- New LYCRA® TOP COMFORT Fiber Launched by The LYCRA Companyby news@fashionunited.com (Press Club) on 06/11/2024 at 15:07
Credits: The LYCRA Company The LYCRA Company, a global leader in developing innovative and sustainable fiber and technology solutions for the apparel and personal care industries, announced today it has launched its latest innovation for pantyhose waistbands, LYCRA® TOP COMFORT fiber. In a recent study*, consumers indicated three of the top 10 criteria for sheer hosiery were related to the waistband. Consumers desire waistbands that are not too tight or dig in, slip down, or roll down. Based […]
- Pandora delivers like-for-like growth of 7 percentby news@fashionunited.com (Prachi Singh) on 06/11/2024 at 10:05
Pandora store in Cologne, Germany Credits: Pandora Pandora reported third quarter organic growth of 11 percent, comprising like-for-like (LFL) growth of 7 percent, network expansion of 5 percent and negative 1 percent from phasing of sell-in to partners and other. The company said in a statement that LFL growth in key European markets was 4 percent, the US remained solid at 6 percent while the rest of Pandora continued double-digit growth at 14 percent. Commenting on the third quarter update, […]
- How EPR for textiles is contributing to a sustainable future for the textile industryby news@fashionunited.com (Partner) on 06/11/2024 at 09:17
Credits: Pexels via Weee Nederland Sustainability is becoming increasingly important in the textile industry, which faces major challenges in response. One of the key developments in this area is the Extended Producer Responsibility (EPR) for textiles. The EPR holds producers accountable for the entire lifecycle of their textile products, from production to recycling. This requires a new way of thinking and acting, encouraging producers to make more sustainable choices and actively support a […]
- Top Fashion Influencer: Emily Beaneyby news@fashionunited.com (FashionUnited PR) on 06/11/2024 at 08:47
Credits: Courtesy of Emily Beaney Emily Elizabeth Beaney is a London-based streetwear influencer known for her practical yet stylish approach to fashion. With a focus on creating versatile looks that are both accessible and wearable, she’s become a go-to source for those looking to experiment with streetwear while maintaining a functional wardrobe. With nearly 80k followers on Instagram (@stylingemilybeaney) and 57k on TikTok, her influence in the fashion world continues to grow. […]
- Puma: Q3 sales increase 5 percent, reiterates outlookby news@fashionunited.com (Prachi Singh) on 06/11/2024 at 08:12
Puma headquarters in Germany Credits: Puma Currency-adjusted sales at Puma were up 5 percent to 2,308.2 million euros in the third quarter, with growth supported by all three regions: Americas, Asia/Pacific and EMEA. Sales in euro terms remained flat at 2,308 million euros. Reiterating its outlook for the financial year 2024 of mid-single-digit currency-adjusted sales growth and an operating result (EBIT) in the range of 620 million euros to 670 million euros, Puma continues to expect net […]
- Wuka launches sleepwear to tackle menopause symptomsby news@fashionunited.com (Danielle Wightman-Stone) on 06/11/2024 at 08:00
Wuka Sleepwear for Menopause collection Credits: Wuka Wuka, focused on sustainable period care and women’s health innovations, has launched a new sleepwear collection aimed at tackling the symptoms of menopause. The Wuka Sleepwear for Menopause collection has been designed to offer women going through menopause a solution to hot flushes and night sweats by helping reduce body temperatures by up to 2.5°C with its Wuka Freshtech Technology, which is scientifically proven to cool the body and […]
- M&S posts 17.2 percent growth in H1 profitby news@fashionunited.com (Prachi Singh) on 06/11/2024 at 07:46
M&S store Credits: Marks & Spencer For the first six month period, Marks and Spencer (M&S) recorded a pre-tax profit increase of 17.2 percent to 407.8 million pounds, while statutory pre-tax profit rose to 391.9 million pounds. The company’s clothing & home sales increased 4.7 percent, with LFL sales up 5.3 percent. Sales growth improved by 8.1 percent in the second quarter, with more seasonable weather. Commenting on the trading update, Stuart Machin, M&S chief executive […]
- Lennart Bernhoft becomes new COO of Global Fashion Agendaby news@fashionunited.com (Jule Scott) on 06/11/2024 at 06:00
Credits: Global Fashion Summit The Global Fashion Agenda (GFA) has appointed Lennart Bernhoft as its new chief operating officer (COO), the non-profit organisation announced on Tuesday. Bernhoft, who participated in the first Copenhagen Fashion Summit organised by the GFA, in 2009, described his appointment as "a full-circle moment." In his new role, Bernhoft will work with the team to strengthen GFA's proven foundation, unite the fashion industry and drive sustainability action. His […]
- Gucci welcomes communications professional from Givenchy as part of restructuringby news@fashionunited.com (Susan Zijp) on 06/11/2024 at 06:00
Gucci, “Casual Grandeur” SS25 collection. Credits: ©Launchmetrics/spotlight. Italian fashion house Gucci, a subsidiary of luxury giant Kering, confirmed to fashion magazine WWD that it is making a number of changes to its team in line with a restructuring. Valérie Leberichel will join Gucci as senior vice president of global communications at the end of December, reporting directly to Stefano Cantino, who will succeed CEO Jean-François Palus and take a seat at Kering's boardroom from 1 […]
- Does your store have the 'chill' or 'kill' factor?by news@fashionunited.com (Guest Contributor) on 06/11/2024 at 06:00
Kith in Paris Credits: Melvin van Tholl OPINION These days, terms like "retail experience," "total experience," and "Instagrammable" are ubiquitous in fashion retail. Many modern fashion shops are beautifully designed and score highly on the visual checklist of Instagram and TikTok influencers. Yet, sometimes something crucial is missing on the shop floor: feeling! To achieve this, not just your visual senses, but all your senses need to be stimulated so that your brain thinks: I never want to […]
- Morleys Department Stores appoints Allan Winstanley as CEOby news@fashionunited.com (Prachi Singh) on 06/11/2024 at 05:59
Morleys Brixton store Credits: Facebook/Morleys Brixton Morleys Department Stores has appointed Allan Winstanley as their new chief executive starting January 2025. The company said in a release that Winstanley replaces Nigel Blow, who has been CEO for the last 8 years. Winstanley moves to the UK after having worked with Myer department stores in Australia, where he co-lead the turnaround of the business. Prior to that he worked with Sears in the US, De Bijenkorf in the Netherlands and 10 […]
- Revolve Group records strong third quarter performanceby news@fashionunited.com (Prachi Singh) on 06/11/2024 at 05:39
Revolve first permanent store in Aspen, Colorado Credits: Revolve Group Revolve Group’s third quarter net sales were 283.1 million dollars, a year-over-year increase of 10 percent. After the end of the third quarter, the company’s net sales in October increased by a low-double digit percentage. "We delivered exceptional results in the third quarter, highlighted by double-digit top-line growth, significant expansion of net income, and 85 percent growth in adjusted EBITDA year-over-year," […]
- What opportunities does the AZ Academy programme offer emerging fashion talent?by news@fashionunited.com (Aéris Fontaine) on 05/11/2024 at 17:09
