COVID-19 couldn’t slow down Amazon’s business in India. The online retail giant saw sales in the country reach 3 billion dollars last year, allowing them to create over a million local jobs since it began operating in the South Asian country over a decade ago. 1 billion dollars of that 3 billion and […]

The ascent of German blockchain start-up Retraced has been rapid: Founded in October 2018, and just over a year later, the company won the German Sustainability Prize 2019. During the pandemic year 2020, Retraced was able to win over 40 fashion companies (including Armedangels, Boyish Jeans and ErlichTextil) […]

Asos has announced plans to raise 500 million pounds to drive its global expansion a day after the British fashion giant reported surging profits for the first half of the year.The company said it is offering 500 million pounds of senior unsecured guaranteed convertible bonds due 2026 through its subsidiary […]

The Chilean fashion retail group Falabella has confirmed that it will close the doors of all its physical establishments in Argentina, a country that has been key in its expansion in the Latin American market. Industry experts approve the move, key in Falabella’s omni-channel strategy. Last September, […]

The Fast Retailing Group reported a decline in revenue but a large jump in profits in the first half of fiscal 2021 with consolidated revenue totalling 1.2028 trillion yen, down 0.5 percent and operating profit rising to 167.9 billion yen, up 22.9 percent. The company said in a release that rise in […]

Carbon neutrality is no longer enough, states Mexican-American accessories brand Cacto, which is claiming to be the first carbon-negative fashion company in the Americas. Cacto, which produces sustainable accessories made of cactus leather, has partnered with Swiss nonprofit organisation, On A Mission, […]

Since the pandemic started, hundreds of thousands of retail locations have closed; some temporarily, many for good. While this trend has had a visible, almost immediate effect on retailers’ financials and strategies, there is another group of stakeholders who are facing unexpected challenges: Small […]

Atterley, the online fashion marketplace for fashion independents, has completed a 3 million pound funding round led by private equity firm Maven Capital Partners. The investment, which also includes commitments from development agency Scottish Enterprise and existing shareholders, will help Atterley […]

Sustainability in the fashion industry is the topic du jour, and rightfully so. The adverse effects of fashion on our environment and on humans themselves cannot be overstated. Over the past ten years, this topic has shifted from the world of academia and NGOs to business and consumers. In fact, consumers […]

In its 15th year, footwear brand Toms is moving away from its pioneering One for One giving model to a new impact strategy, which will see it donate a third of its annual net profits to grassroots organisations. The evolution of its new giving model is in response to the question it has been asking […]

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