Business

Adidas' sale of Reebok could fetch 1 billion dollars

As Adidas’ sale of Reebok enters its operational phase, the German sportswear giant could net just one billion dollars according to some estimates. That is almost 3 billion dollars less that its acquisition price in 2005, when it was purchased for 3.8 billion dollars. According to sources cited by Reuters, Adidas is ready to begin considering...

7 May 2021

Retail

April footfall improves but still far from pre-Covid levels

Footfall in the UK has recovered strongly since non-essential stores were permitted to reopen last month, but still remains some way off pre-Covid 2019 levels, new data reveals. Total UK footfall fell by 40 percent last month compared to two years earlier, according to the latest data from BRC-Sensormatic, which this year compared footfall with...

7 May 2021

Business

Revolve profit soars as demand for 'going out' clothes returns

LA-based fashion e-tailer Revolve has reported record profit in the first quarter of the year as US lockdown restrictions eased, stimulus checks were distributed, and demand for going-out clothes returned. The company, which targets Millennial and Gen Z consumers, said net income hit 22.3 million dollars in the first quarter ended March 31, a...

7 May 2021

Fashion

Fall/Winter 2021 macro theme: Uber refined vintage

Trendstop brings FashionUnited readers a key, early mainstream macro theme for Fall Winter 2022, Uber Refined Vintage. Vintage revival trends continue to evolve as traditional colour palettes, print ideas and shapes are revisited and reinterpreted through a modern lens. As consumers seek comfort in nostalgia and move towards a more investment...

7 May 2021

Business

Adidas forecasts strong top-line recovery in 2021

Currency-neutral revenues increase 27 percent at Adidas with footwear up 31 percent driven by double-digit gains in the training, running, outdoor and lifestyle categories. In euro terms, the company’s revenues grew 20 percent to 5.268 billion euros. “We are fast out of the gate in the first year of our new strategic cycle, with excellent...

7 May 2021

Fashion

Hollister Co launches fashion brand with Charli and Dixie D’Amelio

Hollister Co., a division of Abercrombie and Fitch Co., is co-creating an apparel brand with social media personalities Charli and Dixie D’Amelio. Social Tourist will debut exclusively in Hollister stores and online on May 20 and is described by the retailer as a “trend-forward” brand that has been “imagined and inspired by Charli and Dixie’s...

6 May 2021

Business

Kontoor Brands reports strong Q1, raises FY21 forecast

Kontoor Brands, Inc. reported revenue increase to 652 million dollars, up 29 percent on a reported basis and 27 percent in constant currency for the first quarter. Compared to adjusted revenue in the first quarter of 2019, reported revenue increased 3 percent. “The strong performance in the quarter was broad-based, as evidenced by improving...

6 May 2021

Business

Tapestry reports 19 percent sales increase, returns to profit

Net sales at Tapestry Inc. totalled 1.27 billion dollars for the third quarter compared to 1.07 billion dollars in the prior year, representing a 19 percent increase. Commenting on the third quarter results, Joanne Crevoiserat, chief executive officer of Tapestry, said: “Through a sharpened focus on the consumer, we fueled new customer...

6 May 2021

More News

Business

Rare Kashmir sapphire glitters in Geneva auctio

The largest Kashmir sapphire ever auctioned and a royal tiara which everyone can try on via Instagram are the stars of this year's May magnificent jewels sales in Geneva. Gems worn by French emperor Napoleon Bonaparte's adopted daughter also dazzle among the historic treasures being sold by Sotheby's and Christie's auction houses on May 11 and...

7 May 2021

Fashion

Paris Fashion Week approved for physical men's shows in June

France is gradually lifting its COVID-19 lockdown restrictions, and that means positive things for fashion, such as Paris Fashion Week for men’s wear being cleared for physical shows and presentations this June. In a statement from France’s governing fashion body, the Fédération de la Haute Couture et de la Mode, said, “Depending on the...

7 May 2021

Fashion

New: FashionUnited trends page

Available now, all fashion trend information is compiled and shared on the newFashionUnited Trends section. The special section contains the latest fashion trends and reports from all over the world including trend predictions, and opinions from multiple trend forecasters and agencies, like Fashion Snoops, Peclers Paris, Trendstop, Christine...

7 May 2021

Business

How a t-shirt inspired the new virtual try-on swipe app Zyler

Everyone has probably had a moment in their lives where they fell in love with a dress or a shirt on a hanger, only to try it on in person and instantly fall out of love. It is notoriously difficult to imagine how a particular garment will look on your body without physically trying it on, which is why most consumers still prefer physically...

7 May 2021