Image: courtesy of Prevayl; Adam Crofts chief executive Manchester-based Prevayl, a ‘luxe smart’ sportswear start-up, has secured 7.5 million pounds to help it “take wearable health technology to new heights”. Prevayl describes itself as a cutting-edge sports performance brand looking to empower consumers […]

Image: courtesy of Garrett Leight California Optical (GLCO) Los Angeles-based eyewear lifestyle brand Garrett Leight California Optical (GLCO) has announced a strategic investment from The Untitled Group to drive global direct to consumer growth. The Untitled Group has invested 20 million US dollars […]

Image: Pexels by Felix Mittermeier LVMH has announced a new partnership with environmental not-for-profit Canopy as it looks to strengthen its commitment to forest conservation. In a press release, LVMH states that more than 3.2 billion trees are cut down every year to produce paper packaging or to […]

Image: Rent the Runway Fashion rental platform Rent the Runway is entering into the fast-growing resale market and is reportedly planning to float later this year in what will be the latest in a long string of fashion IPOs to take place during the pandemic. The New York-based online business is in talks […]

Online fashion retailer Zalando has come up with a special gift for its employees for the holiday season: “zacation”, or one collective week off, as a thank you for the hard work during the pandemic.  “Covid-19. When we said goodbye to the office in March, we thought: See you in four weeks. Now, a year […]

Image: American Eagle, Facebook The board of directors of American Eagle Outfitters, Inc. (AEO) has approved a 31 percent increase in the quarterly cash dividend to 18 cents per share. “I am pleased to announce a material increase to our dividend today. Following a record first quarter result, the increase […]

Image: Lululemon, Facebook For the first quarter of 2021, net revenue at Lululemon Athletica increased 88 percent to 1.2 billion dollars, while on a constant dollar basis, net revenue increased 83 percent. Commenting on the first quarter trading, Calvin McDonald, company’s chief executive officer, stated: […]

Image: Express, Business Wire Consolidated net sales at Express Inc., increased 64 percent to 345.8 million dollars from the first quarter of 2020, with consolidated comparable sales up 5 percent. The company said, comparable retail sales, which include Express stores and ecommerce, increased 11 percent, […]

Image: courtesy of Joor Digital wholesale platform, Joor has opened a new office in Shanghai, China, as part of its continued expansion in Asia. The new Shanghai office represents the company’s third office in Asia-Pacific, joining Melbourne and Tokyo and makes Joor the first platform of its kind to […]

Image: JD Sports British sportswear retailer JD Sports is to offload Sports Unlimited Retail to its 50.02 percent subsidiary based in Spain for 16.5 million euros. JD Sports said its subsidiary Iberian Sports Retail Group is more focused on the sporting goods sector than the core JD brand and therefore […]

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