Frasers urges to appoint its owner to run Boohoo
Frasers is urging Boohoo to appoint Mike Ashley as a director and CEO and name Mike Lennon, a restructuring specialist, as a board director.
Birkenstock starts direct sales in South Korea
On Oct. 23, Birkenstock launched a country-specific e-commerce website for South Korea as part of its strategy to bolster its presence in Asia.
Boohoo’s CEO steps down
Boohoo’s CEO, John Lyttle, is stepping down after five years with the British fast fashion online retailer. He will continue to work with the leadership team and the board over the coming months while a successor is found and to ensure a smooth transition, the company said.
German fashion sales seen subdued over the next four years
The German fashion market has been on a path to recovery since 2022, but growth remains hampered by inflation, changing consumer behaviors and the rise of ultra-fast fashion. Annual growth is set to remain below 2 percent over the next four years, according to a report by IFH KÖLN in ...
US online sales seen up over 8% during the holiday season
During the holiday season, running from Nov. 1 to Dec. 31, online sales in the US are expected to rise by 8.4 percent year-on-year to $240.8 billion, according to an estimate released by Adobe.
Online shopping remains popular in Germany
Online shopping remains popular among German consumers, with nearly 30 percent of purchases made online, a figure which has not changed since the height of the Covid-19 pandemic in 2020, a survey from Postbank showed.