Fashion
The latest news
Zalando EBIT drops, but firm is upbeat as it adapts to current conditions
After some disappointment in June as it downgraded guidance, on August 4 Zalando had better news. It “expects improved profitability and a return to growth in the second half”.
Fashion
US’s Highstreet and Jonathan Koon transform retail shopping into metaverse
Jonathan Koon, founder of Mostly Heard Rarely Seen 8-Bit, has teamed up with US-based Highstreet, the retail-focused web3 metaverse, to launch an experience linking traditional fashion retail with the metaverse.
Fashion
Hugo Boss sales increased 34% in Q2
Germany-based Hugo Boss on August 3 confirmed earlier preliminary figures, saying currency-adjusted Group sales increased 34 per cent in the second quarter (Q2) of fiscal 2022 (FY22) compared to the prior-year period.
Fashion
Eurozone retail sales drop more than expected in June as prices rise
Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Fashion
Russians flock to H&M as fashion retailer opens stores to sell inventory
A long queue of Russians snaked through a Moscow shopping centre on Tuesday, waiting to get into H&M as the fashion retailer flung open its doors for a final time to sell inventory before making a full exit from Russia.
Fashion
Carter’s pledges to achieve net-zero emissions by 2040
Carter’s, the largest branded marketer in North America of apparel exclusively for babies and young children, said in its annual Corporate Social Responsibility (CSR) Report that it's focused on cutting its eco impact.
Fashion
Polish clothing retailer LPP launches logistics business
Polish apparel company LPP has launched a new business to manage the retailer's logistics network, starting in August, the company said on Tuesday.
Fashion
India’s export orders 20% lower due to recession, brands’ sales down
Global recession is knocking at the doors of Indian textile industry. The impact of recession is clearly visible on new orders received by Indian exporters.
Fashion
Avery Dennison’s Q2 net sales up 11.7%
Avery Dennison Corporation, the US-based labelling and functional materials specialist, has reported that its net sales increased by 11.7 per cent to reach $2.3 billion in the second quarter.
Fashion
Pittards acquires luxury bag label Hill & Friends, Emma Hill to be consultant
Leather materials and leathergoods specialist Pittards has acquired the brand and assets of Hill & Friends Limited, the contemporary luxury bag brand founded by Emma Hill and Georgia Fendley.
Fashion
JD Sports confirms Al-Futtaim's Schultz as CEO
JD Sports Fashion on Tuesday confirmed that Régis Schultz has been appointed as its new CEO “following an extensive executive global search process” and after speculation last week that he would be named to the post.
Fashion
SMCP hits first-half sales record as Europe and America prove buoyant
SMCP unveiled an all-time H1 sales record with its results on the first day of August, driven by “strong momentum in Europe and Americas”, something other premium and luxury firms have also talked of.
Fashion
Estée Lauder is in talks to acquire Tom Ford brand - report
Cosmetics giant Estée Lauder Cos Inc is reportedly in talks to acquire ultra-luxury brand Tom Ford. If it does, it could be a $3 billion deal, the Wall Street Journal said at the start of August, citing sources.
Fashion
Seraphine faces tough year as costs surge
Maternity and nursing wear brand Seraphine's results on Monday came “against the backdrop of an extremely challenging year for the retail sector” and contained a mix of good news and bad.
Fashion
JD Sports ends long-running Footasylum saga, sells to Germany's Aurelius
JD Sports Fashion confirmed on Monday that it has exchanged contracts to sell Footasylum Limited and its associated subsidiaries to private equity firm Aurelius Group for £37.5 million.
Fashion
Ultra-fast fashion charms young despite damaging environment
So-called "ultra-fast fashion" has won legions of young trend-setting fans who snap up relatively cheap clothes online amid surging inflation, but the booming genre masks darker environmental problems.
Fashion