Pressure on UK labour market; demand weakens, staff costs up: S&P GMI

Credits: Walmart. US retailer Walmart is said to be planning to cut 1,500 jobs as part of restructuring efforts intended to simplify operations. Teams in global technology operations, e-commerce fulf

Thomas Voigt Credits: Otto Group Thomas Voigt, long-standing vice president of group corporate communications and public affairs at the Otto Group, is leaving the retail group. Voigt, who has worked

Helena Helmersson Credits: H&M Group. Helen Helmersson, the former chief executive officer for H&M, has joined the board of directors of Swiss sportswear brand On. She has also taken a spot on the No

Henkel and Sasol have partnered to reduce the carbon impact of hot melt adhesives by integrating Sasol’s SASOLWAX LC100 into Henkel’s TECHNOMELT range. The new wax offers a 35 per cent lower carbon footprint without performance loss. This supports Henkel’s 2030 emissions goals and reflects both firms’ commitment to science-based, sustainable solutions.

Megan Molony, CEO, Europa Eyewear Credits: Business Wire Eyewear retailer Europa has announced the appointment of Megan Molony as its new chief executive officer, effective June 16, 2025. Molony will

Pura Vida store Credits: Pura Vida/Facebook Costa Rica-founded Pura Vida, a brand known for its handcrafted jewelry, has announced the appointment of Ryan Heuser as its new chief executive officer. I

Ross Dress for Less Store Credits: Ross Stores, Inc. Ross Stores announced first-quarter earnings per share of 1.47 dollars for the first quarter ended May 3, 2025, slightly up from 1.46 dollars in t

UGG store Credits: Courtesy of Renata Kalkmann Global footwear and apparel retailer Deckers Brands recorded revenue growth driven by its key brands, Hoka and UGG. Net sales for the fiscal year surged

Myer store Credits: Myer Australian department store chain Myer released a preliminary unaudited trading update for the first 16 weeks of the second half of the 2025 financial year, revealing a mixed

New Balance Made in USA 1300JP Credits: New Balance New Balance is preparing to release its Made in USA 1300JP trainer this May, marking the sixth iteration of a product strategy that has become a te

International AntiCounterfeiting Coalition (IACC) president Bob Barchiesi (left) and Temu’s IP Compliance Lead for the US, Christine Casaceli (right), signed the memorandum of understanding Credits

Allbirds store in Hamburg Image: Allbirds US footwear and apparel provider Allbirds Inc. has further advanced the strategic transformation of its international sales. On Thursday, the company introdu

First Armedangels store in Cologne Credits: Armedangels Sustainable fashion brand Armedangels is breaking new ground. On Thursday, the label opened its first own store in its hometown of Cologne, Ger

Cascale chief executive officer Colin Browne at the Cascale Annual Meeting in Munich 2024. Credits: Cascale Colin Browne will step down as chief executive officer of Cascale on July 31, 2025. The org

Cato Fashions retail store Credits: Billy Blume via Dreamstime.com Fashion retailer Cato reported its financial results for the first quarter ended May 3, 2025, reporting a net income of 3.3 million

Credits: Photo: Lidl Retail chains Lidl and Kaufland opened several new stores. In financial year 2024/25, around 300 new locations were added worldwide, as announced by the Schwarz Group, to which t

Aluminum Alloy Zipper with Recycled Tape Credits: YKK YKK Corporation (Headquarters: Chiyoda-ku, Tokyo; President: Koichi Matsushima; hereafter, YKK) will begin using only low-carbon aluminum (*1) as

A Ralph Lauren boutique in Amsterdam. Image: Ralph Lauren. US fashion group Ralph Lauren Corporation exceeded expectations in the financial year 2024/25, thanks to a strong final quarter. On Thursday