Mike Ashley, the founder and majority owner of sportswear retailer Sports Direct , said he had been "stabbed in the back" by shareholders, warning that future engagement with them would be "extremely challenging".
Walmart’s Jet.com said on Thursday it will sell Nike Inc products and offer more delivery options, beginning in New York City, in a bid to sharpen its aim for affluent consumers and better compete with e-commerce rivals.
The VF-owned youth brand announced on Wednesday that it plans to reach $5 billion in revenue by fiscal 2023, a $2 billion increase that Vans is hoping to drive with strong growth in its direct-to-consumer business.
On the eve of its semi-annual results, the company celebrated the reopening of its Milanese flagship. FashionNetwork.com analyses the event that reveals the intricacies within the omnichannel retail giant.
Superdry had big news Wednesday with a new fashion fashion initiative to reach the Asos generation and a big new hire, the company having lured Tommy Hilfiger's former global head of womenswear to its brand.
Mike Ashley, the billionaire founder and majority owner of Sports Direct, faces a potential shareholder revolt at the company's annual meeting on Wednesday, though he will not be present to hear any protests.