AZ Factory, Couture Presentation (July 2023). Credits: AZ Factory. Following the announcement in May that the luxury brand AZ Factory would be transforming itself into a programme for young talent, we now know more about the new project. It is called AZ Academy: Business for designers, and is led by the Richemont Group. Initiated by Richemont, the AZ Academy: Business for designer programme is based on partnerships with Richemont Group's Creative Academy and the Italian educational institution […]
- Lois Jeans - The Good Stuffby news@fashionunited.com (Press Club) on 05/11/2024 at 15:15
Credits: Lois Lois New Collection Introducing the third edition of The Good Stuff – A collection connected to the past, empowered by the present and ready to take on the future. Featuring a selection of classic tops and today’s most iconic fits, this collection is crafted in a deep dark rinse, making a contemporary statement. Credits: Lois Credits: Lois ABOUT THE BRAND Read more about Lois on their brandpage
- Authentic reportedly pulls Reebok licensing deal with New Guards Groupby news@fashionunited.com (Rachel Douglass) on 05/11/2024 at 14:12
Credits: Reebok Authentic Brands Group is believed to have terminated its deal with Farfetch-owned New Guards Group (NGG), which had previously been the licensee of Reebok and oversaw the distribution of the sportswear brand in Europe. According to a memo from NGG Management to staff, seen and reported on by WWD, NGG has received a termination notice for the agreement after Farfetch's owner Coupang had failed to amend “unfavourable economic terms” between NGG and Authentic. It is […]
- The RealReal welcomes Q3 revenue uptick, losses narrowby news@fashionunited.com (Rachel Douglass) on 05/11/2024 at 12:33
The RealReal shop-in-shop at Saks. Credits: The RealReal x Saks Luxury resale marketplace The RealReal has reported a revenue increase of 11 percent for the third quarter of ended September 30, 2024, while the company’s gross merchandise value (GMV) was up 6 percent. During the quarter, consignment revenue rose 14 percent compared to the same period in 2023, while its adjusted EBITDA amounted to 2.3 million dollars, up from nine million dollars in the year prior. Net losses narrowed, coming […]
- Me+Em sales growth driven by ‘pronounced’ US marketby news@fashionunited.com (Rachel Douglass) on 05/11/2024 at 11:56
Me+Em's Madison Avenue flagship store, NYC Credits: Me+Em Womenswear brand Me+Em has reported a notable uptick in revenue after gaining ground in international markets where it has continued to expand in recent years. In its filing in Companies House for the 52-week period ended 28 January 2024, the retailer posted a 46 percent increase in total group revenue to 119.5 million pounds, with overseas revenue also rising 81 percent year-on-year. Much of its growth was attributed to the US, where […]
- SportsShoes.com reports YoY increase in outdoor product salesby news@fashionunited.com (Rachel Douglass) on 05/11/2024 at 11:16
Credits: SportsShoes.com SportsShoes.com has reported a 13 percent year-on-year increase in outdoor product sales, citing “seasonal conditions” as the reason behind the uptick. The uptick could be seen across both its UK and international websites over the first six months of its financial year beginning 1 March 2024, during which time it welcomed a 90 million pounds turnover for outdoor gear. The retailer further reported an increase of 7,000 new customers over this period, reflecting a […]
- Salomon to open first UK stores in Londonby news@fashionunited.com (Rachel Douglass) on 05/11/2024 at 10:47
Salomon Covent Garden store. Credits: Aver / The Yards, Covent Garden. French sports brand Salomon is set to make its UK retail debut in London, where it has already opened a store in Covent Garden and is planning to open an additional store in Soho on November 14. Located at 125 Long Acre, the 3,628 square foot space at The Yards, Covent Garden is designed to showcase the full scope of Salomon’s offering, including footwear, apparel and gear for sports such as running, skiing and […]
- Fanatics boosting growth with branded and female-focused collabsby news@fashionunited.com (Danielle Wightman-Stone) on 05/11/2024 at 10:31
Lululemon x Fanatics x NHL collection - John Tavares Credits: Fanatics Interview Fanatics Commerce, a leading designer, manufacturer, and seller of licensed fan gear, jerseys, lifestyle and streetwear products, is looking to produce more branded and female-focused collaborations following the successful launch of its Lululemon x Fanatics x NHL collection last week. The collection with Canadian activewear brand Lululemon launched on October 29, featuring some of its most popular men’s and […]
- Robust retail expansion drives sales and profit growth at Primarkby news@fashionunited.com (Prachi Singh) on 05/11/2024 at 09:48
Primark store in Madrid, Spain Credits: Primark Primark’s revenue growth in 2024 was 6 percent to 9.4 billion pounds with like-for-like sales growing 1.2 percent. The company reported 51 percent growth in adjusted operating profit to 1.1 billion pounds, with margin recovery to 11.7 percent, up from 8.2 percent in 2023. For 2025, Primark is targeting mid-single digit sales growth as the company continues to execute store rollout programmes in Europe and the US with focus on like-for-like […]
- Sosandar to expand into homeware through Next licensing dealby news@fashionunited.com (Rachel Douglass) on 05/11/2024 at 09:39
Sosandar Credits: Image: Sosandar, Facebook Womenswear brand Sosandar is expanding its reach and stepping into the homeware market through a new licensing agreement with British retail giant Next. The deal expands on the duo’s already existing relationship, through which Next continues to stock Sosandar’s clothing range where it has seen a reported “success”, according to this latest announcement. Now with the addition of homeware, Sosandar is hoping to double down on its ongoing […]
- John Lewis partners with Klarna on BNPL offerby news@fashionunited.com (Rachel Douglass) on 05/11/2024 at 09:29
John Lewis store on Oxford Street. Credits: John Lewis Partnership British department store retailer John Lewis has established a new partnership with Klarna to introduce the payment platform’s ‘buy now, pay later’ (BNPL) offer to its online website and app. With this addition, customers will be able to select Klarna’s Pay in 3 product to pay for their John Lewis purchases, allowing them to spread their costs over 60 days. In a release, director of credit and banking at John Lewis […]
- Fashion sales take ‘biggest hit’ in October despite increases elsewhereby news@fashionunited.com (Rachel Douglass) on 05/11/2024 at 09:08
Leeds High Street Credits: Unsplash For the four weeks spanning September 29 to October 27, the British Retail Consortium (BRC) reported a “disappointing” retail sales growth of just 0.6 percent year-on-year, against a growth of 2.6 percent in October 2023. This was below the three-month average growth of 1.3 percent and the 12-month average growth of 1 percent, and came despite a 2.9 percent increase in food sales, the organisation added. Non-food sales fell 0.1 percent over the […]
- CeraVe launches first haircare offeringby news@fashionunited.com (Danielle Wightman-Stone) on 05/11/2024 at 09:00
Beauty CeraVe Haircare anti-dandruff product line Credits: CeraVe CeraVe, the number one dermatologist-recommended skincare brand in the US, is looking to disrupt the haircare market with its first hair products targeting dandruff. Backed by L'Oréal Dermatological Beauty, CeraVe haircare is launching with five targeted scalp solutions, including two shampoos, two conditioners, and a 2-in-1, all under 10 US dollars each. The haircare line, available exclusively at Walmart, has been […]
