Chinese e-commerce giant Alibaba and Russian technology group on Tuesday announced a deal to launch a joint venture in Russia and former Soviet countries. The two groups, along with the Russian sovereign wealth fund RDIF and telecom operator MegaFon, announced the creation of "a new strategic […]

Hudson’s Bay Company (HBC) has entered into definitive agreements with Signa Retail Holdings, to form a strategic partnership for its European retail and real estate assets. The development would see HBC Europe's retail operations merge with Signa's Karstadt Warenhaus GmbH, with HBC taking a 49.99 percent […]

Starting today, 12 new startups will join Fashion for Good’s Plug and Play Accelerator Programme, which provides them with a push to scale-up their businesses, including a twelve-week curriculum and mentorship from Adidas, C&A, Galeries Lafayette, Kering, PVH, Target and Zalando. The fourth batch of […], China’s largest retailer, has confirmed that it has signed a strategic agreement to provide e-commerce technology to Ruyi, the owner of global fashion brands including Aquascutum, Cerruti 1881, Sandro and Maje. In a press statement, JD stated that it will deploy its full suite of “boundaryless […]

Nike Inc.'s (NKE) decision to bring former NFL player Colin Kaepernick for its latest "Just Do It" campaign was widely criticized and was expected to negatively impact its sales. However, it seems that the controversy was overblown and the campaign has driven Nike' sales up. According to Market Watch, […]

For the full year, Primark, part of Associated British Foods expects sales to be 5.5 percent ahead of last year at constant currency, driven by increased selling space offset by a 2 percent decline in like-for-like sales. At actual exchange rates sales are expected to be 6 percent ahead. The company […]

INTERVIEWThe #MeToo and #TimesUp movements have helped to shed a new light upon the prevalence of sexual misconduct and abuse in the modelling industry. Many models start their careers at a very early age: according to a survey conducted by non-profit organization Model Alliance, 55 percent of working […]

Excessive water and chemical usage, overproduction and the inability to deal with overstock - the garment and textile industry, ever so anxious to be fashion forward, is far behind when it comes to processes and environmental consciousness. Yet, it is also the industry that astounds with groundbreaking […]

Global Fashion Group (GFG) has said that that second quarter group net revenue was 297.8 million euros (346.5 million dollars), representing constant currency growth of 21.1 percent or 5.6 percent growth in absolute euro terms. NMV, which includes marketplace sales, the company added, was 314.1 million […]

Net sales in the second quarter of fiscal 2019 at G-III Apparel Group increased 16.1 percent to 624.7 million dollars. The company reported net income of 10.1 million dollars or 0.20 dollar per diluted share for the second quarter compared to a net loss of 8.6 million dollars or 0.18 dollar per share, […]

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