Next's profit halves after pandemic shutters stores

LONDON (Reuters) – British fashion retailer Next on Thursday reported a halving in annual pretax profit after COVID-19 lockdowns closed its stores but raised its forecast for a big rebound this year.FILE PHOTO: Shoppers walk past a Next store on…

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HyperX Launches First Apparel Collection

HyperX, the gaming division of memory manufacturer Kingston Technology Co., is introducing its first original apparel collection. Manufactured by longtime partner Champion, the collection named GG, which is short for “good game,” is comprised of a T-shirt, hoodie, hats and…

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The Comeback Continues at Victoria’s Secret

Victoria’s Secret parent company L Brands Inc. is flying high.  Company shares shot up more than 5 percent in after-hours trading Wednesday after the retailer revealed positive fourth-quarter and full-year results, with continued momentum in the Bath & Body Works…

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Target Is Winning the Pandemic Race

Target might have mastered the perfect pandemic formula. It involves selling everything from fashion and food to home goods and essentials by way of brick-and-mortar stores, online shopping, personal shoppers, same-day delivery services, drive-up options and everything in between.  The…

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Target Reveals Holiday Sales, Growing More Than 17 Percent

Target is on a roll.  The big-box retailer revealed holiday sales Wednesday morning, with total comparable sales growing 17.2 percent, year-over-year, for the November-December period, driven by skyrocketing growth in online sales as well as Target’s leveraging of its physical…

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CLO Virtual Fashion, PTC Team to Integrate FlexPLM

CLO Virtual Fashion has partnered with PTC to allow for its PLM plugin, CLO-VIse, to be used with FlexPLM. CLO Virtual Fashion, the 3-D garment simulation technology provider, said the integration facilitates “a more seamless and efficient end-to-end digital workflow…

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