- International presence and local talent support: Miami Fashion Week reveals expanded calendarby news@fashionunited.com (Rachel Douglass) on 05/11/2024 at 08:56
Giannina Azar at the finale of her SS25 swimwear show. Credits: ©Launchmetrics/spotlight The East Coast of the US is currently gearing up for a new edition of Miami Fashion Week (MIAFW), which this year has revealed an expanded calendar spanning November 19 to 23, 2024. On the back of what organisers said was a “highly successful January 2024 event” which emphasised a new focus on streetwear, this season the fashion week will be further expanding its “legacy” of Resort showcases. In […]
- Emu Australia launches collection with Vibramby news@fashionunited.com (Danielle Wightman-Stone) on 05/11/2024 at 08:00
In Pictures Emu Australia powered by Vibram collection Credits: Emu Australia Footwear brand Emu Australia, known for its sheepskin boots, has collaborated with Vibram, the Italian manufacturer of high-performance rubber soles for outdoor and leisure activities. The three-piece ‘Emu Australia powered by Vibram’ collection for autumn/winter 2024 merges functionality and innovation, combining Emu’s timeless aesthetic and comfort with Vibram’s waterproof technology for boots "that […]
- Zalando posts strong improvement in Q3 sales and profitby news@fashionunited.com (Prachi Singh) on 05/11/2024 at 07:47
Zalando headquarters in Berlin Credits: Zalando Zalando’s third-quarter gross merchandise volume (GMV) rose 7.8 percent to 3.5 billion euros, revenue increased 5 percent to 2.4 billion euros and adjusted EBIT climbed from 23 million euros to 93 million euros. The company said in a statement that adjusted EBIT margin for the quarter increased by 2.9 percentage points to 3.9 percent. The number of active customers increased by about half a million quarter on quarter, bringing the total number […]
- Asos predicts 60 percent jump in 2025 profitby news@fashionunited.com (Prachi Singh) on 05/11/2024 at 07:33
Asos x Nordstrom, New York City Credits: Asos In FY25, driven by a significant increase in the full-price sales mix, Asos expects 300 bps increase in gross margin to over 46 percent and adjusted EBITDA to increase by at least 60 percent to 130 million pounds to 150 million pounds. In the mid-term, the company continues to expect revenue growth, gross margin towards 50 percent and an adjusted EBITDA margin of 8 percent. Commenting on the full year update, José Antonio Ramos Calamonte, chief […]
- Hot weather impacts Uniqlo's October same-store salesby news@fashionunited.com (Prachi Singh) on 05/11/2024 at 07:15
Uniqlo store in Beijing Credits: Fast Retailing Co. Ltd. Uniqlo Japan reported a 7.5 percent decrease in October same-store sales including online sales. The company’s total sales including online sales decreased by 5.9 percent. The company part of the Fast Retailing Group, attributed same-store sales decrease in October to persistently hot weather negatively affecting sales of winter ranges. On October 25, the company opened the Uniqlo Shinjuku Honten global flagship store in Tokyo. In the […]
- Hugo Boss Q3 sales remain flat, maintains 2024 outlookby news@fashionunited.com (Prachi Singh) on 05/11/2024 at 07:05
Boss flagship store in Düsseldorf, Germany Credits: Hugo Boss In the third quarter, Hugo Boss managed to increase currency-adjusted sales by 1 percent in a challenging market environment. In group currency, revenues amounted to 1,029 million euros in the quarter, slightly above the prior-year level. Supported by the third-quarter performance, the company’s currency-adjusted sales rose 2 percent and in group currency, revenues grew by 1 percent to 3,058 million euros. Commenting on the […]
- Reitmans Canada appoints Caroline Goulian as CFOby news@fashionunited.com (Prachi Singh) on 05/11/2024 at 05:16
Reitmans store Credits: Facebook/Reitmans Reitmans (Canada) Limited (RCL) has announced the appointment of Caroline Goulian as chief financial officer, effective November 4, 2024. The company also announced that Richard Wait, executive vice president and current chief financial officer, will be retiring next April after a 40-year career with RCL. "I am thrilled to announce the promotion of Caroline Goulian to chief financial officer. She is already a proven member of our leadership team who […]
- Positive Luxury Awards returns for 2025 editionby news@fashionunited.com (Vivian Hendriksz) on 04/11/2024 at 14:03
Positive Luxury Awards 2025 Credits: Positive Luxury Awards The Positive Luxury Awards are set to return for another edition in 2025. The annual awards ceremony hosted by Positive Luxury, a group of experts helping the global luxury industry transform a more sustainable future, the Positive Luxury Award 2025 aims to reward innovation and change within the luxury sector by celebrating those who drive sustained positive action. Each category is judged by an independent panel of experts, […]
- Keel Labs wins ‘Innovation Project of the Year’ at Textile Exchange Climate & Nature Impact Awardsby news@fashionunited.com (Vivian Hendriksz) on 04/11/2024 at 13:26
Keels Labs founders Credits: Keels Labs Sustainable next-gen materials company Keel Labs has been selected as the winner of the 'Innovation Project of the Year' at the Textile Exchange Climate & Nature Impact Awards. Presented with an award during the annual Textile Exchange Conference on October 31, the fourth annual award program honors those in the fashion and textile industries who demonstrate commitment and determination in advancing positive impacts for climate and nature, Keel Labs […]
- Alberta Ferretti names first general managerby news@fashionunited.com (Rachel Douglass) on 04/11/2024 at 11:01
Finale of Alberta Ferretti's SS25 show. Credits: ©Launchmetrics/spotlight Aeffe Group-owned Alberta Ferretti has appointed Alexandra Lamprecht as its first general manager, a new role through which the brand hopes to drive growth and expand in international markets. Lamprecht will report to Aeffe Group president, Massimo Ferretti, who confirmed the appointment to WWD, to which he said “that her professional skills gained during 20 years of experience in the sector, combined with the […]
- The Lycra Company Official Partner of Maredimodaby news@fashionunited.com (Press Club) on 04/11/2024 at 10:35
Credits: The LYCRA Company Exclusive Preview in Cannes: Bio-Derived Lycra® Ecomade Fiber for Swimwear, Beachwear and Athleisure The LYCRA Company steps further into the spotlight with a refreshed brand identity and one of its most anticipated innovations: the first bio-derived elastane at commercial scale. Show highlights include the fully reimagined, sustainability-focused “LYCRA® Brand Lounge” and a new immersive space, the “LYCRA EcoMade fiber Experience Area,” where visitors can […]
- Is Moncler taking over Burberry?by news@fashionunited.com (Rachel Douglass) on 04/11/2024 at 10:32
Burberry Harrods Takeover. Credits: Picture Courtesy of Burberry. Burberry’s struggles in recent years have been no secret. Despite the appointment of a new creative director and chief executive officer, its financials have remained somewhat lacklustre, leaving it in a vulnerable position for a potential takeover. And rumours have begun to swirl that down jacket specialist Moncler could be none other than its saving grace. According to industry blog Miss Tweed, “growing industry […]
- First nine months of 2024: revenues and EBITDA continued to grow, despite the degraded environmentby news@fashionunited.com (Press Club) on 04/11/2024 at 10:15
