05 June 2026
05 June 2026
Artificial intelligence, frictionless shopping technologies and retail media networks are emerging as the key forces shaping the future of retail.
Around 90 stores are set to shut by the end of March 2027, with the remainder closing by March 2028.
For the quarter ended 3 May 2026, net revenue reached $2.47bn, while net income declined to $195m from $314.5m in Q1 FY25.
The two companies plan to launch easyShop.com later this year in 21 European markets.
The owner of Calvin Klein and Tommy Hilfiger reported a 2% increase in revenue to $2.03bn for the period.
Investigators found the company had breached withdrawal rights rules by failing to provide customers with the legally required means to cancel orders.
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