Foot Locker has raised its annual forecast on the heels of strong Thanksgiving week sales and continued progress on its growth plan. The company saw strong online and in-store sales and an increase in the total amount shoppers spent and the number of products they bought. …

Fast fashion giant Shein has confidentially filed for an initial public offering (IPO) in the U.S., the latest sign of its ambitions to expand its global reach. The company’s effort to go public comes at a time when the U.S. stock market has seen a series of tepid IPO debuts…

In today’s dynamic world of retail, where macroeconomic challenges and fickle consumer whims are playing the lead roles, can True Religion jeans, once the rock star of premium denim, stage a comeback and dominate the scene again? Founded in 2002 by Jeffrey Lubell, True Religion quickly gained popularity for its…

U.S. consumers spent a record $9.8 billion online on Black Friday, up 7.5% from a year ago, with more price-conscious consumers shopping online for price comparison and to score the best deals, Adobe Analytics’ latest data shows. This year’s Black Friday shopping craze reflects consumers’ appetite to spend more than…

Antoine Arnault, the heir to the LVMH conglomerate, is stepping down as the chief executive of luxury menswear brand Berluti. Chaumet chief executive Jean-Marc Mansvel will now hold the position, whereas Arnault will continue to serve as the chairman of Berluti and Loro Piana. …

Starting next year, Amazon is gearing to roll out the option to purchase a car for the first time in partnership with Hyundai — putting dealerships in the driver’s seat directly on its platform. Earlier, customers could explore car showrooms and compare prices on Amazon, but the option to purchase…

Vestiaire Collective is putting the kibosh on the resale of merchandise produced by fast fashion giants, such as Zara and H&M, on its platform in its latest effort to cut down mass production and tackle texting waste ahead of Black Friday. In addition to Zara and H&M, Vestiaire Collective is…

While retail heavyweights, ranging from Target to Macy’s and Kohl’s, are experiencing a downturn, The TJX Companies, whose portfolio spans well-known brands such as T.J. Maxx, Marshalls, and HomeGoods, is seemingly transcending economic challenges and seasonal trends. The company’s latest earnings report shows that TJX’s focus on bargains and the…

Brazilian cosmetics giant Natura & Co. has agreed to sell The Body Shop to private investor Aurelius Group for $254.32 million, six years after buying it from L’Oreal. The announcement comes less than a year after the company revealed plans to rejigger its business portfolio, starting with the sale of…