New York – The last Optimove Retail Pulse reveals that fashion retailers globally saw a 37 percent year-on-year increase in mobile shopping (2017 vs 2018.) In December 2018 alone, fashion merchants enjoyed a 55 percent YoY increase of mobile orders. Equally on the rise is are average order values for […]

ANALYSIS New York – On Wednesday Asos reported an 87 percent fall in first-half pretax profit. Despite the adverse figures, the British retailer stuck to its guidance for sales, profit margins and capital expenditure for the full year, boosting its shares. The online fashion retailer blamed the weak […]

Fast Retailing Group has reported 6.8 percent rise in its first half revenues to 1.2676 trillion yen, while operating profit of 172.9 billion yen (1.56 billion dollars), increased 1.4 percent, and pre-tax profit rose 5.5 percent to 174.2 billion yen (1.57 billion dollars). The company said in a statement […]

Until now, custom-made production on an industrial scale has not been possible and thus, has been uneconomical for most fashion companies. This has since changed. Numerous international startups have been launched in recent years with exactly this idea, thanks to new technologies available today. Personalisation […]

In its first quarter, LVMH Moët Hennessy Louis Vuitton, reported revenue of 12.5 billion euros (14.1 billion dollars), an increase of 16 percent, while the company said, organic growth was 11 percent compared to the same period of 2018. The group’s fashion & leather goods business group achieved organic […]

Ted Baker has entered into an agreement with Shanghai LongShang Trading Company Ltd. (LS) to create a joint venture in Mainland China, Hong Kong and Macau. The company said, LS will assign its rights under the JV to a newly incorporated Hong Kong investment vehicle to be wholly owned and formed by LongGoal […]

Levi Strauss & Co. in its statement for the first quarter ended February 24, 2019 said net revenues grew 7 percent on a reported basis and 11 percent on a constant-currency basis, excluding 48 million dollars in unfavourable currency translation effects. The company added that diluted earnings per common […]

iOS users can now use WhatsApp’s Business app too. The messaging service, whose business version was previously only available for Android, announced on its blog that WhatsApp Business for iOS is now available to download from the App Store in the UK, US, Brazil, Germany, Indonesia, India and Mexico, […]

As reported last week, a ruling by Bangladesh’s Supreme Court’s Appellate Division on the Accord’s appeal against its restraining order was due yesterday. However, after first being rescheduled to today, 8th April, the hearing has been further adjourned until 15th April 2019. FashionUnited has retraced […]

We’re going to have to wait a few more days to know what the future holds for the Bangladesh Accord, the independent organization set up by more than 200 fashion companies operating in Bangladesh, which conducts safety inspections in garment factories since the Rana Plaza building collapse in 2013. […]

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