Credits: Shutterstock via Lectra Today, Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and the first nine months of 2024, which have not been reviewed by the Statutory Auditors. To facilitate the analysis of the Group's results in its new scope, the accounts of Lectra excluding Launchmetrics (the "Lectra 2023 scope") and those of Launchmetrics are analyzed separately. The detailed 2024 vs 2023 comparisons are based […]
- Nike appoints fifth DEI exec in four yearsby news@fashionunited.com (Rachel Douglass) on 04/11/2024 at 10:03
Nike store in Singapore Credits: Nike Inc. Sportswear giant Nike has named Kizmet Mills its new diversity, equity and inclusion (DEI) chief, making her the fifth individual to take on this role since 2020. This is according to Footwear News, which reported that Mills was to be the successor of James Loduca, who had revealed his exit from Nike via a LinkedIn post last week. Here, Loduca said that he was proud of all the team has accomplished, including “accelerating accessibility, building a […]
- Younger fashion shoppers leading bricks-and-mortar retail revivalby news@fashionunited.com (Danielle Wightman-Stone) on 04/11/2024 at 09:53
Gen Z shopper taking a selfie Credits: RetailNext According to new research from RetailNext, which offers retail analytic solutions, Gen Z and Millennial shoppers are leading the bricks-and-mortar revival as the most frequent visitors to UK stores. Despite frequent digital-first and social media-dependent stereotyping, Gen Z consumers are over twice as likely as the average UK consumer to head into fashion stores every week, 28 percent compared to 13 percent. RetailNext research of more than […]
- Kate Phelan joins Harvey Nichols as creative directorby news@fashionunited.com (Prachi Singh) on 04/11/2024 at 09:52
Kate Phelan, creative director, Harvey Nichols Credits: Harvey Nichols UK’s luxury fashion and beauty retailer Harvey Nichols has announced the appointment of Kate Phelan to the newly created role of creative director. At Harvey Nichols, the company said in a statement, Phelan will be responsible for brand campaigns, as well as elevating the visual identity of the brand and its creative propositions. She will report directly to Julia Goddard, chief executive officer of Harvey Nichols. She […]
- Former Asda owner launches investment fund, backs secondhand platform GoThriftby news@fashionunited.com (Rachel Douglass) on 04/11/2024 at 09:50
Thrift shoppping Credits: Becca Mchaffie via Unsplash Billionaire businessman Mohsin Issa, alongside his partner Victoria Price, has launched a new private investment fund, through which the duo have set out on the goal of backing UK start-ups. One of the first moves by the Jersey-based investment vehicle, Boulder Investco, has been to take a significant stake in secondhand clothing platform GoThrift, which was then followed by a 10 million pound investment into protein powder company Applied […]
- Severe weather in Spain: The fashion world offers helpby news@fashionunited.com (Jaime Martinez) on 04/11/2024 at 09:31
Image of the effects of the DANA as it passed through the autonomous communities of Castilla-La Mancha and the Valencian Community (Spain). Credits: Cáritas Española Madrid - Inditex, H&M, Mango, Scalpers, Nude Project and many more fashion companies, both national and international, are expressing support and solidarity for the victims of last week's extreme weather in Spain. The storm devastated areas of Castilla-La Mancha and the southern part of metropolitan Valencia, where the […]
- Will the green tag save us? Overproduction: the underdog of sustainable fashionby news@fashionunited.com (Partner) on 04/11/2024 at 09:27
Credits: Image by freepik edited by Chainbalance Browsing through stores, searching for new pieces or inspiration, green tags peak out of many shirts or pants - an eye-catcher symbolizing sustainability regarding material compositions, use of resources, or working conditions. Today, nearly every brand in the fashion world offers a range of more sustainably produced goods. This is a promising sign for change in our industry. We are taking significant steps toward a more sustainable fashion […]
- Elie Saab names Marina Raphael artistic and design director of handbagsby news@fashionunited.com (Danielle Wightman-Stone) on 04/11/2024 at 09:10
Marina Raphael, artistic and design director of handbags at Elie Saab Credits: Elie Saab Haute couture fashion house Elie Saab has appointed Greek Austrian designer Marina Raphael to lead its handbag division as it looks to introduce a “fresh approach” to the category and strengthen its handbag line’s identity. Raphael, known for her eponymous luxury handbag brand, becomes Elie Saab’s artistic and design director of handbags with immediate effect and will work closely with the Lebanese […]
- H&M Group partners with Lightsource bp to build solar farm in Texasby news@fashionunited.com (Susan Zijp) on 04/11/2024 at 09:07
H&M Group signs virtual agreement for the purchase of electricity with Lightsource bp – enabling the construction of new, renewable energy infrastructure in Texas Credits: H&M Group H&M Group has announced a large-scale project with Lightsource bp, a wholly owned subsidiary of BP Plc and Europe's largest solar energy developer. This project involves the construction of a solar farm in the US state of Texas, which will contribute to the energy supply for H&M's global […]
- Revenues up but losses double at Selfridges’ parent companyby news@fashionunited.com (Rachel Douglass) on 04/11/2024 at 09:01
Selfridges Oxford street Credits: Andrew Meredith Cambridge Retail Group Holding, alongside its UK and European subsidiaries Selfridges, Ireland-based Brown Thomas Arnotts and the Netherlands’ de Bijenkorf, has filed its financial statements for the year to 3 February 2024, with department stores and online retailing at the core of its activities. There was some positivity in the report, with revenue for the group up 1.6 billion pounds on the year prior’s 804.7 million pounds, while gross […]
- Artificial intelligence in fashion − the risks, the rewards, and the responsibilitiesby news@fashionunited.com (Press Club) on 04/11/2024 at 09:00
Credits: Textiles Intelligence AI is not a silver bullet for the challenges facing the fashion industry said experts at the ASBCI conference on 16 October, but if businesses can get the fundamentals right, AI offers the potential for huge rewards when targeted at specific issues. The fashion industry gathered in Halifax earlier this month to discuss the risks, rewards, and responsibilities of the adoption of AI tools at the ASBCI’s annual conference. Attended by major brands and retailers as […]
- Canada Goose opening experiential pop-up in Selfridgesby news@fashionunited.com (Danielle Wightman-Stone) on 04/11/2024 at 08:50
Canada Goose PBI Collection Credits: Canada Goose Canada Goose is opening an experiential pop-up store within department store Selfridges in London to support Polar Bears International, a longstanding partner for the Canadian outerwear and performance brand. The Arctic Lab pop-up, opening on November 4, will be located within Selfridges menswear atrium and will focus on Canada Goose’s work with Polar Bears International, the only conservation organisation dedicated solely to conserving polar […]
- The YKK London Showroom launches their November Deadstock Week: A Celebration of Sustainability and Creativity in Fashionby news@fashionunited.com (Partner) on 04/11/2024 at 08:48
Credits: YKK London's fashion community will gather this November for an innovative celebration of sustainable design as the YKK London Showroom presents its anticipated Deadstock Week. Starting from Monday, 4th November 2024 and continuing until Thursday, 7th November 2024, this year’s event promises a host of exciting workshops, free YKK deadstock, industry- led talks, and a special window display launch. All of this will be focused on YKK’s commitment to supporting student designers and […]
