Zappos names Scott Schaefer CEO Zappos Scott Schaefer – Zappos The Las Vegas-based company said Schaefer, who has been acting CEO since December 2021, has been promoted to CEO of Zappos, effective immediately. In his official role as CEO, Schaefer…
Clarks enters the metaverse for first time UK footwear brand Clarks Clarks Built around its key kids’ Cica sneaker, the new Cicaverse initiative will “celebrate one of the brand’s most iconic, unisex childrenswear styles and inspire a whole new generation…
Fashion group Shandong Ruyi’s creditors seek control of Lycra By Reuters Creditors of debt-laden fashion conglomerate Shandong RuyiLycra Lycra A statement from the creditors on Monday said that Ruyi, known for its ambition to become the LVMH The lenders include…
Fendi builds new footwear factory in Italy Translated by Nicola Mira FendiLVMH Fendi’s new footwear factory will extend over more than 7,000 m2 – Fendi The new facility had been heralded last September by Fendi’s CEO Serge Brunschwig who, speaking…
Marimekko joins Adidas for new collab, uses Finnish firm’s logo for first time MarimekkoAdidas Marimekko x Adidas It uses the season’s hero Unikko print — the floral print first introduced in 1964 by Maija Isola — as well as the…
Metaverse, connected stores, traceability: the tech integral to fashion’s transformation By AFP-Relaxnews The pandemic has accelerated the shift to digital in the fashion industry, with the expansion of online shopping, virtual fittings and try-ons, and even social shopping as well…
Peloton draws interest from potential buyers including Amazon; report says Nike also weighing bid By Reuters API Peloton Interactive has drawn interest from potential buyers including e-commerce giant Amazon Peloton Shares of Peloton surged 30% in extended trading on the…
Ted Baker founder supports Sycamore bid – report Ted BakerRay Kelvin Reuters Kelvin owns 11.5% of the shares and The Sunday Tines reported that he believes Sycamore could come up with the investment cash that the company needs to power…
Amazon hikes Prime membership fees in U.S. as wages, costs rise Amazon For the holiday quarter, Amazon earned $14.3 billion, double its net income from a year earlier – Amazon Shares rose as much as 17% in extended trade after…
Designer Brands eyes $4 billion revenue by 2027 Designer Brands Inc. (DBI) announced on Friday new financial targets for the fiscal year 2026, as the U.S. company aims for revenue of $4 billion in the next five years, on the back…
