- Prachi Singh |
The Asos group generated retail sales growth of 26 percent during the year to August 31, 2018 to 2,355.2 million pounds (3,104.2 million dollars), with UK growth of 23 percent and international growth of 27 percent or 24 percent at constant currency. The company said, UK retail sales grew despite a […]
- Marjorie van Elven |
H&M Group is rethinking its new Millennial-focused brand, /Nyden, just six months after its launch. First intended to be an independent label, /Nyden has been integrated into H&M’s website this week, following the dismissal of founder, CEO and creative director Oscar Olsson in July. The company said […]
- Robyn Turk |
New York - Earlier this month, online personal styling service Stitch Fix reported its remarkably positive fourth quarter earnings. The quarter, which ended July 28, 2018, saw a 25 percent increase in active clients and a net income of 18.3 million dollars. These figures bring Stitch Fix’s active clients […]
- Marjorie van Elven |
INTERVIEWWhen looking for a hotel room, all one has to do is go to a website and choose their preferences in regards to location, price and facilities to be matched with a list of options that meet the selected criteria. Same goes for those looking for an apartment, a job or even a date. So why isn’t […]
- Regina Henkel |
With the spread of language assistants such as Google Assistant and Amazon's Alexa, online shopping has again taken a big step forward in its push for convenience-buying. By 2020 at the latest, 50 percent of search queries will be voice-based, according to market research company comsCore. When considering […]
- Danielle Wightman-Stone |
London - Sewport, the online fashion manufacturing marketplace, which seeks to ‘matchmake’ emerging and established fashion designers and brands with manufacturers around the world, has secured 650,000 pounds investment to fund its future growth. Launched at the end of 2017 by Latvian entrepreneur Boris […]
- Angela Gonzalez-Rodriguez |
ANALYSIS New York.- The world’s largest luxury goods group, LVMH, reported a 10 percent increase in revenues for its third quarter. Despite the positive update, the French group’s stock dipped. Why? FashionUnited explores some of the reasons dragging European luxury retailer’s shares these days. LVMH […]
- Marjorie van Elven |
Shanghai-based Icicle Fashion Group has announced the acquisition of struggling French fashion label Carven. The Chinese company, which saw a retail turnover of 178 million pounds (235 million US dollars) last year, issued a statement today saying it intends to “relaunch and redeploy” the Carven brand […]
- Prachi Singh |
L Brands, Inc. reported net sales of 1.058 billion dollars for the five weeks ended October 6, 2018, an increase of 8 percent, while comparable sales for the month increased 5 percent. The company reported net sales of 7.524 billion dollars for the 35 weeks ended October 6, 2018, an increase of 7 percent, […]
- Prachi Singh |
Furla Group’s turnover in the first half grew by 10.6 percent at constant exchange or 5.8 percent at current exchange to 252 million euros (291.6 million dollars). The company said in a statement published by Business Wire that turnover increased in the first part of the year across all markets. In […]