For the record, baker Ismael De Sousa isn’t a fan of the word “sourdough.” “I think this is the only place in the world where you call sourdough bread this thing,” said the owner of Reunion bakery in Denver. “Sourdough pretty much implies bread is sour and that’s a misconception.” De Sousa prefers to call … Read more
The Mango StartUp Studio accelerator program is innovating and investing again. It’s latest and sixth investment is in Flipflow, a start-up for market analytics, price monitoring and real-time stock inventory. The Spanish fast-fashion brand said on Wednesday that the investment will be through a convertible equity loan. Flipflow was founded in 2021 to offer brands, … Read more
H&M’s CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost sales and profitability. Shares in the Swedish fashion retailer dropped 8% as outgoing CEO Helena Helmersson said she had decided to leave the company after four years in the top job, … Read more
The good vibes are holding. Holiday sales might have just been OK for fashion — with retailers’ gains roughly keeping pace with inflation — but shoppers came into the New Year feeling all right. The Consumer Confidence Index rose to 114.8 this month, up 6.3 percent from December, according to The Conference Board. That’s the … Read more
Hivery has just revealed the release of Curate 1.0, which the company said allows retailers “to harness its AI capabilities for more effective assortments and planograms.” Hivery described Curate 1.0 as an intuitive and user-friendly SaaS platform, and that retailers no longer need to be “dependent on consultants or mysterious black-box services.” Jason Hosking, chief … Read more
The Michelle Gass era at Levi Strauss & Co. is starting with workforce cuts as the former Kohl’s Corp. chief executive officer looks to supercharge the company’s direct-to-consumer evolution. Gass, who’s been president of the company for just over a year, officially takes the helm from outgoing CEO Chip Bergh on Monday. But her impact … Read more
Attal also promised to limit administrative hurdles for farmers by halving (from 4 to 2 months) the delay to launch a legal action against authorizations for farm works such as the expansion of a barn. He also pledged to increase existing financial support to farmers and also to speed up the disbursement of cash under … Read more
South African retail industry is likely to ramp up its investment in automation and artificial intelligence (AI) in 2024 as it looks for new ways to drive innovation and outsmart its competitors. AI MAKING STRIDES IN THE RETAIL MARKET? This aligns with global trends, with research from Honeywell showing that six in 10 retailers worldwide plan … Read more
Towering Gucci advertisements that guard the entrance to Guangzhou K11 offer the first clue to how the “art mall” that opened in the Chinese southern hub over four years ago is being upgraded. Much anticipation surrounds the mall in Guangzhou’s downtown Zhujiang New Town area, a tourist hot spot close to the famous Canton Tower … Read more
Last year, more than 2,000 high street shops closed for good. This year, brands have already announced their planned store closures for 2024. According to the British Retail Consortium, 6,000 retail outlets have closed since 2018. In 2024, small businesses and big brands are still facing the financial effects of the COVID-19 pandemic, the Ukraine-Russia … Read more
