Meet two start-ups set to fly high thanks to Amazon
![Shippit co-chief executive Rob Hango-Zada says Amazon's arrival will be good for the business.](/content/dam/images/g/v/o/u/f/m/image.related.afrIndexLead.320x210.gvog01.png/1492690914043.jpg)
Incumbent retailers are sweating after news of Amazon's imminent arrival, but these two startups are set to benefit.
Incumbent retailers are sweating after news of Amazon's imminent arrival, but these two startups are set to benefit.
This shareholder wanted out for the same reasons Lew should steer clear. But it has put the heat on Myer's short sellers.
Solomon Lew is notorious for playing his cards close to his chest, and even some of his closest advisers are unaware whether he has takeover aspirations for Myer, Australia's biggest department store network.
The iconic American luxury retailer Neiman Marcus is looking for a buyer as its Christmas period sales fell 6pc and it swung to a loss.
Clothing brands owner Retail Apparel Group will tell potential investors its like for like sales were up 8.8 per cent in the 2016 financial year, while earnings were worth $36 million.
Globe is hoping its 50 per cent stake in US surf and nautical apparel brand Salty Crew will give it extra oomph in a tough US market.
Philip Corne has gone from selling dinner sets at Grace Brothers to being part of the largest consumer focused PE fund in the world.
GPT Group expects some further easing in specialty retail sales following a year in which it had to deal with 16 tenants going into administration.
US shopping is now political as Nordstrom contends with pro- and anti-Trump supporters in its handling of Ivanka's clothing line.
Gary Novis, CEO of the Retail Apparel Group, says growth prospects remain strong for retailers that know their customers.
The latest missive adds to a cloud of confusion swirling around the Trump administration and his family's business interests.
Specialty Fashion Group is in advanced discussions with an offshore suitor, lender sources told Street Talk on Tuesday night.
David Jones, Myer and Westfield are some of the retailers that allow Chinese UnionPay bank and credit cards at their outlets.
In December Oroton warned sales were 8 per cent lower, in the year to date, compared to last year. Now the result is worse.
Italy's Luxottica and France's Essilor have agreed a €46 billion ($65 billion) merger deal to create a global powerhouse in the eyewear industry.
Kiwi bras and knickers company Bendon Group, which counts Heidi Klum and Loveable in its stable, will list in the US.
Handbag makers are battling waning demand and that may have diverted their attention from the key to success: creativity
US department store Sears will close 150 stores and sell its Craftsman tool brand to raise cash after Christmas sales fell 12pc.
The biggest US department store chain is slashing more than 10,000 jobs and closing 100 stores after a poor Christmas.
Billabong International's Tigerlily is believed to have caught the eye of a fashion heavyweight.
David Jones has suffered another departure from its ranks with head buyer for international and Australian designer womenswear leaving.
Gone are the days when last year's bathing suit and an old beach towel was all you needed for a day at the beach.
Kathmandu's chief says the outdoor clothing retailer's first-half profit is on track to be in line with last year.
Fortune favours the bold when it comes to the world of fast fashion.
Tracey Blundy took financial risks from an early age to build a retail career that made her millions.
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