Calvin Klein and Tommy Hilfiger are sending a clear signal that Amazon is the future of fashion, and it’s terrible news for department stores

Calvin Klein and Tommy Hilfiger are sending a clear signal that Amazon is the future of fashion, and it’s terrible news for department stores

One of the biggest fashion retailers in the US is going all-in on Amazon, and it’s telling of where fashion is headed. According to a recent report from Nomura, Amazon now offers a bigger selection of Calvin Klein and Tommy Hilfiger clothing than Macy’s and JCPenney do. These brands, both owned by PVH Corp, have historically had a strong presence in department stores. However, Nomura data shows that they are shifting away from this channel in search of greener pastures. While department stores have struggled in recent years, Amazon has…

Read More

169 stores to continue under McDonald’s brand: Vikram Bakshi

169 stores to continue under McDonald’s brand: Vikram Bakshi

Vikram Bakshi, the estranged partner of McDonald’s, on Thursday said the 169 outlets he runs in north and east India will continue to operate under the US brand. McDonald’s, which had last month terminated franchise pact that essentially meant the 169 outlets cannot use its trademark, said it would enforce its legal right to refrain Bakshi from using its intellectual property. The National Company Law Appellate Tribunal (NCLAT) today refused any interim relief to Bakshi, who had sought a stay on franchise termination by the US-based fast food chain major….

Read More

Lack of Stores With Fresh Foods Linked to Signs of Early Heart Disease

Lack of Stores With Fresh Foods Linked to Signs of Early Heart Disease

Living in poor neighborhoods has been linked to increased heart risk, and a new U.S. study suggests the lack of access to fresh, healthy foods may be to blame. “Previous studies have found relationships between neighborhood characteristics and cardiovascular disease,” said lead author Jeffrey Wing of Grand Valley State University in Grand Rapids, Michigan. “Finding that the density of healthy food stores was the only factor among those tested that consistently was related to slowing the progression of coronary calcium build-up was interesting in that we didn’t see the same…

Read More

Mi Stores in India: Xiaomi Seeks Exemption From Local Sourcing Norms

Mi Stores in India: Xiaomi Seeks Exemption From Local Sourcing Norms

Chinese mobile device maker Xiaomi has sought complete exemption from the mandatory 30 percent local sourcing norms for opening single brand retail stores in India. “The company has sought permission from the Department of Industrial Policy and Promotion (DIPP)for opening single brand retail trading (SBRT) in India. They also want exemption from the mandatory local sourcing norms,” sources said. When contacted about the matter, the company said: “We have filed an application for SBRT but would be unable to share more details as it is still at a nascent stage.”…

Read More