The potential of circular business models continues to grow in the apparel market—more and more rental and resale experiments and pilots are being launched and market growth is outpacing traditional retail. Nevertheless, for brands looking to design and launch a circular business model, there are many […]

US fashion retailer Cato Fashions has reported widening losses for the fourth quarter as it swung to a full-year loss. For the three months to January 30, 2021, the company’s net losses more than doubled to 6.9 million dollars compared to 3.2 million dollars a year earlier. That came as sales in the […]

Fashion resale platform ThredUp is aiming to raise up to 168 million dollars in its upcoming IPO. The US company said Thursday it plans to sell 12 million shares of its Class A common stock at a price of between 12 dollars and 14 dollars, the upper range of which would raise 168 million dollars and […]

For its third quarter, Nike reported revenues of 10.4 billion dollars, up 3 percent compared to the prior year and down 1 percent on a currency-neutral basis led by Greater China reporting revenue growth of 51 percent. Gross margin for the quarter increased 130 basis points to 45.6 percent and net income […]

After several high profile company collapses - from BHS to Arcadia to Debenhams - new audit reforms and corporate governance is meant to avoid company failures and safeguard British jobs in the future. The proposed reforms would break up the dominance of the “big four” audit firms and strengthen the […]

JD Sports has completed its 495 million dollar acquisition of US footwear label DTLR. “We are delighted that this transaction, which gives us an enhanced presence in the north and east of the United States, has now formally completed,” said JD Sports chairman Peter Cowgill in a statement. He continued: […]

The potential of circular business models continues to grow in the apparel market—more and more rental and resale experiments and pilots are being launched and market growth is outpacing traditional retail. Nevertheless, for brands looking to design and launch a circular business model, there are many […]

Beijing, March 18, 2021 (AFP) - Chinese authorities on Thursday said they had summoned 11 tech companies including Tencent, Alibaba and TikTok owner ByteDance for talks on “deep fakes” and internet security, as regulators try to reel in the country’s runaway digital sector. The Cyberspace Administration […]

One and a half years after the launch of its sustainability strategy Do.more, online retailer Zalando has published its first stand-alone sustainability progress report, showing the extent to which it has achieved its vision to make Zalando a sustainable fashion platform that has a net positive impact […]

British couture house Ralph and Russo have been placed into administration, citing the impact of Covid-19. On the brand’s Instagram, Tamara Ralph, creative director and Michael Russo, chief executive of Ralph and Russo, said in a joint statement: “It is with great sadness that after 11 years we announce […]

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