H&M has released its full year reports for 2017, and although only having three stores in New Zealand, has seen a rise in profit for its Kiwi locations.
While Hallenstein Glasson has enjoyed a strong recovery at the last annual report, its ‘high-end fashion’ brand Storm has consistently been a weak performer compared to Glassons and Hallenstein Brothers. Now, it’s been purchased by chief executive Deborah Caldwell.
Iconic New Zealand childrenswear company Pumpkin Patch was purchased in mid-2017 by Australian ecommerce retailer Catch Group after a messy collapse. The brand was relaunched as a pureplay in December. We chatted with Catch Group co-founder Gabby Leibovich about its performance so far.
Photo site Pinterest has expanded to offer more opportunity for buyers on the platform. Shopping Ads is a program by the site which launched in order to connect browsers with the sites who can supply the product.
A new website called Catch of the Day will target Kiwi bargain-hunters with thousands of products across dozens of retail categories. The suite of sites run by owner Catch Group in Australia sell an item every 2.8 seconds, and ship over 10,000 orders per day.
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Adidas Group has released its full year reports for the financial year. As well as seeing positive results, the group is also making plans to increase its sustainability measures.