- Nike launches new Jordan sneakers inspired by female basketball athletesby news@fashionunited.com (Danielle Wightman-Stone) on 04/11/2024 at 08:38
In Pictures Nike Jordan Brand ‘Heir Series’ basketball sneakers Credits: Nike Jordan Brand Nike is enhancing its basketball offering for women players with the launch of the Jordan Heir Series sneakers, a silhouette that draws insights from the women’s game and is built to support women on the court. In a statement, the Jordan Brand said the Heir Series ushers in a “new era of basketball performance and style,” for women, taking direction from athletes including Kiki Rice and […]
- Schuh UK posts strong growth in 2023 sales and profitby news@fashionunited.com (Prachi Singh) on 04/11/2024 at 08:28
Schuh store at Liverpool Shopping Park Credits: Schuh Footwear retailer Schuh’s turnover in the UK increased by 7.4 percent to 380.8 million pounds and footfall increased by 3.8 percent across its stores. The company said in a filing that ecommerce sales improved by 10 percent like for like. Ebitda for the year increased by 35.8 percent to 28 million pounds, pre-tax profit jumped by 56.8 percent to 21 million pounds and profit after tax by 54.8 percent to 16 million pounds. Schuh said in the […]
- Rixo launches debut homeware collectionby news@fashionunited.com (Danielle Wightman-Stone) on 04/11/2024 at 08:22
In Pictures Rixo ‘Casa Rixo’ homeware collection Credits: Rixo London-based fashion brand Rixo is entering the homewares category with a debut collection celebrating the brand’s love for bold prints and vintage-inspired designs. The colourful ‘Casa Rixo’ homeware collection launches on November 11 and showcases the fashion brand’s belief that home décor, even small items such as cushions, napkins and tablecloths can make an impact and “effortlessly transform a space”. […]
- Princess Polly confirms debut store in New York Cityby news@fashionunited.com (Danielle Wightman-Stone) on 04/11/2024 at 08:07
Princess Polly store. Credits: Princess Polly. Australian fashion brand Princess Polly has announced it is expanding to the East Coast of the US with its debut brick-and-mortar location in Manhattan, New York City. The Gen Z-loved brand, owned by a.k.a. Brands Holding Corp., has secured an 8,000-square-foot location at 514 Broadway in New York City’s SoHo neighbourhood, which will open in early 2025. Spanning across two floors, the NYC store will house over 5,000 on-trend Princess Polly […]
- Primark to open first store in Texas in Decemberby news@fashionunited.com (Danielle Wightman-Stone) on 04/11/2024 at 07:57
Primark US brand campaign ‘That’s So Primark’ Credits: Primark Value fashion retailer Primark has confirmed that its first store in Texas, US, will open at the La Plaza Mall in McAllen on December 12. The store will span 37,000 square feet and will offer the retailer’s value fashion for the whole family, including everyday essentials such as denim starting at 10 US dollars and T-shirts at 4 US dollars, alongside licensed products at affordable prices, including fan-favourite […]
- India’s leading designer Rohit Bal rememberedby news@fashionunited.com (Simone Preuss) on 04/11/2024 at 06:12
Rohit Bal at Lakme Fashion Week Summer Resort 2016. Credits: Lakme Fashion Week As the fashion world mourns the death of iconic Indian designer Rohit Bal, FashionUnited has collected comments from across the world, as the designer enchanted Hollywood and Bollywood alike, counting celebrities like Cindy Crawford, Naomi Campbell, Deepika Padukone, Aishwarya Rai and Bollywood legend Amitabh Bachchan among his customers and fans. From Bollywood actors like Sonam Kapoor and Ananya Panday to […]
- Iconic Indian designer Rohit Bal dies aged 63by news@fashionunited.com (Simone Preuss) on 03/11/2024 at 10:37
Rohit Bal and Karishma Kapoor at Lakme Fashion Week Summer Resort 2016. Credits: Lakme Fashion Week Renowned Indian designer Rohit Bal died of a cardiac-related issue on Friday night in New Delhi at the age of 63. The designer underwent an angioplasty seven years ago and was hospitalised last year for a heart condition. Due to his health issues, he had taken a break from fashion but returned a few weeks ago to show his last collection “Kaaynaat: A Bloom in the Universe” as a part of FDCI x […]
- Tim Burton exhibition opens at the Design Museumby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 13:02
In Pictures ‘The World of Tim Burton’ exhibition at the Design Museum Credits: Design Museum The latest iteration of Tim Burton’s retrospective exhibition has opened in London at the Design Museum, showcasing more than 600 items from the director’s body of work, including Batman Returns, Wednesday and Edward Scissorhands. ‘The World of Tim Burton’ runs until April 21, 2025, and has smashed the Design Museum’s advanced ticket sales, with more than 32,000 people purchasing […]
- Vuori opens flagship store in Londonby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 12:11
In Pictures Vuori Regent Street flagship store Credits: Vuori Southern Californian performance lifestyle brand Vuori has opened its first international flagship store on Regent Street in London as it looks to strengthen its presence in the UK. The 4,000 square foot store marks the brand’s first UK flagship and second London opening, following the successful opening of its Covent Garden store in 2022, and follows the addition of 20 new locations in the US this year. Located at 83-85 […]
- Angel Reese to get her own signature shoe with Reebokby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 11:22
Reebok announces multi-year partnership with Angel Reese Credits: Reebok WNBA All-Star Angel Reese has signed a multi-year partnership extension with sportswear brand Reebok and will be launching her own signature sneaker in 2026. The move will mean that Reese becomes only the second WNBA player to receive a signature shoe from the brand. Reese joins other female basketball stars with signature shoe deals, including Breanna Stewart with Puma and Caitlin Clark with Nike. Commenting on working […]
- Draper James names Jeannie Yoo as CEOby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 10:53
Jeannie Yoo - CEO of Draper James Credits: Draper James Draper James, the Southern-inspired lifestyle brand founded by actress Reese Witherspoon and majority-owned by Consortium Brand Partners, has named Jeannie Yoo its new chief executive officer. Yoo, a veteran in the fashion industry with two decades of experience across luxury and commercial brands, has been brought on to lead Draper James into its next chapter, focusing on growth across direct-to-consumer channels, category […]
- Charlie Casely-Hayford designs scotch sipping jacket with Aberfeldyby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 10:37
Aberfeldy scotch sipping jacket by Charlie Casely-Hayford Credits: Aberfeldy Single malt scotch whisky brand Aberfeldy has teamed up with British menswear designer Charlie Casely-Hayford to launch what it is calling the first-of-its-kind scotch sipping jacket. The limited-edition jacket aims to offer a modern, refined take on the iconic smoking jacket, taking inspiration from the rich character of Aberfeldy 12 Year Old, a whisky with golden tones and signature soft honeyed, fruity notes. In a […]
- Smashbox Cosmetics launches first venture into fashionby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 10:16
