H&M Group’s sales including VAT in the third quarter of 2017, from June 1 to August 31, 2017, increased by 5 percent in SEK compared to the corresponding quarter last year and amounted to 59,383 million Swedish krona (7,460 million dollars). The company’s sales excluding VAT amounted to 51,229 million […]

The London Fashion Week is traditionally one of the global fashion shows that attracts the greatest deal of interest. No wonder that’s the case as the British fashion spectacle is just second to its sister event in NYC when it comes to both income generated and number of visitors. The awaited British […]

Hill & Friends, the luxury accessories brand launched by former Mulberry creative director Emma Hill, has received 1.5 million pounds in funding from IW Capital. The private investment house has reportedly paid 1.5 million pounds for a minority stake in the firm. According to ‘The Sunday Times’, the […]

The U.S. footwear company has filed for Chapter 11 seeking for bankruptcy protection and aiming to gain some time to implement operational and financial restructuring. Aerosoles announced last week it had voluntarily filed petitions to reorganize under chapter 11 of the U.S. Bankruptcy Code in the U.S. […]

ANALYSISThe iconic U.S. apparel group has come to terms with the fact that, in order to prevail in an ever-challenging environment, it needs to shift the focus from namesake brand and upper scale Banana Republic to a more affordable Old Navy and trendy athleisure flagship label Athleta. Earlier this […]

Canadian heritage-fashion retailer Roots Corp. will soon take its company public. The company will focus on taking the North American market by storm and aims expand its international footprint after launching an IPO. Roots has applied to list on the Toronto Stock Exchange under the symbol ROOT. Roots’ […]

ANALYSISEbay announcement of a partnership with Spring, an online retailer stocking brands including Chloe, David Yurman and Rag & Bone, comes at a time when e-commerce titan Amazon is strengthening its fashion offering. Is this eBay´s glove to Amazon? Spring will own a dedicated "storefront" on eBay's […]

The Hermes Group’s consolidated revenue amounted to 2,713 million euros (3,227 million dollars) in the first half of 2017, up 11 percent at current and up 10 percent at constant exchange rates. Operating income rose 13 percent to 931 million euros (1,107 million dollars) and profit reached 605 million […]

In the first nine months of the financial year 2016/17, consolidated sales revenues of Gerry Weber International were down by 2.9 percent to 620.1 million euros (736 million dollars), which the company said was primarily because the store portfolio of the core retail segment was streamlined as planned. […]

Together with The Hong Kong Research Institute of Textiles and Apparel (HKRITA), the H&M Foundation has developed a new method for recycling blend textiles into new fabrics, thus paving the way for a more circular economy. Using only heat, less than 5 percent biodegradable green chemical and water, […]

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