Japan-based apparel manufacturer and retailer Fast Retailing, owner of the Uniqlo brand, achieved record performance during the year ended Aug. 31, generating record revenue and operating profit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Buy now, pay later (BNPL) giant Affirm expects consumers to start their holiday shopping early this year, look for discounts and dial back their spending on gifts for co-workers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Victoria’s Secret will meet with investors and analysts Thursday (Oct. 13) as the lingerie and beauty product company looks to ignite growth after a rocky summer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In the past week, observers of global retail trends have received the latest statistics from Eurostat, which show that retail sales in the EU fell 0.2% in August for a 1.3% year-on-year decline. A more significant decrease was observed in the eurozone, where the figures...
Within hours of posting slump-defying third quarter results that starkly reflected wealthy consumers’ continued insulation from the effects of inflation, French luxury giant LVMH then went on to make a second, head-turning move Tuesday (Oct. 11) when it launched its debut video clip and new...
The ability to bring movie magic to life from theme parks to retail stores worked wonders for The Walt Disney Company, and now Netflix is waving its own wand over its content in a bid to boost the streaming service’s profile, monetize its subscriber base...
Online luxury and fashion retailer YOOX Net-a-Porter (YNAP) has named Alison Loehnis as its interim CEO. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
As part of its ongoing efforts to stop sneaker resellers, Nike has updated its terms of sale to say it could cancel online orders made using automated technology or software. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
If it was anybody other than the CEO of the nation’s largest bank, it would be easier to ignore. But when J.P. Morgan’s Jamie Dimon puts the country on a six-to-ninth-month recession alert, it’s hard not to take note. Get the Full Story Complete the...
