Fashion
Lithuanian second-hand clothing and accessory platform Vinted has reached 700,000 members in Belgium and now expands to the Netherlands as well.
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American fashion chain Forever 21 is moving closer to bankruptcy, as final negotiations with potential investors seem to have ended without an agreement.
Uncertainty about the right size keeps many consumers from ordering shoes and clothing online. It also causes a lot of unnecessary returns, so Zalando works on innovative solutions.
In yet another management change at C&A, CFO and COO Tjeerd van der Zee steps down. The former role will be taken up by Ralf Senden.
Zalando tests a second-hand shop for women's fashion items in Berlin, called Zircle. It is the second venture of the German e-tailer into second-hand clothing, following the app Zalando Wardrobe.
Veepee, Belgium's largest flash sale platform, has outperformed the general e-commerce market for years - despite refusing free shipping and returns. This deliberate strategy now seems to work for them, rather than them being punished for it.
Maison Martin Margiela is the next victim in a long line of fashion retailers to admit defeat against a combination of high rents and changing customers. Its Brussels store said turnover fell by 50 % since 2011, making the high rents untenable.
Sports brand Nike has launched a subscription for kids' sneakers in the United States, trying to increase convenience for parents... but it is also an attempt to secure some market share.
Belgian restructuring specialist Stefaan Vansteenkiste is promoted to CEO at Debenhams, in an attempt to save the British department store chain from bankruptcy.
Capri Holdings, the owner of brands like Michael Kors, Versace and Jimmy Choo, has performed better than analysts had expected in the last quarter. However, the required investments cut a great deal out of the profit.
Belgian shoe store chain Schoenen Torfs has seen its profits more than halved, due to the success of its web shop. Turnover went up, but costs soared.
The Benelux plays a key role in the expansion plans of Swedish fashion platform NA-KD. The three-year-old scale-up has a strong focus on influencer marketing and is already supplying in 125 countries.
Hugo Boss has performed slightly below expectations in its second quarter: sales were disappointing, especially in the United States.
Zalando has increased its forecast for the full year 2019 after it had an excellent second quarter, in which turnover went up 20 % to 1.6 billion euros.
Spain could potentially house 250 Zeeman stores. Its 43 outlets are performing remarkably well and new ones are being opened in quick succession.
Preliminary yearly results for Sports Direct indicate that the integration of House of Fraser is weighing heavily on the group. The company may also have to pay 674 million euros to the Belgian tax authorities.
