New York – British fashion and homeware brand Laura Ashley has appointed IMG as its new licensing partner to exclusively license the retailer in mainland China, Hong Kong and Taiwan in a bid to make up for widening losses back to the UK. “We are delighted to have appointed IMG on an exclusive basis […]

Fashion companies continue to invest in strategies that promote inclusion. Macy's is the latest such company, as the American retailer, which operates Macy's and Bloomingdale's stores, has announced a new approach intended to ensure that it reflects the diversity of the communities it serves. The company […]

BACKGROUND Six years ago, the worst industrial accident in the history of Bangladesh occurred. More than 4,000 people were buried under debris and at least 1,138 killed when the Rana Plaza building collapsed, housing several garment factories where western apparel companies manufactured their clothes. […]

New York - Yahoo Japan will soon be the owner of the Nippon country’s largest online fashion retailer, Zozotown, as both companies confirmed in a joint release on Thursday. Yahoo Japan, which is part of the SoftBank Group, plans to tender an offer to acquire 50.1 percent of Zozo shares and make the […]

Sustainability has finally become more than just a buzzword with brands, retailers and innovative companies following through and taking responsibility. August saw brands especially becoming ambitious and setting sustainable targets for themselves in terms of water consumption, materials used and carbon […]

The Hermès Group’s consolidated revenue amounted to 3,284 million euros (3,623 million dollars) in the first half of 2019, up 15 percent at current exchange rates and 12 percent at constant exchange rates. The company said, recurring operating income increased 15 percent, to reach 1,144 million euros […]

For its first quarter, New Look Retail Holdings Limited said that the company managed to reduce statutory loss before tax by 12.8 million pounds (15.8 million dollars) to 2.7 million pounds (3.3 million dollars) following restructuring compared to loss of 15.5 million pounds in the same quarter last […]

Inditex Group net sales increased by 7 percent in the first half of 2019 to 12.82 billion euros (14.15 billion dollars) for the first time. In local currencies, the company said, sales growth was 7 percent, while like-for-like sales grew by 5 percent, underpinned by growth across all brands and regions, […]

Total sales for the week to September 7, 2019 were down 5.5 percent at John Lewis on the same week last year. The company said in a statement that fashion sales were down 4.9 percent, due to the annualising of the launch of John Lewis & Partners womenswear collection. The company added that beauty, […]

Multi-channel ecommerce platform Shopify Inc. has reached an agreement to acquire 6 River Systems, Inc., provider of collaborative warehouse fulfilment solutions. The company announced through a statement that under the terms of the agreement, Shopify will acquire all of 6 River Systems’ outstanding […]

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