Manchester-based fashion e-tailer In The Style has debuted on AIM, a sub-market of the London Stock Exchange. The womenswear retailer placed 5.5 million new ordinary shares and 24.5 million existing ordinary shares at a price of 200 pence apiece, raising 11 million pounds for the company and 49 million […]

In the first quarter 2021, the H&M group recorded net sales decrease of 21 percent in local currencies compared with period between December 1, 2019 to February 29, 2020. Converted to SEK, the company said in a statement, the group’s net sales amounted to 40,060 million Swedish krona compared to […]

In February, sustainability seemed high on the agenda of fashion brands and retailers, with some like H&M, Mango and John Lewis announcing not one but multiple initiatives. Resale is also booming, with second hand initiatives, resale platforms and clothing swaps making inroads. This month, FashionUnited […]

L Brands, Inc. has increased its first quarter earnings guidance from a range of 35 cents to 45 cents to a range of 55 cents to 65 cents, excluding any charges related to the early extinguishment of debt. Commenting on the update, Andrew Meslow, Chief Executive Officer of L Brands, said: “While the […]

China denied on Friday it was planning to hit e-commerce giant Alibaba with a fine of almost 1 billion dollars for allegedly flouting monopoly rules, as authorities put the screws on the firm as part of a crackdown on the technology sector. Officials are considering a hefty penalty that could top the […]

British ethical and sustainable-focused childrenswear company Frugi Group has reported a 51 percent increase in sales for the seven months to December 2020. The group said growth was driven by continued momentum in shoppers buying from D2C businesses throughout the pandemic, along with the shift in […]

Burberry has issued a trading update ahead of the March 27, 2021 financial year-end. Since December, the company continued to see a strong rebound and now expects revenue and adjusted operating profit to be ahead of consensus expectations. The company said in a statement that comparable store retail […]

In the fourth quarter of 2020, Safilo posted total net sales of 225.6 million euros, up 3 percent at constant exchange rates and down 2.1 percent at current exchange rates. Net sales performance in Q4 2020 allowed the group to continue the recovery of earnings started in the third quarter, registering […]

German sporting giant Adidas has announced a new partnership with fitness stationary bike Peloton. The indoor exercise bike with online streaming classes has become increasingly popular since the beginning of the Covid-19 pandemic. Peloton stated it has 4.4 million-plus active users as of January 2021, […]

Net revenues at for the fourth quarter of 2020 were 224.3 billion Chinese yuan (134.4 billion dollars), an increase of 31.4 percent from the fourth quarter of 2019. The company said, net service revenues were 32.1 billion Chinese yuan (4.9 billion dollars), an increase of 53.2 percent. The company’s […]

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