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Aeffe sees first-half profits soar compared to 2019

Aeffe sees first-half profits soar compared to 2019

The Italian group achieved revenue of 155 million euros in the first six months of 2021, up 30% year over year, but down 10% compared to 2019, while net earnings tripled in the two years, totaling 17.4 million euros. 
Fashion
Pitti Uomo announces another 3-day edition for January

Pitti Uomo announces another 3-day edition for January

In January, the Florentine event organizer is planning to replicate the format it explored in June, hosting its two flagship trade shows, Pitti Uomo and Pitti Bimbo, simultaneously from January 11 to 13, 2022.
Fashion
Amazon hit with $886 million EU data privacy fine

Amazon hit with $886 million EU data privacy fine

Amazon has been hit with an $886.55 million (746 million euro) European Union fine for processing personal data in violation of the EU's General Data Protection Regulation (GDPR), the e-commerce giant said on Friday.
Fashion
Klarna launches support package for small businesses

Klarna launches support package for small businesses

Global payments and and shopping services provider Klarna has launched a £3 million Small Business Support Package to help British small- and medium-sized enterprises (SMEs) recover from the pandemic.
Fashion
Northern Ireland to pay people to shop in September

Northern Ireland to pay people to shop in September

The latest initiative to get shoppers spending sees adults in Northern Ireland being given shopping vouchers as part of a £145 million investment to attract people back to high streets.
Fashion
Amazon sales forecast misses estimates, shares fall

Amazon sales forecast misses estimates, shares fall

Amazon.com Inc's forecast for third-quarter sales missed Wall Street expectations on Thursday, as consumers return to brick-and-mortar stores after shopping more online for the past year due to the pandemic.
Fashion
Shanghai to host Intertextile and Chic at end of August

Shanghai to host Intertextile and Chic at end of August

Having seen a return to almost normal levels of activity in April, Shanghai's textile and apparel trade shows will hold their next editions, with appropriate health and safety measures, from August 25 to 27.
Fashion
From Facebook to Twitter, Big Tech sees social commerce driving sales growth

From Facebook to Twitter, Big Tech sees social commerce driving sales growth

Led by Facebook, social media platforms are investing heavily in shopping features to drive revenue growth, a major theme that emerged during second-quarter results over the past week.
Fashion
Consumers seek eco transparency from brands, less greenwashing

Consumers seek eco transparency from brands, less greenwashing

​Consumers want more transparency from brands around eco practices with nearly a third of them thinking not enough is being done, while almost a quarter think there’s too much ‘greenwashing’ simply to improve sales.
Fashion
Mailbox posts "strong" retail rent collections

Mailbox posts "strong" retail rent collections

Yet more positive news on UK retail rent collections. This time it comes from Midlands-based Mailbox REIT, which recorded a “strong” 92% collection rate for the 24 June-28 September period.
Fashion
Westfield owner URW is cautiously optimistic as Europe bounces back

Westfield owner URW is cautiously optimistic as Europe bounces back

Unibail Rodamco Westfield has reported H1 results and continued to see “significant Covid-19-related disruption” in the first six months. But it also highlighted its ongoing “resilience in tough operating conditions”.
Fashion
Saks Off 5th appoints Amazon alum as chief operating officer

Saks Off 5th appoints Amazon alum as chief operating officer

Hot on the heels of its spin-off as a standalone company, the Saks Off 5th e-commerce business has announced the appointment of former Amazon exec Shivi Shankaran as its new COO.
Fashion
Nicky Zimmermann on 'The Postcard' resort 2022; opening in Cannes and making it from Australia

Nicky Zimmermann on 'The Postcard' resort 2022; opening in Cannes and making it from Australia

Australia, a country known for punching above its weight in sport, literature, cinema, media, wine and the pursuit of happiness, has tended to underperform when it comes to fashion. One major exception is Zimmermann. 
Fashion
NGO pressures Uniqlo to pay employees of liquidated former supplier

NGO pressures Uniqlo to pay employees of liquidated former supplier

Clean Clothes Campaign is pressuring Uniqlo to pay $5.5 million in salaries left unpaid by a former supplier, liquidated in 2015. The brand's parent company, Fast Retailing, denies all responsibility. 
Fashion
Aeffe increases stake in Moschino to 100%

Aeffe increases stake in Moschino to 100%

The fashion group, which has owned 70% of its flagship brand since 1999, has purchased the remaining 30% from Italy's Siny, taking complete control of the business. The value of the transaction was 66.5 million euros. 
Fashion
Shopify beats revenue expectations on resilient online shopping trend

Shopify beats revenue expectations on resilient online shopping trend

Canada’s e-commerce giant Shopify Inc beat second-quarter revenue expectations on Wednesday, on the back of a resilient online shopping trend precipitated by the Covid-19 pandemic.
Fashion