Retail

24-year-old opens retail store: Seize the opportunity when big players stumble

Jannis Thein has taken the plunge and opened his own retail store in Würzburg, Germany, in March. Until now, the young entrepreneur has worked for Nuremberg-based luxury retailer Emerson Renaldi, most recently as senior operations manager. Now he has swapped employment for self-employment. Under the name 'Neverlnd', he has opened a retail space...

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Business

Zegna's Q1 revenues improve, while Thom Browne declines

Ermenegildo Zegna Group announced unaudited revenues of 463.2 million euros for the first quarter, up 8.1 percent or 10.7 percent at constant currency and down 5.3 percent on an organic growth basis. Revenues for the Zegna segment amounted to 324.9 million euros, up 1.7 percent and 4.3 percent on an organic growth basis, while revenues for the...

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Business

Kering forecasts sharp decline in H1 operating profit

Kering Group’s first quarter revenue of 4.5 billion euros, declined 11 percent as reported and 10 percent on a comparable basis. The company said in a statement that revenue from the directly operated retail network fell 11 percent on a comparable basis, as a result of lower store traffic. Revenue in the wholesale and other segments was also...

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Business |Interview

Eleven years after Rana Plaza, where is the fashion industry in terms of transparency?

Eleven years ago today, on 24th April 2013, the Rana Plaza building in Savar, Bangladesh collapsed, killing more than 1,100 garment workers and injuring more than 2,500, many of them severely. All of those deaths and injuries could have been prevented had the five garment factories housed in the building evacuated on time like the other...

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