2017 was not the best financial year for the Prada Group, with its main brand lagging in growth and digital relevance. Its prices were expensive, too, with little entry price points for the consumer who can’t afford its high-end, high price accessories. But a lot can happen in a year. This week Prada […]

IN DEPTH German sporting goods firm Adidas AG recently announced its decision to use only recycled plastics by 2024 for shoes and clothing. This initiative could be the first step for the entire fashion industry to work together to solve ecological problems, says Alexandra Kaloschina, founder of the […]

For the period between April 1 to June 30, 2018, Björn Borg AB said that the Group’s net sales increased 4.1 percent to 140.3 million Swedish krona (15.2 million dollars) and excluding currency effects sales rose 1.2 percent. Net sales for the company’s own ecommerce and e-tailers increased 23 percent. […]

Fashion for Good, the global initiative to make the fashion industry more innovative and sustainable, is launching the world’s first toolkit on the product development of Cradle to Cradle (C2C) certified denim and materials. The guide includes lessons learned by fast fashion brand C&A while developing […]

Total revenue at Walmart Inc for the second quarter, the company said, was 128 billion dollars, an increase of 4.7 billion dollars or 3.8 percent. Excluding currency, total revenue was 127.8 billion dollars, an increase of 4.4 billion dollars or 3.6 percent. Walmart reported Q2 GAAP net loss per share […]

China’s ecommerce company JD.com, Inc. has reported net revenues for the second quarter of 122.3 billion Chinese yuan (218.5 billion dollars), an increase of 31.2 percent from the second quarter of 2017. The company said, net service revenues for the quarter were 11.8 billion Chinese yuan (1.8 billion […]

After partnering up with Microsoft to incorporate artificial intelligence in its business and setting up a retail data academy to step up its employees’ “data literacy”, Marks & Spencer has taken one more step towards becoming a more digital-savvy retailer. This time, it has joined forces with cloud […]

Founded in 1976 by Gao Dekang, Bosideng has 7,579 retail outlets across China, making it the largest down clothing company in the country. In October 2007, Bosideng International Holdings Limited was listed on the Hong Kong Stock Exchange and through years of development is now valued at 26.818 billion […]

Because throwing away would be a waste, German outdoor outfitter Vaude recently launched its Upcycling Community: a marketplace that facilitates the exchange between creatives and "resource producers" who want to jointly develop new recycling options for raw materials. The project is funded by the German […]

In its trading update for the second quarter ahead of half year results, Mavi has announced that throughout the challenging environment in the Turkish market in the first half of 2018, the company has continued to deliver strong sales growth across all retail, wholesale and online channels in Turkey. […]