Shares of Nordstrom Inc and Gap Inc slumped more than 20% on Wednesday as warnings of product shortages during the crucial holiday season raised fears that the retailers were losing out to better-prepared competitors.
Passing through Italy, the LVMH group’s managing director gave details about the group’s sourcing strategy and mentioned various projects, from Pucci’s relaunch to the plan to build a Louis Vuitton factory in Tuscany.
Fashion’s love of the late Alber Elbaz never seems to fade. Paris's Palais Galliera on Thursday announced that next spring it will stage an exhibition themed on the final tribute show presented in his honor.
Alessandro Michele is set to receive the Trailblazer Award at the TikTok sponsored Fashion Awards 2021 on 29 November at London’s Royal Albert Hall. The Gucci creative director becomes the award's third recipient.
One way around the problems of product supply issues is to build your own logistics centres. That’s exactly what British Land is doing, planning to turn empty spaces across the UK into urban distribution sites.
Stuart Rose has been appointed chairman of UK supermarket giant Asda as of next month. The UK retail veteran, who stepped down as chair of Ocado earlier this year, will lead the board’s search for a new chief executive.