Miscellaneous
The latest news
Macy’s earnings top forecasts as promotions attract shoppers
Macy’s Inc. profit beat analyst expectations as markdowns attracted bargain-hunting shoppers who are pulling back.
Fashion
Harding-Rolls to lead new Eco-Age Advisory Division
Eco-Age, the integrated strategy consultancy founded by Livia Firth, has named George Harding-Rolls to lead its new Advisory Division, focusing on policy and regulation in the fashion sector.
Fashion
Zalando faces a second-quarter slump
After an upbeat first quarter, the April-June period saw a 1.8% decline in sales volume and a 2.5% fall in sales, against a backdrop of rising operating income.
Fashion
Canada's corporate watchdog probes Ralph Lauren on alleged use of forced labor in China
Ralph Lauren's Canada is being investigated over allegations the apparel retailer's supply chain and operations in China used or benefited from the use of Uyghur forced labor.
Fashion
Ben Sherman signs new global licensing deal with BSI
Menswear brand Ben Sherman has inked a new licensing agreement with BSI Apparel. Under a core license and operating partnership, BSI will now distribute the men’s apparel and tailored clothing globally.
Fashion
Wholesale is bouncing back says JOOR
The drive towards DTC and away from wholesale appears to be stalling with wholesale management ecosystem JOOR saying global fashion brands are forecasting “exceptional growth of 27% in their wholesale channels”.
Fashion
Destocking issues give Coats a tough half-year ride
Widespread industry destocking and tough year-ago comparisons have continued to hurt Coats Group with the UK-based threads and footwear components giant seeing its half-year revenues and earnings fall.
Fashion
H&M says it will "phase out" sourcing from Myanmar
The world's second-biggest fashion retailer H&M has decided to gradually stop sourcing from Myanmar, it told Reuters on Thursday, as reports of labour abuses in garment factories in the country increase.
Fashion
Honest Co. is betting a push into Walmart stores will power turnaround
Honest Co. hired Carla Vernón, a veteran of Amazon.com Inc., to guide the consumer-products startup out of rough waters. Her turnaround bid relies largely on the e-commerce giant’s biggest rival: Walmart Inc.
Fashion
Coach parent Tapestry forecasts weak 2024 on soft U.S. demand
Coach parent Tapestry, which agreed to buy Capri Holdings last week, forecast fiscal 2024 profit and sales below estimates on Thursday after waning U.S. demand for its luxury handbags hurt fourth-quarter results.
Fashion
TJX lifts annual forecast on demand for discounted apparel
TJX Cos raised its outlook for fiscal 2024 on 16 August, buoyed by steady sales of its discount apparel and accessories and an uptick in demand for home decor goods.
Fashion
'Uniqlo: C' sub brand is retailer's first collab with Clare Waight Keller
Uniqlo has revealed its first-ever collaboration with former Chloé and Givenchy creative chief Clare Waight Keller, her first major project since leaving Givenchy in 2020.
Fashion
H&M probes Myanmar factory abuses as pressure intensifies
H&M is following up on 20 alleged instances of labour abuse at Myanmar garment factories that supply the world's second-largest fashion retailer, just weeks after Inditex said it's phasing out purchases from there.
Fashion
US retail sales top forecasts, clothing is strong
US retail sales rose in July by more than forecast, suggesting consumers still have the wherewithal to sustain the economic expansion.
Fashion
Alibaba beats quarterly revenue estimates
China's Alibaba Group Holding reported Q1 revenue that beat analysts' estimates as consumer sentiment bounced back from the same time a year earlier when there were strict pandemic-related lockdowns.
Fashion
Analysis: Tapestry plans to use Coach playbook to turn around Michael Kors
Coach owner Tapestry Inc. needs to turn around the struggling Michael Kors brand to get the most out of its $8.5 billion deal for the line’s parent company, Capri Holdings Ltd.
Fashion