Smashbox x Ilka Bag Collection Credits: Ilka Beauty Make-up brand Smashbox Cosmetics has launched its first-ever fashion collection in collaboration with Mexico City-based accessories label Ilka. The limited-edition four-piece collection, previewed at Mercedes-Benz Fashion Week Mexico City, merges Smashbox branding and colourways with some of Ilka’s bestselling styles, including its fringed crossbody and tote bags. Rosine Kalach, co-founder of Ilka, said in a statement: "When beauty and […]
- Puma and The Brooklyn Circus honour Caribbean-American communitiesby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 09:44
In Pictures Puma x The Brooklyn Circus collection Credits: Puma by John Midgley Global sportswear brand Puma has collaborated with The Brooklyn Circus (BKc), founded by designer Ouigi Theodore, on a collection honouring the vibrant Caribbean-American communities that have helped shape New York’s hip-hop and reggae movements. The collection offers apparel and sneakers, including knitwear, activewear and streetwear styles, inspired by the impact of Caribbean music and style, from the […]
- Wedding brand Revelry expands into menswearby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 09:23
In Pictures Revelry menswear collection Credits: Revelry Revelry, the direct-to-consumer wedding brand known for its made-to-order women’s bridesmaid dresses, is expanding into menswear to dress groomsmen. The new Revelry menswear collection, launching to the public in December, will offer made-to-measure suits, including vests, suit jackets, and pants, designed to complement the e-commerce brand’s existing collection of occasion wear. The Revelry Suits collection will offer a […]
- Never Fully Dressed unveils collaboration with Porto & Belloby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 08:58
‘Never Fully Dressed x Porto & Bello’ collection Credits: Never Fully Dressed In Pictures British fashion brand Never Fully Dressed, founded by Lucy Aylen, has unveiled a collaboration with Porto & Bello, which offers stylish and functional for individuals undergoing cancer treatment. The ‘Never Fully Dressed x Porto & Bello’ collection merges the womenswear brand’s signature prints with the practical designs of Porto & Bello, which has become known for its […]
- Strathberry relocates and upsizes Covent Garden storeby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 08:45
In Pictures Strathberry Covent Garden store Credits: Strathberry Edinburgh-based luxury leather goods brand Strathberry has relocated and upsized its Covent Garden store in London. Strathberry has doubled the size of its Covent Garden Market Building boutique to a 1,200 square foot unit, meaning it is now the biggest store for the brand, which also operates three standalone stores in the UK. The move is to enable the brand to expand its offering of signature bags handcrafted in Spain and […]
- Marc Jacobs unveils ‘The Wizard of Oz’ collectionby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 08:33
‘The Wizard of Oz x Marc Jacobs’ collection campaign Credits: Marc Jacobs In Pictures American luxury fashion brand Marc Jacobs has unveiled a capsule collection celebrating the iconic film ‘The Wizard of Oz’ in partnership with Warner Bros. Discovery Global Consumer Products. ‘The Wizard of Oz x Marc Jacobs’ collection celebrates the original film’s 85th anniversary and reimagines the charm of the characters, including Dorothy and the Wicked Witch of the West, across some of the […]
- Gap launches collection with Paddingtonby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 08:14
In Pictures Gap x Paddington collection Credits: Gap American retailer Gap has launched a limited-edition capsule collection with the beloved children’s character Paddington Bear, ahead of StudioCanal’s ‘Paddington in Peru’ film on November 8. The 19-piece collection, shoppable at Gap.co.uk, features playful, everyday essentials for toddlers and babies, combining Gap’s super-soft, elevated designs with the nostalgic joy of Paddington. Gap x Paddington collection Credits: […]
- Vogue's reigning queen: Anna Wintour turns 75by news@fashionunited.com (DPA) on 01/11/2024 at 08:03
Anna Wintour Credits: Alessandro Bremec / NurPhoto / NurPhoto via AFP Sunglasses, bob with bangs, haute couture dress: Anna Wintour is her own brand. Now the Vogue boss is 75 years old - and can't shake off her image as a Prada-wearing devil. Large dark sunglasses, a neatly cut bob with bangs and a haute couture dress: Anna Wintour has made herself a brand with recognition value. "Even her hairstyle is visible from space," the British newspaper The Guardian once joked. As a journalist, she has […]
- Boohoo appoints Dan Finley as chief executiveby news@fashionunited.com (Danielle Wightman-Stone) on 01/11/2024 at 07:56
Boohoo reveals new logo as part of brand identity refresh. Credits: Boohoo. British online fast-fashion giant Boohoo has named Dan Finley as the group’s chief executive officer, defying major shareholder Frasers Group to install its owner Mike Ashley at the helm. In a statement, Boohoo said Finley, formerly of JD Sports and currently CEO of Debenhams, will take up his new role with immediate effect, succeeding John Lyttle, who resigned in October after five years with the business. […]
- Trendstop SS25 women’s catwalk color trendsby news@fashionunited.com (Trendstop) on 01/11/2024 at 07:05
Issey Miyake SS25 Credits: Trendstop Trendstop brings FashionUnited readers a first look at the key color directions emerging from the Spring Summer 2025 Women’s runway collections. Spring colors draw on consumer mindsets, a desire to reconnect with nature and for simplicity in an increasingly complicated world. Contemporary darks become softer and pale hues are enlivened with a seasonal freshness, whilst color combinations focus on bold, impactful statements. Natural color trend SS25 […]
- SS25 Trend: ‘Army Days’, Military jackets, olive drab, and utility detailsby news@fashionunited.com (Jayne Mountford) on 01/11/2024 at 07:00
SS25 Trend: Army Days Credits: SS25 Trend: Army Days/©Launchmetrics/spotlight Several designers showed riffs on military and utilitarian styles during the SS25 runway season. There are a few reasons for the popularity of this trend. The 2024 USA general election is just days away, and with the possibility of the country electing its first woman President, the topic of female empowerment is on many peoples’ lips. One could say that women’s clothing mimicking military attire sends a […]
- Amazon results beat third quarter expectationsby news@fashionunited.com (AFP) on 01/11/2024 at 06:54
Amazon. Credits: Amazon. E-commerce giant Amazon reported stronger-than-expected third quarter results on Thursday, with significant growth in cloud computing and a return to profitability in its international segment. The Seattle-based tech titan posted net sales of 158.9 billion dollars for the quarter ending September 30, up 11 percent from the same period last year, with net profit up to 15.3 billion dollars. Amazon Web Services (AWS), the company's cloud computing division, continued its […]
- Textile Exchange introduces Materials Matter Standardby news@fashionunited.com (Rachel Douglass) on 01/11/2024 at 06:00
Materials Matter Standard. Credits: Textile Exchange. Textile Exchange has revealed a new unified standard system as part of an overarching shift in approach at the production-focused non-profit aimed to better meet current industry demands. Unveiled at the Textile Exchange Conference 2024, the Materials Matter Standard, which had initially been introduced as a pilot, puts to the forefront a mission of connecting climate and nature outcomes with practices at the start of the supply chain. […]
- Bee Inspired appoints new CEOby news@fashionunited.com (Rachel Douglass) on 01/11/2024 at 06:00
