In an unexpected move, Guess is said to have reacquired some of its stake in its previous Russian business from local partner Vyacheslav Skikulov. Guess operates 44 stores in the country and previously served as a distributor for its business. According to Russian news outlet Kommersant, the company bought back…

Perfect Corp. has developed a new virtual hand-sizing technology to help jewelry brands reduce their volume of returns. The new tools allow users to visualize accessories such as rings, bracelets and watches, enabling them to find the most suitable products without having to go through the hassle of ordering and…

Rising expenses and increasing consumer demand are propelling denim brands to focus on enhancing supply chain innovation and sustainability. The market is witnessing a notable increase in the demand for small-batch “craft” denim, which is manufactured in factories specializing in small product runs consisting of 50 to 500 units, emphasizing…

Abercrombie & Fitch saw its shares surge 30% after the brand posted a surprise profit and raised its guidance. “Abercrombie’s offering is resonating meaningfully with our target customer, setting several other sales records this quarter across genders, categories and geographies,” Chief Executive Officer Fran Horowitz said. The company generated $836…

Walgreens Boot Alliance is laying off 10% of its corporate workforce as it looks to put focus on its healthcare division. The layoffs, which are expected to impact some 504 workers, will not affect any workers supporting Walgreens’ store operations, micro-fulfillment centers, or call centers. “As we continue to transform…

Hoka, the athletic footwear brand, is anticipated to achieve the status of a $2 billion brand in the near future, as stated by Deckers CEO and President Dave Powers during an earnings call on Thursday, May 25, 2023. Powers emphasized the potential for Hoka to expand its global awareness further…

Six Flags is set to launch Amazon’s Just Walk Out technology at a handful of chosen venues to lower customer wait times for food and beverage purchases within its theme parks. In the upcoming month, Six Flags plans to initiate a soft launch of Amazon’s Just Walk Out technology at…

Luxury apparel brand Canada Goose is set to expand its physical presence by opening three new permanent stores across the United States in the coming weeks. The parka maker opened its second store in Las Vegas at the Shops at Crystals on May 26, 2023. It will also be opening…

Laneige is going virtual to present its latest collection in collaboration with experiential commerce company Obsess. The brand’s newly launched virtual store allows customers to explore skincare collections on a cloud, underwater, or carousel. …