News@Nine THURSDAY 30TH MARCH 2017
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Lululemon shares nosedive 17% because its spring leggings are boring

30 March | 12:03 AM | CNN Money | Latest Stock Market News

Lululemon shares fell 17% in after-hours trading Wednesday after the company predicted its sales would drop this quarter. The culprit, according to CEO Laurent Potdevin: Its clothes don't pop online. "We have clearly identified the issues: An assortment lacking depth in color for spring, compounded with visual merchandising that did not powerfully translate our design vision," Laurent said on a conference call for investors.


three dresses on hangers

Poundland takes on Asda with low-cost clothing range

Poundland is to put value fashion into more than 100 stores by the end of the year as it tries to step into the gap on the high street once filled by Woolworths. The chain, which was bought by the South African group Steinhoff International for £610m in September, expects to put Pep&Co clothing outlets in up to 200 of its 850 stores over the longer term. Pep&Co is also also owned by Steinhoff.

Wal Mart logo

Walmart invests billions to buy from women-owned businesses – but is it enough?

Walmart announced Wednesday it has achieved its goal to buy $20bn worth of goods and services from women-owned businesses in the US over five years. The company also conceded that it’s failed to reach another goal set around the same time: to double the amount of products and services sourced from women-owned companies outside of the country.


Matches Fashion hits £200m as its foreign sales soar

Matches Fashion, set up 30 years ago by Ruth and Tom Chapman, has grown into a global brand reaching 170 countries.

My Tube: H&M Spring Fashion 2017
H&M Spring Fashion 2017

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UK retailers call for free trade with EU

Theresa May this week made her long awaited speech about triggering Article 50 to initiate the UK's divorce from Europe. For British fashion brands, retailers and businesses in general, there are enormous consequences to consider as without free trade between European nations many brands may not be able to survive.


Top EU court to weigh in on luxury brands' attempts to ban online sales

Europe's top court will begin a landmark case on Thursday which could determine whether luxury goods companies can stop retailers from selling their products via marketplaces such as Amazon or eBay.

Argos logo

Argos caught out by advertising watchdog

Argos has come under criticism from the Advertising Standards Authority for failing to make sure enough customers could access its PS4 deals. The retailer was offering deals on the PS4 console in autumn last year. However, customers complained that Argos had refused to offer them the deals on the basis that the retailer had sold out.

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