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Tag: ops

Foot Locker returns to sales growth; plans to relocate HQ to Florida, shutter ops in several international markets in 2025

August 29, 2024 No Comments Business , , , , , , , , , , ,

Foot Locker announced on Wednesday a return to sales growth in the second quarter, up 1.9% to $1.9 billion, with the U.S. firm revealing plans to relocate its headquarters and shutter operations in several markets. Foot Locker- Facebook The New York City-headquartered specialty footwear retailer said ​comparable sales increased by 2.6%, led by global Foot Locker and Kids [...]read moreFoot Locker returns to sales growth; plans to relocate HQ to Florida, shutter ops in several international markets in 2025

DVF brings ops in-house again as new CEO de Boni re-sets the business

August 25, 2024 No Comments Business , , , , , , ,

DVF founder Diane von Furstenberg and its CEO Graziano de Boni said on Friday that they’re “excited to announce that by the end of 2024 the operations of the 52-year-old brand will be managed in-house again”. DVF Glamel, its Chinese distributor has managed the global business of DVF since the end of 2020 and will [...]read moreDVF brings ops in-house again as new CEO de Boni re-sets the business

Frasers Group adds to Hugo Boss investment, is still likely to win UK ops of Ted Baker

May 31, 2024 No Comments Business , , , , , , , , ,

Frasers Group has increased its stake in Hugo Boss again with the UK business releasing a brief statement on Friday to that effect. Hugo Blue It said it now holds 1,740,161 shares of common stock, representing 2.47% of Hugo Boss’s total share capital. And it has 9,797,500 shares of common stock via the sale of ‘put [...]read moreFrasers Group adds to Hugo Boss investment, is still likely to win UK ops of Ted Baker

My Wardrobe HQ merges with Cercle to scale luxury fashion rental and resale ops

May 9, 2024 No Comments Business , , , , , , , ,

My Wardrobe HQ has merged with fellow luxury fashion rental and resale platform Cercle. Financial details of the deal weren’t revealed. The “strategic move” sees “MWHQ expand its global presence and enhance its luxury offering” while allowing the now-joint business to combine “expertise, resources, and networks” while “redefining luxury fashion rental and resale on a [...]read moreMy Wardrobe HQ merges with Cercle to scale luxury fashion rental and resale ops

Watches of Switzerland Group to buy Roberto Coin’s US ops

May 9, 2024 No Comments Business , , , , , ,

Italian jewellers are clearly in fashion. Just a day after Richemont announced it’s buying Vhernier, UK-based Watches of Switzerland Group had its own big news — it’s buying Roberto Coin Inc (the American arm of the Italian brand) for $130 million. Roberto Coin It said it’s a “significant milestone in the group’s luxury branded jewellery [...]read moreWatches of Switzerland Group to buy Roberto Coin’s US ops

Sainsbury’s clothing ops underperformed last year

April 25, 2024 No Comments Business , , , ,

Supermarkets giant Sainsbury’s delivered its annual results on Thursday and while it has slightly scaled back its enthusiastic dive into the fashion sector, the category remains important to it, although sales fell during the year. Sainsbury’s Group total sales rose 3.4% to £36.337 billion with retail sales up 6.8% at £30.615 billion. But pre-tax profit [...]read moreSainsbury’s clothing ops underperformed last year

Now Ted Baker’s US partner is said to be eyeing UK and Europe ops

April 11, 2024 No Comments Business , , , , ,

Shortly after news that Next and Frasers Group may be interested in Ted Baker’s UK and Europe retail assets, it has emerged that the brand’s US partner could also be looking at them. Ted Baker OSL has operated Ted Baker’s American business since last year and a Sky news report said it’s the “frontrunner to [...]read moreNow Ted Baker’s US partner is said to be eyeing UK and Europe ops

2024 Ops Hari Raya Aidilfitri – 42 buses barred from operating; 6 drivers banned for prohibited substances

April 9, 2024 No Comments Auto , , , , , , , , , ,

The implementation of 2024 Ops Hari Raya Aidilfitri has seen a total of 42 buses issued Vehicle Use Prohibition Notices (PG1) for violating technical regulations, Bernama has reported. The total of 42 buses were filtered out from the 3,799 buses which were inspected at 54 bus depots and 28 bus terminals, said JPJ senior enforcement [...]read more2024 Ops Hari Raya Aidilfitri – 42 buses barred from operating; 6 drivers banned for prohibited substances

Guess annual sales lift despite downturn in U.S. ops

March 21, 2024 No Comments Business , , , , , ,

Guess Inc. announced on Wednesday said revenues grew 9% to $891.1 million for the fourth quarter, with the U.S. fashion firm clocking a single-digit uptick in sales for the full-year. Guess The Los Angeles-based firm said Europe revenues increased 9% in U.S. dollars, while Asis revenues surged 18% for the quarter ending February 3. In the U.S., [...]read moreGuess annual sales lift despite downturn in U.S. ops

M&S’s Clothing & Home ops to embrace AI in a three-year digital transformation

January 16, 2024 No Comments Beauty , , , , , , ,

As M&S “reshapes for sustainable growth and value creation”, the UK retail giant has chosen software platform provider o9 Solutions to provide AI-powered support to transform end-to-end planning for its Clothing & Home ops. M&S The AI-powered platform, called Digital Brain, will replace and modernise M&S’s existing systems across merchandise planning, sales stock & intake, [...]read moreM&S’s Clothing & Home ops to embrace AI in a three-year digital transformation