H&M Group has issued a statement about the unrest in Bangladesh after being criticized for working with garment factories in the country. Last month, thousands of garment factory workers staged an eight-day strike, calling for fair wages and safe working conditions. They claimed factories failed to […]

Shopping network QVC has unveiled a new brand identity and logo in the US, ahead of an International rollout, which it states reflects “QVC’s leadership as a digital destination for inspired shopping”. The new QVC logo features a “Q” with a simple square surrounding it, which the shopping channel states […]

Austrian fibre producer Lenzing has partnered with the Textile and Fashion Federation Singapore (TaFF) and recently opened a Tencel Studio in a prominent location on popular shopping destination Orchard Road to offer Singapore’s designers a hub to present themselves and make the Tencel brand more accessible […]

With an ever-increasing consumer demand for more sustainable products, the fashion industry is facing mounting pressure to become a more circular economy, with waste reduction a key concern for many brands. The annual production of apparel has doubled since the turn of the century, but the share of […]

In 2018, the Hermès Group’s consolidated revenue reached 5.9 billion euros (6.7 billion dollars), up 10 percent at constant exchange rates and 7.5 percent at current exchange rates. The company said, revenues grew 10 percent in the fourth quarter at constant exchange rates with growth in all the geographical […]

For the fourth quarter, sales at Skechers grew 11.4 percent as a result of an 18.4 percent increase in the company’s international wholesale business, a 7.5 percent increase in its company-owned global retail business, and a 4.8 percent increase in its domestic wholesale business. Gross margins increased […]

Columbia Sportswear Company announced net sales of 917.6 million dollars for the fourth quarter, an increase of 18 percent or 19 percent constant-currency. The company said, non-GAAP fourth quarter net sales of 899.3 million dollars increased 16 percent or 17 percent constant-currency. Net income for […]

American athletic footwear and apparel retailer Foot Locker has announced a strategic minority investment in Goat Group, the company managing sneaker marketplaces Goat and Fight Club. A total of 100 million US dollars have been invested. "With over 3,000 retail locations, Foot Locker will support our […]

L Brands, Inc. has reported net sales of 780.1 million dollars for the four weeks ended February 2, 2019, compared to 1.040 billion dollars for the five weeks to February 3, 2018. The company said, comparable sales decreased 1 percent for the period. Net sales were 4.852 billion dollars for the fourth […]

For its second quarter to December 29, 2018, Tapestry, Inc. recorded net sales of 1.80 billion dollars, an increase of 1 percent on a reported basis and 2 percent in constant currency. Net income for the quarter was 255 million dollars on a reported basis, with earnings per diluted share of 88 cents […]

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