Hudson’s Bay names first Vice President for Diversity and Inclusion
Hudson’s Bay has announced the landmark appointment of its first Diversity and Inclusion executive, effective November 23, according to a report published by WWD.
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Chanel purchases Bond Street store for £310 million
Chanel has reportedly purchased its Bond Street store for £310 million, in a show of confidence fo retail in London.
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Nordstrom launches nationwide recycling program for beauty products
US department store Nordstrom has partnered with TerraCycle to become the first major retailer to offer a nationwide recycling program for all brands of hard-to-recycle beauty packaging.
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Amazon evolves in premium market with launch of Luxury Stores
Amazon has evolved in the premium market with the launch of its new Luxury Stores concept, with Oscar de la Renta unveiling the first store featuring its Pre-Fall and Fall/Winter 2020 collection.
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L Brands sells majority stake of Victoria’s Secrets’ UK business to British retailer Next
L Brands has entered into a joint venture (JV) with British retailer Next, who will a acquire a 51 percent majority stake in Victoria’s Secrets UK and Ireland, which is currently in administration.
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Macy’s reports Q2 loss; bolstered by soaring online sales
Macy’s has reported a narrower Q2 loss than expected, bolstered by a better-than-expected surge in online sales.
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Primark introduces new energy efficient delivery trucks
Budget fashion and beauty retailer Primark has introduced new energy efficient delivery trucks, which are said to help drastically reduce its carbon footprint in the UK.
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Target smashed: Target delivers record gains in Q2
Target has announced its results for the second quarter of fiscal 2020, and let’s just say it’s a bit of an anomaly as 2020 results go. Comparable sales swelled 24.3 percent – the company’s strongest ever quarter – with store comparable sales rising 10.9 percent and digital comparable sales up 195 percent.
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MAC Cosmetics debuts on ASOS US
The Estee Lauder Companies-owned MAC Cosmetics is to be sold via ASOS’ US site, according to a report published by WWD.
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Has Next pipped M&S to Victoria’s Secret prize?
Sky News is reporting that Next has prevailed in the battle to become the UK franchise partner for ailing US lingerie brand Victoria’s Secret.
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