Business

Quiz CEO and founder resigns as sales continues to drop amid strategic review

The chief executive officer of fast fashion retailer Quiz has resigned from the helm position following a yearly drop in sales amid an ongoing strategic review. While stepping down from the leadership role, Tarak Ramzan, who also founded the British company and is its largest shareholder, will instead be resuming a non-executive director role,...

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Culture

Loewe opens the first exhibition in its 178-year history in Shanghai

Under the name 'Crafted World', the first public exhibition of the Spanish fashion house Loewe has opened its doors in the Chinese city of Shanghai. The exhibition will be on display until 5 May 2024 and from there will travel to different parts of the world to offer an interactive, immersive and complete journey through the company's 178-year...

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Business

JD Sports Q4 LFL sales improve, outlook remains 'challenging'

JD Sports annual sales were 10.5 billion pounds, up 3.6 percent on the previous year, including a negative 6.2 percent impact from disposals and a 1.4 percent benefit from the 53rd week. The company said in a statement that PBT for the year to January 2024 is expected to be in line with the revised guidance range of 915 million pounds to 935...

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Business

Lands’ End Q4 and FY23 revenues decline

Lands’ End reported fourth quarter net revenue decreased 2.8 percent to 514.9 million dollars compared to the fourth quarter of fiscal 2022. For the fiscal year 2023, the company’s net revenue decreased 5.3 percent to 1.47 million dollars. Commenting on the results, Andrew McLean, the company’s CEO, stated: “We pursued our solutions-based...

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