a member of Mulberry’s founding family has said.