Fashion brands and retailers can reap financial, environmental and customer loyalty rewards from embracing circular business models, designed to reduce waste and keep garments and accessories in use for longer, according to a new report from ReLondon and QSA. The report, ‘Fashion that doesn’t cost the […]

New Look is reportedly facing off against four landlords in a High Court battle over the British fashion retailer’s restructuring plan. The landlords, which include British Land and Land Securities, argue New Look should pay a “bare minimum market rent” on its stores as part of its company voluntary […]

US fashion retailer Designer Brands has reported a 26.6 percent drop in net sales for the fourth quarter of the year. For the three months to January 30, 2021, the company’s net sales fell to 609.4 million dollars compared to 829.6 million dollars a year earlier. Reported net loss widened to 134 million […]

Caleres For its fourth quarter, Caleres recorded net sales of 571 million dollars, down 18.3 percent. The company reported a 6.2 percent sales decline in the Famous Footwear segment and a 32.4 percent sales decline in the Brand Portfolio segment, while total company owned ecommerce website sales increased […]

Gap Inc. has launched a new initiative called Empower@Work to help female garment workers feel more represented in its global supply chains. To drive collective action, Gap Inc. has partnered with Business for Social Responsibility, ILO-IFC Better Work, and CARE to launch a platform that will focus […]

Beijing has asked Chinese e-commerce titan Alibaba to divest its assets in the media sector out of concern over the company's growing public influence, The Wall Street Journal reported Monday. Its founder Jack Ma, the ebullient and unconventional billionaire who officially retired from Alibaba in 2019 […]

Following a strong financial year 2020, Zalando has upgraded its growth ambitions and aims to grow gross merchandise volume (GMV) to more than 30 billion euros by 2025 and aspires to serve more than 10 percent of the total 450 billion euros European fashion market in the long-term. In 2020, the company […]

Hong Kong-based private equity firm LionRock Capital has completed its 100 million pound investment in Clarks. The deal was first announced back in November, with LionRock agreeing to acquire a 51 percent majority stake in Clarks provided the British footwear retailer received approval from creditors […]

Graduate Fashion Foundation has launched a new innovative digital platform using technology to boost opportunities for fashion graduates with a portfolio hub, fashion university pages, and bespoke live-streaming technology for its annual Graduate Fashion Week (GFW) event. The new platform at […]

British fine jewellery brand Fenton has confirmed that it has been certified as a B Corp business for meeting the highest verified standards of social and environmental performance, transparency and accountability. The direct-to-consumer brand is one of only a few jewellers in the world to achieve this […]

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