Kyrk Macmillan, CEO (middle), with founders Mark Corcoran and Steven Robb. Credits: Bee Clothing, LinkedIn. Menswear brand Bee Inspired has named Kyrk Macmillan its new chief executive officer. The company announced the news in a post on LinkedIn, where it said the appointment comes at a time of “rapid growth and new store locations to add to the success”. Macmillan has been with Bee Inspired for four months now, initially joining in the position of chief commercial officer. Prior to […]
- Jim Emerich returns to Narvar as CFOby news@fashionunited.com (Prachi Singh) on 01/11/2024 at 05:13
Jim Emerich, CFO, Narvar Credits: Narvar Post-purchase intelligence platform Narvar has announced the return of Jim Emerich as chief financial officer (CFO), effective October 21, 2024. The company said in a release that Emerich will spearhead Narvar's financial strategy and operations. He will report to the company’s new CEO, Anisa Kumar. "Jim Emerich's extensive experience and deep connection to Narvar make him the perfect choice to lead our financial strategy as we enter our next phase of […]
- Entrepreneur and founder of Business Fashion Academy Zeynep Dag shares her best career adviceby news@fashionunited.com (Caitlyn Terra) on 31/10/2024 at 15:27
Zeynep Dag. Credits: Alzúarr Interview A piece of advice can completely change the course of one’s career. What career tips have fashion professionals received, and what advice do they have for others? This time, we speak with entrepreneur, footwear designer, and founder of the Business Fashion Academy in the Netherlands and the brand Alzúarr, Zeynep Dag. What is the best career advice you have ever received? When I was eighteen, I participated in a styling competition by Elle. I made it […]
- GreenWalk Awards: Wheat dress propels its creator to Saint Martinsby news@fashionunited.com (Alicia Reyes Sarmiento) on 31/10/2024 at 15:21
Alejandro Merino, winner of the third edition of the GreenWalk Awards Credits: GreenWalk Awards. The future of sustainable fashion looks promising, driven by groundbreaking ideas and a growing environmental consciousness, as embodied by the GreenWalk Awards. The event celebrated its third edition in Madrid earlier this month and awarded designer Alejandro Merino a scholarship to attend a course at the prestigious UK institution Central Saint Martins for his innovative design entitled 'The […]
- The future of fashion: is less more?by news@fashionunited.com (Esmee Blaazer) on 31/10/2024 at 14:42
An illustrative image. Here you see a wall in the Patagonia store in Amsterdam. Credits: Patagonia A confession. My original research question was, “What if the fashion industry simply made less clothes?” (Over)production, reducing speed and seasons could be the answer to almost everything?!, was my thought process. As in: for sustainability in the clothing sector and more broadly: in the pursuit of a circular economy (see text frame below). Many sustainability issues can be traced back […]
- Goodwill and Reju to collaborate with WM on multi-year textile recycling initiativeby news@fashionunited.com (Rachel Douglass) on 31/10/2024 at 14:26
Reju Textiles. Credits: Reju. A new collaboration aims to develop a model for regional textile collection, sortation, reuse and recycling that intends to divert non-wearable textile materials from the waste stream across the North American continent. Non-profit organisation Goodwill and materials regeneration company Reju have partnered with WM, an environmental solutions provider, for the multi-year initiative, which aims to aid in the advancement of textile recycling in the said region. […]
- ‘Young Creators of the World’ fashion competition unveils winnerby news@fashionunited.com (Cynthia Ijelman) on 31/10/2024 at 14:10
Mónica Mauricio, winner of the ‘Jóvenes Creadores al Mundo’ competition.Credits: PromPerú The Lima designer Mónica Maurico was named the winner of the seventeenth edition of the ‘Young Creators to the World’ competition held as part of the latest edition of B2B network event Peru Moda Deco, according to a press release issued by PromPerú. The winning collection is entitled ‘Children of the Wind’, made of alpaca and cotton, and inspired by the ‘pablitos’, characters of the […]
- Headwinds in China and Asia travel retail impact Estée Lauder's Q1by news@fashionunited.com (Prachi Singh) on 31/10/2024 at 13:51
Estée Lauder Credits: The Estée Lauder Companies/Facebook Estée Lauder’s first quarter net sales of 3.36 billion dollars, decreased by 4 percent, while organic net sales decreased 5 percent. For the second quarter reported and organic net sales are forecasted to decrease between 8 percent and 6 percent, reported diluted net earnings per share are projected to be between 2 cents and 19 cents and adjusted diluted net earnings per share are expected to decrease between 77 percent and 60 […]
- Kontoor Brands raises outlook after "better-than-expected" Q3by news@fashionunited.com (Prachi Singh) on 31/10/2024 at 13:38
Lee and Wrangler store in Berlin Credits: Kontoor Brands) Kontoor Brands, with a portfolio led by Wrangler and Lee, reported third quarter revenue of 670 million dollars, an increase of 2 percent driven by growth in global direct-to-consumer and US wholesale, partially offset by a decline in international wholesale revenue. Earnings per share were 1.26 dollars on a reported basis. On an adjusted basis, EPS was 1.37 dollars, representing an increase of 12 percent. “Our third quarter results […]
- IED Roma students create eight looks with Albini 1876 fabricsby news@fashionunited.com (Isabella Naef) on 31/10/2024 at 13:05
Eight looks created by young fashion talents. Credits: Ied Roma and Albini 1876. Twenty-seven fashion designers from the Istituto Europeo di Design in Rome, together with Albini 1876, a brand of the fabric and yarn production company Albini Group, have created a series of garments that express their creative spirit. The young talents presented their eight looks at the Albini Group showroom earlier this week. "The workshop is called Tabula Rasa, and is meant to be an invitation to empty our […]
- Gildan lowers 2024 revenue target but ups adjusted earnings outlookby news@fashionunited.com (Prachi Singh) on 31/10/2024 at 13:05
Gildan Activewear headquarters in Honduras Credits: Gildan Activewear Gildan Activewear reported net sales of 891 million dollars, up 2.4 percent over the prior year, at the high end of previously provided guidance of flat to low single-digit growth. The company’s activewear sales of 788 million dollars, were up 6 percent reflecting positive POS in the category across channels in North America. The company has narrowed its previous guidance of revenue growth of flat to up low-single digits […]
- Jigsaw falls into the red amid challenging backdropby news@fashionunited.com (Rachel Douglass) on 31/10/2024 at 12:39
Credits: Jigsaw British retailer Jigsaw has reported a loss for the financial year to January 27, 2024, after a number of its investments failed to generate a return “to the levels expected”. The company, which filed its annual report via Companies House, said that efforts to bolster brand marketing and staff had not borne fruit, resulting in a pre-tax loss of 3.6 million pounds, after previously reporting a profit of 816,000 pounds in the year prior. Revenue was marginally up, however, […]
- Etsy reports ‘anticipated’ Q3 results, GMS takes hitby news@fashionunited.com (Rachel Douglass) on 31/10/2024 at 11:23
