Latin America E-tailer Dafiti Seeks New CEO in Reshuffle

MEXICO CITY — Dafiti Group, a subsidiary of Global Fashion Group, is seeking a new chief executive officer following the departure of CEO and cofounder Philipp Povel and the other cofounder, Malte Huffman, for what the e-tailer said are personal

Adyen Growth Soars in North America, Teams Up with Dick’s

Last week, global payments solution provider Adyen released its most recent fiscal half-year results that showed net revenue growth swelling 70 percent in North America. Total net revenue for the company jumped 28 percent year over year to 379.4 million

Italian Luxury Retailers Get Digital Push

The year just ended has been significantly challenging for the fashion retail industry, which had to deal with multiple lockdowns and consequently with piles of unsold merchandise. But in 2020 Italy’s top luxury stores made significant investments that, in the

More UK retailers fight to survive after one of worst years

LONDON (BLOOMBERG) – The number of British retailers fighting for survival has jumped by about a quarter this year. Almost 40,000 companies – selling both online and in stores – are currently in “significant financial distress,” according to a survey

An Oral History of the World’s Biggest Coupon

The F.B.I. found one in the junk drawer at the Santa Monica hide-out of the notorious mobster Whitey Bulger, which goes to show that gangsters are just like everybody else. There’s probably one or two clipped your car’s visor, and

Ssense Enters Beauty, Home, Pets and More With ‘Everything Else’

Ssense is moving beyond fashion with the launch Wednesday of “Everything Else,” an expanded product offering. Available on the Ssense web site, app and in-store by appointment, Everything Else is a gender-neutral product offering of home goods, self-care, technology, activity

Singapore retail sales fall by sharper 10.8% in September

SINGAPORE – Retail sales are still not out of the woods, as takings at the till fell again in September, according to the Department of Statistics (SingStat) on Thursday (Nov 5). Sales fell 10.8 per cent in September compared with

Amazon Q3 Sails Past Expectations, Revenues Jump 37%

If there’s one thing that Amazon’s third-quarter earnings emphasized, it’s that the coronavirus hasn’t hit all retailers the same way. The e-tail giant has been on a tear in 2020, and even for analysts projecting big results in the third

Major Retailers in Britain Say No to Glitter for Christmas

This year, the holiday season in the United Kingdom will be a little less sparkly. Three major retailers — the grocery chains Morrisons and Waitrose and the department store company John Lewis — have announced that they will not use