REI Appoints Abigail Jacobs as Chief Marketing Officer Amidst Struggles and Expansion Plans
REI, the outdoor retail giant, has appointed Abigail Jacobs as their new chief marketing officer after a series of...
profitability
The Evolution of DTC: From Dominance to Hybrid Strategies
In a dramatic shift, the once-celebrated direct-to-consumer (DTC) model faces significant challenges as brands like Casper, Allbirds, and Peloton...
Retail Giants Make Moves: Asos Sells Topshop, N Brown Returns Profitability, Uniqlo Grows, Waitrose Partners with Just Eat
Asos has sold Topshop and Topman to Heartland, a joint venture led by Bestseller, for £135m, retaining design and...
Weird Fish Boosts Profitability and Expansion Plans
Weird Fish, a British lifestyle brand, has seen its EBITDA soar 80% to £2.6m due to increased investment in...
eBay Veteran Murray Lambell Joins Gousto as CCO Amid Profitable Year
In a recent development, Gousto has appointed eBay veteran Murray Lambell as its new Chief Customer Officer, aiming to...
Grove Collaborative Secures $15M Investment, Focuses on Profitability with Volition Capital
Grove Collaborative receives a $15 million private investment from growth equity firm Volition Capital to pay off its outstanding...
Mytheresa Reports Strong FY Sales Growth and Profitability
Mytheresa, a luxury multi-brand digital platform, reports a 9.8% increase in net sales to €840.9m for the year ending...
Asos Introduces £3.95 Fee for High Returners from October 8th
Online fashion giant Asos is introducing a £3.95 fee for customers with high return rates from October 8th, unless...
Funko Reports First Sales Growth and Profit in Nearly Two Years
In a recent earnings call, Funko CEO Cynthia Williams announced the company's first profitable quarter since 2022, driven by...
Deliveroo Bounces Back to Profitability Amid Growing Consumer Demand and Retail Partnerships
Delivery service Deliveroo has made a remarkable comeback, turning a profit of £1.3 million in the first half of...