Credits: Etsy Online marketplace platform Etsy has outlined its financials for the third quarter ended September 30, 2024, in which its gross merchandise sales (GMS) dropped 4.1 percent year-over-year reflecting “incremental pressure”. The company’s marketplace GMS dropped 6 percent to 2.5 billion dollars, down 6.3 percent on a currency-neutral basis, while its active buyers decreased 0.4 percent to 91.2 million. Consolidated net income also dropped, falling 30.5 million dollars YoY to […]
- Castore reports investment-driven loss, yet sales surgeby news@fashionunited.com (Rachel Douglass) on 31/10/2024 at 11:09
Castore store in Rotterdam, the Netherlands. Credits: Castore Sportswear brand Castore has filed its financials for the year to 4 February 2024, during which time its emphasis on investments resulted in a loss, despite a significant surge in sales. Castore shifted from a profit of 11.7 million pounds in 2022/23 to a loss of 21.5 million pounds in 2023/24, a decline that largely comes as a result of increased investment into people, systems and infrastructure, the brand noted in its filing […]
- Nominees for BFC Foundation Award revealedby news@fashionunited.com (Rachel Douglass) on 31/10/2024 at 10:47
Tolu Coker SS24 Credits: Jason Lloyd Evans The British Fashion Council (BFC) has named the nominees of its BFC Foundation Award, the winner of which will be announced at the upcoming The Fashion Awards 2024 presented by Pandora, scheduled to take place December 2. The five nominees for this year’s award are current BFC Newgen recipients, Aaron Esh and Tolu Coker; BFC/GQ Designer Fashion Fund 2024 winner, Bianca Saunders; BFC/Vogue Designer Fashion Fund 2024 winner, Chopova Lowena; and […]
- Dune reports loss, posts marginal turnover increaseby news@fashionunited.com (Prachi Singh) on 31/10/2024 at 10:19
Dune store Credits: Dune London via Facebook Dune Topco has filed annual accounts for the period to the end of January with a marginal turnover increase to around 141.9 million pounds from 141.5 million pounds in the prior year. The company said in a filing that the group achieved growth in the period, both overall and like for like, reflecting good progress on the key growth platforms of omnichannel in the UK market, global growth and category development, particularly accessories and men's. […]
- October footfall marginally drops due to inclement weatherby news@fashionunited.com (Rachel Douglass) on 31/10/2024 at 10:13
Credits: Unsplash Retail footfall across the UK took a slight dip over the month of October as inclement weather conditions and a shift in school half term holidays kept shoppers at home. According to MRI Software, from September 29 to October 26, footfall fell -0.6 percent across all retail destinations compared to the month prior. The same decline was also recorded when compared to 2023 levels. Retail parks led the way at a drop of -1.3 percent, followed by shopping centres, for which […]
- The Children’s Place to sell via Shein in new partnershipby news@fashionunited.com (Rachel Douglass) on 31/10/2024 at 09:44
Gymboree and Brand Ambassador Mandy Moore unveils Gymboree XO Mandy Moore collection Credits: Gymboree/The Children’s Place The Children’s Place has announced a new partnership with Shein that will see products from the childrenswear retailer sold via the fast fashion giant’s platform. The move was dubbed a “significant step forward” by The Children’s Place, which is continuing to embark on the implementation of an omnichannel strategy centred around diversification. Brand […]
- European Commission launches investigation into Temuby news@fashionunited.com (Susan Zijp) on 31/10/2024 at 09:28
Campaign photo of Temu. Credits: Impt. The European Commission is launching an investigation into Chinese e-commerce platform Temu, a subsidiary of PDD Holdings. This was reported by Bloomberg based on anonymous sources. Temu is growing rapidly in Europe thanks to its low-price strategy. The platform is the international version of Chinese e-commerce giant Pinduoduo, founded in 2015, and offers a wide range of products, from clothing to shoes and accessories. According to Bloomberg, Temu is […]
- Jacquemus seeks minority shareholder ahead of London store openingby news@fashionunited.com (Sylvana Lijbaart) on 31/10/2024 at 09:23
Jacquemus in SoHo, New York Credits: Jacquemus Jacquemus' namesake founder, Simon Porte Jacquemus, has confirmed the brand is looking for a minority shareholder. The designer revealed the news in an interview with the French magazine Le Figaro, to which he said it was time to find support from an investor who will help with a global expansion and expansion into the beauty segment. Jacquemus is also looking for additional financing to enter the next phase of store openings in 2025 and 2026, […]
- ‘Tale of two halves’: Industry reacts to ‘damaging’ Autumn Budgetby news@fashionunited.com (Rachel Douglass) on 31/10/2024 at 09:18
Credits: Pexels The Autumn Budget, the first to have been issued by Labour in 13 years, has received mixed reactions from industry insiders and experts alike, with a 40 billion pound uptick in taxes being at the centre of discussion. On Wednesday, Chancellor Rachel Reeves unveiled the budget via a lengthy speech in which she noted that she did “not take this decision lightly”. Among the changes to be implemented is the scrapping of the current 75 percent discount on business rates set to […]
- MAGIC Bodyfashion launches new stylesby news@fashionunited.com (Press Club) on 31/10/2024 at 08:18
Credits: MAGIC Bodyfashion MAGIC Bodyfashion introduces new styles: Posture Bra Body Control Bermuda V-Bra (kleur extensie) Suedine Look legging MAGIC Legging MAGIC Tights MAGIC Bodyfashion extends Dream Shapers collection with new shapewear styles MAGIC Bodyfashion recently introduced two new highly corrective shapewear styles: the Posture Bra and the Body Control Bermuda, both part of the Dream Shapers collection. These new styles are specially designed to provide both support and comfort […]
- Next stakes claim in premium fashion market with Seasons launchby news@fashionunited.com (Don-Alvin Adegeest ) on 31/10/2024 at 08:00
Seasons, the new premium e-commerce platform from Next Credits: Courtesy Seasons British retail giant Next is making an ambitious move into the premium fashion segment with the launch of Seasons, a new multi-brand e-commerce platform. The venture marks a significant strategic shift for the high street retailer, as it seeks to capture market share in the wake of recent industry consolidation. The platform will debut with a curated selection of contemporary fashion brands including Paul Smith, […]
- Nike announces changes to its senior leadership teamby news@fashionunited.com (Prachi Singh) on 31/10/2024 at 07:15
Ann Miller, executive vice president, global sports marketing Credits: Nike Nike has announced that Ann Miller, a leader with nearly 18 years of experience at Nike and currently executive vice president, chief legal officer, will assume the role of executive vice president, global sports marketing. Miller succeeds John Slusher, who will retire from the company later this year after 26 years with the company. “Ann possesses a unique blend of athlete mindset, deep legal expertise, and […]
- Lectra registers Q3 revenue growth of 11 percentby news@fashionunited.com (Prachi Singh) on 31/10/2024 at 06:58
Lectra Credits: Lectra Driven by both the integration of Launchmetrics and the improvement in the group’s fundamentals, Lectra’s third quarter recurring revenues reached 131.9 million euros and EBITDA before non-recurring items to 26.2 million euros, up by 11 percent and 10 percent, respectively). The EBITDA margin stood at 19.9 percent. The company said in a release that orders for perpetual software licence, equipment and accompanying software, and non-recurring services at 32.2 million […]